I want to continue with my trades long JPY.
I want to place these trades (a few short pips underneath current price action) in currency pairs such as EUR/JPY and GBP/JPY. I want to get short NZD/JPY as well AUD/JPY not to mention CAD/JPY. I want to push a bunch of buttons. I want to enter a bunch of orders. I want to do it right this second! Right here! Right now! My god let’s do it! Do it! DO IT!
But no……….I can’t.
I’ve got patience. I’ve got trade rules. I’ve got plans.
I’ve got millions of trade opportunities in front of me, and a lifetime of trades – lying in wait.
Most importantly of all. I’ve got discipline.
I’ll sit tight here a while longer and see how things shape up come London open. Frankly, I’m not satisfied with this correction in Nikkei and JPY and still feel there is further downside in risk. I still have reservations about taking positions of any reasonable size so will stick to my guns….and stay on the sidelines.