Those who went sold EURJPY on the 21st June took advantage of a great
technical set-up which was dogged by the news (on 29
th), which went
against the trade. However, it as we do not have a crystal ball and have no
idea what the outcome of the latest European dilemma is, our trade management
ensured we protected the against we made in addition to the 1% we risked IN
ADDITION to giving our trade that little bit of room to breathe for that
intra-day volatility.
One way I do this it to trail my stoploss to the high of every second seller
bar (if going short) and below the low of every buyer bar if I'm going long.
It's simple, it's objective and tames order within the chaos of the currency market
where, frankly, anything can happen at any time.
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