The USD/JPY is falling. So for now we do "nothing"
The recent USD/JPY is moving quite strongly in the direction of yen appreciation.
I basicallyonly aim for long positions, so there isn’t much entry points in the current market.
When I see it dropping significantly,
I sometimes think,
“If you were only doing shorts, you could have made quite a lot.”,
But once you start doing both long and short, when the market reverses you can get hit witha back-and-forth beating. In the past I also lost several times because of that.
So now, rather than forcing shorts,I wait until a trend favorable to longs forms again.
If you do both long and short, your chances of winning increase.
But the chances of losing also increase by the same amount.
FX does not require daily entries.
Wait until your strong pattern comes.
Even the time spent doing nothing is part of trading.
For now, I want to stay calm and wait for USD/JPY to return to an upward direction.