GBPJPY
I would be seriously tempted by GBP/JPY if it closes above the strat shadow and 200ema today.
No, NO, NO and NO!
Your RISK to reward will be UPSIDE DOWN!
Until you are an EXPERIENCED PASR trader you MUST trade CONSERVATIVELY with the LOWEST RISK, HIGHEST PROBABILITY trades
YOU should only consider long positions when PRICE closes above Boss resistance.
Write RULE #1 on your forehead so that you SEE it each time you look in the mirror.
Remember: YOU are better wishing you were in a trade than being IN a trade wishing you were OUT!
DislikedWell, I have most of the yen pairs in a WCC at the moment. I'm going to wait until I get a close outside before I make any decisions. This is after all, the US employment figures this week. Although I would be seriously tempted by GBP/JPY if I closes above the strat shadow and 200ema today.Ignored
No, NO, NO and NO!
Your RISK to reward will be UPSIDE DOWN!
Until you are an EXPERIENCED PASR trader you MUST trade CONSERVATIVELY with the LOWEST RISK, HIGHEST PROBABILITY trades
YOU should only consider long positions when PRICE closes above Boss resistance.
Write RULE #1 on your forehead so that you SEE it each time you look in the mirror.
Remember: YOU are better wishing you were in a trade than being IN a trade wishing you were OUT!
15 YEARS OF PASR ON FOREX FACTORY!
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