Short

Patience before execution

By dchua1969

Updated

You can see that USDJPY is engaged in an ascending channel pattern and this can last for a while before it breakdown. So, if you want to short, you got to be patient for this pattern to play out till the end. Any attempt to execute prematurely will not only tie up your capital but also affect your mood swing of seeing your paper profits turn loss turn profits, a volatile move. Unless you are able to capture the short term moves of up and down within the channel skilfully, I suggest being patient like a fisherman and wait out.

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faster than i thought.

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praise lord. Thank you Lord for the gift.

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the bearish trend is intact. we are adding shorts and expect the price to continue to fall , first target 108 and 2nd target 107 level.

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praise the lord. handsome profits for all

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over 300 pips profit, praise the lord for his abundant blessing!

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will be looking for 2nd chance to re-enter my shorts later. update soon

dchua1969

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