What's going on with USDJPY?

Trading Discussion Currencies
1

BullishtrendUSDJPYOct3rd
BullishtrendUSDJPYOct3rd1366×600 28 KB

As you can see from the pic above (the red square), I got in around 110.688… made some nice pips… saw that it was retracing, placed a stop loss and got out around 111.082. But I saw that it kept going up. I got in and out a couple times, each time thinking it was going to turn around and drop, but being proven wrong each time. I’m beating myself up over not leaving it alone… I would have been some nice profits! This is just a demo account, but still…

Not sure if there was any way I would have known… any tips on how to trade a trending channel like this in the future?

2

There’s your first problem. I’ve learned the hard way, too, that it doesn’t matter what you are thinking.
It’s in an uptrend; you should be buying on dips, not shorting all the way up.

3

Someone doesn’t like a challenge

4

Too old…