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.
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Thursday, November 11, 2010
FOREX DOJO TRADE # 42
Last night's trade cost 55 pips. Time to let go.
I have sold GBP/JPY around 132.30 with A TP 131.60 and SL 132.85.
I can't give a detailed strategy but will say that the break of 132.50 has a lot to do with it.
P/L RESULTS = + 70 pips.
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