Funny how this market can always bite you unexpectedly
There is no such thing as a safe trade and you’d think that after 26 years in the market that would be deeply ingrained in my mind. Nevertheless we all get complacent from time to time and then the market reacts in a way that we had absolutely not bargained for. If you’d asked me a few hours ago whether there was any chance of the Yen crosses moving 70/80 pips higher I’d have said less than 2%. Just another reminder that we always need to treat each and every trade with total care and if we don’t understand what’s happening, then put an affordable stop on the trade and start again.