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radeStation Chart Analysis -USDJPY Daily

USDJPY - Daily FOREX    B=114.24 A=114.27    Hi=114.79 Lo=114.15

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lets discuss some oin bars. i want to point out why its important to take some partial profit and or keep losses smali if it dont pan out. sooner or later a pin will likely form and tum into a large win but until that happens we must allow our pin daytrades to giue us some profit and get out if it turns against us. pin 1 neuer triggered. pin 1 neuer triggered. pin 2 neuer triggered. pin 3 triggered long on the second bar out went 10 pips and then reuersed. its a loss no matter how you cut it. but here is my point, if you go looking at these bars this scenario especially in areas where this one was are rare. they

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will usually giue you a decent profit and many times giue you a great one. so dont let them tum into large losses. pin 4 is another great example. it went about 30 pips profit and reuersed 112.00 take some partial profit and lock it in, then see if we get a sustained large moue. many times we will and it will morę than make up for smali losses IF we keep them smali, in fact after playing them as long as i haue euen if you do take a large loss they are reliable enough to ouercome eeuen those easily when you get good at it.

b	5	12	19	26	06	9	16

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