Tuesday, January 22, 2008

Volatile markets

I entered in gbp/usd long trade because price was acting funny. Eur was falling and gbp was just doing nothing, totally unusual, so I was thinking when eur starts to go up gbp/usd will fly up. It did.

Like I was talking to my friend who is also trader yesterday I have big down days, small up & down days but no big up days. I cut my profits. Certainly I didn't expecting this kind of movement but I'm guilty of not letting my trade run. When I first started trading I would cut my profits when they were 3-7 pips. I just couldn't believe that I have a profit lol. Now it's 10-20. I really got to learn to let them run and change mental concepts that prevent me of doing it.

Gbp/usd +19 +6 pips

forex intraday trading gbp/usd
forex intraday trading gbp/usd
There was some heavy buying in gbp/jpy

forex intraday trading gbp/jpy
forex intraday trading gbp/jpy

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