Howdy Steemers,
Cton here, just made a sell on the Eur/Jpy . I sold a .035 lot at $128.829 It made a run up over the past few days and looks to have created a flag signaling the sell. So I put my money where my mouth is and expect a pull back. How deep will it go? I have a goal of around $123.000 but if it moves to slowly I will probably exit the trade earlier than that. If it moves quick I will watch that area closely in hopes it might make a swing down. At $124.000 I will put a trailing stop loss of roughly 100 pips if I am watching 200 pips if I am not at the desk. My stop loss is nothing as the amount of leverage would and the size of the account does not warrant a stop loss for up swings. Let me know what you think hero or zero?
