I went short GBPJPY 161.93 just before the market just dropped and managed to get out before it started to rise for 47 pips. I like these sort of movements... all in less than 10 minutes. I suspect the price action would end lower after this bounce upwards but I don't want to keep any positions open over the weekend.
I felt that I had to put this chart which shows that the GBPJPY did indeed reach the target I mentioned at 15645 and then promptly fell (note the stochastic move below 80)... this should have been my trade if I had followed the rules... it would have been a lovely 95 pips in the bag... this chart will remind me of the missed opportunity and the reason why one needs to stick to the gameplan... As I write, the GBPJPY price is at 15620.. it bounced perfectly off 15645...
When I'm feeling tired, it's quite difficult to trade. I've been doing quite well of late with trading and sports betting and I haven't been inputting everything into the blog. I've noticed that people who own blogs like mine with a target in hand use them to monitor their progress.. I am using mine as a diary tool so I can look back at my trades and learn from past mistakes. I have certainly noticed my trading improving immensely this way to the point where I feel confident that I am indeed suc
