Posted by: joetradingplace | June 2, 2015

Eurjpy riding the trend

We have been long eurjpy from 128.60 next target approaching now at 139.10, we have just added 6 other positions from 136.00, three targets have been reached, it was a quick move, remaining positions at BE and some locking in 0.5%. When market is trending, take advantage of it, do not relinquish your positions, these big winning trades will easily pay for the small losses. The first rule of trend following is cutting your losses and letting your profits run.

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Screen Shot 2015-06-02 at 19.37.45

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