Market-makers are currently doing what they always do in the market. They are heavily hunting for STOPS! Price was moved up to my anticipated 147.000 zone. They now needed to take out all the SELLERS and BUYERS by SPIKING the price. If you have placed stop loss orders anywhere around 147.500, you have been kicked out of the market. It is important to be aware of this all the time. Market-makers DO NOT MAKE THEIR INTENTIONS OBVIOUS. They will shake off traders first before BUYING or SELLING.
I have added more SELL positions. USDJPY has to go down hard after the SHAKE OFF.
KNOW WHAT YOU ARE DOING IN THE MARKET. THIS PLACE IS A JUNGLE!!!
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS!!
I have added more SELL positions. USDJPY has to go down hard after the SHAKE OFF.
KNOW WHAT YOU ARE DOING IN THE MARKET. THIS PLACE IS A JUNGLE!!!
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS!!
