Ichimoku Currency CADJPY Forex Trade Exit 5-7-10

CADJPY got caught up in the “black swan” event yesterday.   Yesterday is exactly why you have stops for events that YOU CAN NOT CONTROL OR PREDICT.    No one really knows the reason for what happened yesteray.  What is Greece?  What is the terrorist attacks?   What is a trader pressing a wrong key?  Who knows and really who cares.  What you going to do knowing that piece of information.   Nothing…move on…..
We will wait till next week and start to look at trades again.
 
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About the Author Manesh Patel