Take USD/JPY. It’s easy to say we’ll buy on dips at when a price is 300 pips away but what happens when we get close to the target?
I would like to hear your thoughts about whether your psychology changes as you approach big levels. I want to know if you get psyched out of trades when your target approaches?
No matter what strategy I have for short or long term prices I always look at each trade for it’s merits at the time. How about you?
Do you blindly stick to your plan or do you read the market there and then?
