Baruch's Forex System Journal

i decide if i want to take my profit or if i stay in the trade and try to stand the pain till its coming back again into the +.

 

Well done - a profit is a profit.

 

usdjpy on the 3hour and daily looks to me like a short in the medium term. the usd cannot stay that strong forever.

 

true, taking profit is always good.

 

OK, but if it's not coming back again into +?

 

So what do you base your decisions on? Is it a hunch or do you have Indicators which you rely on?

 

Maybe, but the high oil prices are hurting Japan very much.

 

than i have to take a loss or open a hedge if its possible for the pair and wait.

when the pain gets too strong i take a loss. if its 100 or 150 pips its hard, but most of the time i come out ahead.

 

I HATE losses, so I kill them as quickly as possible.

 

Look at GBP/JPY!