I am now heavily invested into USDJPY. With 4 positions on the pair, I always look out for the nearest resistance to place my stop loss. You don’t want to lose too much when the trend suddenly reverses. Play defensive as one might say.
But it seems pretty good trade so far. I almost got all the bottoms and I’m waiting for the real trend to begin. Capital is up by 17% as of this writing.
By the way, there’s a new forex trading lesson out now. Its worth reading.