Reversed Yen trades

16.15 hrs.

I find that any trades I enter in the hour after a major event like NFP often turns out to be bad. Most moves made in the volatile action at that time get completely reversed after a couple of hours. What appeared to be a valid signal becomes a non-signal when the 4hr candle is complete. This is what has happened to my yen trades. I have therefore taken losses and reversed the trades.

Closed USDJPY short at 88.12, for a loss of -28 pips, -6.1%

Closed EURJPY short at 114.96, -55 pips, -10.2%.

Now long as follows:

Long $130/pip USDJPY at 88.12, SL 87.80.

Long $90/pip EURJPY at 114.96, SL 114.40.

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