Due to the big movements over the last few working days the range has been too big for any trades on the usd/jpy. There was a loser on yesterdays trade with the gbp/usd which actually went 125 pips into credit – now the average range on the gbp/usd is 100 pips so my opinion would that you should at least move the stop to break even if you’re trading at that level.
To be honest theres probably an argument for not taking any trades when the range is beyond 100 pips anyway if the average range is that. There was a double loser today with the buy trade triggered followed by a reverse to get the sell trade in then another reverse to take that out. Total loss of 390 pips
April +402 (please see previous posts for details)
April +307 pips (please see previous posts for details)