Saved by the Yen

I cannot tell you how hard it was to get back on the horse today, but when GBPJPY reversed off 4H overead support it seemed like the perfect opportunity.


I shorted this pair when it broke the steepest support trend line and then sweated (profusely) as it see-sawed about my entry, for the next few hours.

When it eventually came around to my way of thinking I entered a second position, when the 5m closed below the 144 ema, and then held my breath ( and hosted friends for dinner) ...

As you can see (... well, actually, you would need to see this chart on a larger time frame to be able to see) I cashed out when the Pair fell to its next support level.

This may seem a little timid (in that the pair ought to fall to at least the 1H 62 ema), but given my earlier f**k up, and mindful that tomorrow is Friday (see earlier rules), I will enjoy my sleep tonight, safe in the knowledge that I have unwound the damage done to my bottom line; the account ends the week as it started...

... and I've achieved this with a big, big lesson learned.

In sum, I am well happy.

Goodnight.