Learning from mistakes

Learning when to stay out of the market is extremely important...and just as important as being profitable. Learning to trade only according to indicators that you have already determined as crucial to your trading...priceless.

...and useless to me, because I didn't follow the rules. I think I may have worked myself into a trade that will take longer then I want to to get out of. As you can see by my statement, I went long the US/Yen a couple times too much. And ironically, if I had just waited until the pair went down to the 34 EMA (which I just talked about on Thursday!) I wouldn't have to deal with such a large drawdown and potential loss. The trend is up for this pair, I will just have to wait longer.

Also ironic, in a note by Bradley Gareiss of FX360, he placed a short on the pair precisely when I went long...his T2 target is 98.07.

What price level does the 34 EMA I talked about meet the pair? 98.07.