My GBP/JPY trade is under water today by 80-100 pips. Thats ok since I risked the 200 pips in stop loss from profits i made from several of my last trades. This pair is in a nasty sideways chop and has been for a week. This chop though is not like the USD or CAD chop as this pair's chop can whip stops out like eating up breakfast cereal. I will let it ride and if I lose a few pips it's not a big deal. I hate losing pips but hate is an emotion and I'm trying to be more positive towards the bears in my neck of the woods.Weekend gap will likely take me out I'm suspecting. If it does There will be a new low to enter into.
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