Reply To: NZDJPY Weekly the second anyone?

#7713
Cristian Ravalli
Moderator

Hey Daren,

This could well set up on the day this week. For now, I would manage this the same way as the USDJPY. Move the stop below last week’s low. In my view, I am better safe than sorry and better to take a partial hit then a full hit. That enables you to recover quickly from losses.

Yep, I can relate to that, it’s a challenge to trade around a day job unless you can write it all down properly and have a little process going.

Good work on the pnl, keep it up! You’ve got two positions on JPY though and both long. Have you considered that when placing the trades?

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