Patience. Simplicity. Discipline. The most important factors, yet the most difficult to grasp for most Forex traders. As a young trader who has experienced great losses as well great gains my journey has led me to this point. 1 TRADE. 1 PAIR. 1 STRATEGY. Once a day. [Posts will be made daily between 9pm-12am PST/ 12am-3am EST with the exception of most holidays]
Wednesday, September 29, 2010
FOREX DOJO TRADE # 18 (actually a continuation of # 17)
Tonight I will not place any new trades unless I take a profit or loss in the next couple hours from yesterday's trade. We came pretty close to being stopped out but the 132.00 handle is proving to be tough to break. I see that the charts are looking pretty constructive and next resistance lies in the 132.60-132.80 zone so I'l keep my trade open and will check in every hour or so until my bedtime.
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