British Pound / Japanese Yen forum
GOLD Using Stop Loss (SL) and Take Profit (TP) is very important in trading. Here’s what they do:---
Stop Loss (SL):
What it does: Limits how much you can lose in a trade.
How to use: Set it at a level where, if the market moves against you, your trade closes automatically.
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Take Profit (TP):
What it does: Locks in your profit when the market reaches your target.
How to use: Set it at the price where you want to close the trade and take your profit.
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Why Use SL and TP?
1. Protect your money: SL saves you from big losses.
2. Lock profits: TP helps you secure your gains.
3. Stay disciplined: You don’t have to make emotional decisions during trades.
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Always use SL and TP in every trade to manage risk and trade like a professional!
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GBPJPY That's it for this week. Happy weekend everyone
GBPJPY Are you still in doubt, run more than 300Pips from entriestradingview.com/x/tnNQGAgB
GJ is full time swing bullish, don't listen to anyone
GBPJPY Short now TP 193.600
GBPJPY any more big moves?
GBPJPY GJ can be bearish any time … watch out
GBPJPY given up on looking for sells against the JPY
GBPJPY where are those bearish on gj??
GBPJPY lol what did I say, sells from news was over,back to uptrend