Looking at the USDJPY today, I've recently closed my long position
I took yesterday. I had a couple of things lining up that made the
current Trade invalid.
Yes, you are absolutely right in the way that you're thinking. This
Trade could potentially explode to the upside and hit, what could
have been, Target 1 and Target 2. But I do not want to get caught
in the bind of woulda coulda shoulda in my Trading.
I have closed my current Trade because my analysis has become invalid.
What the market does from here on out is none of my concern with
the previous Trade that I took.
Let's keep it simple to follow with the IF = THEN Syntax.
IF = CLOSED TRADE
THEN = LOOK FOR ONE GOOD TRADE
Meaning that, once the Trade has been closed, we wipe that from our
Hard drive we like to call, the mind.
Now I'm looking for my next opportunity on this pair with a long position
to the upside with a TCT, or a short position with a sell @ 113.450 Bat.
Thank you for your time in reading my thought process on this pair.
Be safe, enjoy life,
TRADE: TCT +
NOTE: These are potential Trade opportunities based
on my own personal Analysis.