GBPJPY
oooooopppppssss.....
if you panicked like I did on this retrace....... I have finally settled down..
This is just a small retrace ( yeah ... and yet I panicked.......) It will go back down with the trend.
Currently moving sideways......Still Bearish on this trade.
Just take care of your SLs. Widen it if you have too... I know there is a Basic Rule not to add on a losing position. If you trade with very high margin and can not widen your SL far enough to protect this trade..... Better exit for a loss now and wait for a better re-entry point
EG
oooooopppppssss.....
if you panicked like I did on this retrace....... I have finally settled down..
This is just a small retrace ( yeah ... and yet I panicked.......) It will go back down with the trend.
Currently moving sideways......Still Bearish on this trade.
Just take care of your SLs. Widen it if you have too... I know there is a Basic Rule not to add on a losing position. If you trade with very high margin and can not widen your SL far enough to protect this trade..... Better exit for a loss now and wait for a better re-entry point
EG