The Nikkei didn't go as far as 16 300 but rebounded on 16 400. If you had placed entry orders before this move, then you have caught some of these pips. Cool.
But what to do now? Wait for more? At the risk of losing some of these floating profits?
Well, as a general rule of thumb you cut your losses ASAP; and you let your profits run as long as possible.
But in this case, volumes are low, ADX is down and the holidays season is around the corner, so even if the Nikkei managed to reach 18 000 in the coming days, the chances that it goes higher are very very low. For me, I'm out.
But what to do now? Wait for more? At the risk of losing some of these floating profits?
Well, as a general rule of thumb you cut your losses ASAP; and you let your profits run as long as possible.
But in this case, volumes are low, ADX is down and the holidays season is around the corner, so even if the Nikkei managed to reach 18 000 in the coming days, the chances that it goes higher are very very low. For me, I'm out.
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