EurJpy - weekly channel resistance

hi KI
i always look for minimum of 3 times my stop loss. If possible 4 times.

with regards to stop loss . I tend to give myself a wider stop loss as have been bailed out to much when i go for small stop loss but if the level is perfect then small stops can be done.
On currency and indexs i find that a bigger stop loss normally helps over the long term as long as the risk reward is 4 times as much as the stop.
Just some thing i do

remo

gutted
its bounced about 9 pips from my entry.
my long was at 102.06 trend line. Its also near the 200sma at 102.11
This bounced of 102.15.
I do hate this when i get so close yet so far.
oh well.Ill catch this another day.

Please bear in mind trend line entry levels change every day.





dyor
remo

Yep, I've missed this by 10 pips too (should have used the 200MA and 102.12 support as my mark and then added spread).

I've also missed closing my USDJPY short by less than 10 pips and my long order on EURUSD by less than 10 too. Very annoying.

That's trading I guess!