Dollar/yen plummets, really glad I didn’t enter. Rebound long on RCI
Yesterday, August 19, the USD/JPY fell quite sharply.
If I had entered during that drop, I think it would have been a very scary development. I'm really glad I wasn't holding a position this time.
And today, at the point it fellRCI long signalappeared, so I tried going long.
However, since it had just plummeted, I'm still a little scared.
This time, rather than “hitting the bottom,”
RCI turns up from the bottom
check whether it stops making new lows
if it breaks the recent low, cut losses
don't chase too much of a rebound
I'm watching around this area.
Do not jump in during the plunge; wait for the signal to appear.
Gradually, I feel I’m able to enter more calmly than before.