I was reminded today to go with your instinct if it is based on experience as I almost blew a very strong gain in UsdJpy. I am confident those of you who observe my posts recognize how precise I can be, this time fortunately it was not a loss but a sound trimming of the tree of a gain. I remain long UsdJpy into Asia (from pre-US GDP-which was a bit aggressive) but see a horizon for that in the future, not necessarily tonight in the Asian session.
In short, a pullback on the longs was stickier than usual and went the distance. Unless you are taking a position and if you are trading session to session you take the money when your parameters are met and incorporate patience for the market to settle for another shot of the basketball.
