Day 2 with GBP/JPY. I'm starting to like this currency pair but it's going to take some nerves of steel. I almost hit my stop loss on the 2nd trade. London open looked kind of flat compared to the crazy drop yesterday.
I'm trying to tame the beast that is GBP/JPY and made a nice gain on my first time trading this pair. I waited for it to break the resistance at 157.50. The price quickly shot up after that point and I wanted to catch the wave.
The 3rd trade was a loss and that wiped out the gains I made with the 1st and 2nd trades. The 4th and 5th trades were decent gains so I ended the day with a profit.
Not a good day today. 4 losses and 1 small gain. Indicators or h-line entries didn't work for me today. I don't know if I should stick it out with C1 or go back to C27.