I see now that I have made a mistake trading Gbp/Usd

I don't know how I could have missed it, but I bet on a Gbp rise today;
there is never one way to a data release though:

In this case BOE's Carney refused to put a date on a Gbp rate hike and the pound tumbled

Herin lies the judgement mistake that I made:
why bet on one way: I had already bought Gbp on its initial move up last night,
only to get stopped out just below 1.68 again

I should have put in buy and sell stops both ways,
because the move down is substantial - I could have made some pips

it reminds me again that this is no betting game - pips are aquired reading the technicals and fundamentals of a pair correctly
not on data releases - these are the cherries on the cake if you get them right

Anyway - I see that Usd/Jpy has gained some more ground
and have decided to go long Nzd/Jpy:
because of the lower margin requirements on this pair I was able to buy 5 million;

Nzd/Jpy has the potential to gain ground if Usd/Jpy moves up above 103,
with support now building up at 0.86 for this pair
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –