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Look at this stunning daily trend! There was a clear entry signal on the 12/11/2012 to buy and we would be on 10630 pips profit by now! BUT!!! Would you have been able to sit through this huge dip when the JPY suddenly started strengthening?? Probably not and that is why we have Exit strategies!! Closing trades partially, locking in profit and letting the rest of the trade ride the trend till it is stopped out. Very important is to remember to drag your stop behind you otherwise it defeats the purpose.
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