Price has been extremely interesting as far as USDJPY is concerned. Market-makers pushed it just outside my 147.000 - 149.000 zone. This was expected since I totally understand that they would not just make things obvious for traders. Their aim is to take as much money as possible from ordinary retail traders.
A massive fall back to the 147.000 level took place on Friday. This is an indication that I should be placing more SELL trades. Market-makers will now be selling heavily. It is going to be an interesting week.
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS.
A massive fall back to the 147.000 level took place on Friday. This is an indication that I should be placing more SELL trades. Market-makers will now be selling heavily. It is going to be an interesting week.
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS.
