JPY Grouping

21 oct 2022

As I look at the price move that just smoked my USDJPY position, I am looking at the other JPY trades I took today so I don't feel as bad lol. Seriously though, you can see how the other JPY pairs moved early and when it came time for reversal/pullback, it was the fastest one to dumpster dive. The JPY group also illustrates why I target 30 pips per trade. If letting it run, leaving a partial on there to run, blah blah blah it just doesn't work for me. I like to in and out then looking for the next opportunity for the very reason that shows in the charts. I don't just have open P&L I've locked in those 30 pips on CADJPY, AUDJPY, and EURJPY. +90 -70 = 20 pip net gain on JPY group. Green is still green which is better than red so I'll take it.