To Stand Corrected and Still Make Money

On yesterday's post, I mentioned a possible turn in AUD/JPY, well it never happened, on the other hand the AUD/JPY just powered up another 86 pips above my entry. It was an entry on principle, if just buying pullbacks was all I needed to do, it would seem that scaling in was the right decision and overall my entries average to 85. I found that the colored circle from 7-11 to 7-12 was not a turning point, but another base in a series of higher lows. Every month from one of the bottoms on 5/19 (gain of 468) June 26th (gain of 284) July 10th (gain of 111.5) and on July 12th (gain of 86) they get smaller as the trend ages. I thought I would be talking about protecting this holding with shorts in NZD/JPY and AUD/USD but in time I will have more about the AUD/JPY and NZD/JPY relationship and how to protect against "giving up gains"