Today was suppose to be one of my trading day due to the high impact news announcement, however, price didn't go as I wanted to be. I decided to stay sidelined for long ride because there weren't any single signal to ride long. So both of these pairs (EU & GU) goes even more to the southern side, which were already giving negative signal to get long.
The only signal forming now is GBPCHF and USDJPY has already gave a signal to go short but I didn't take it because I wasn't watching it live. I guess it is too late to take it now.
The fact I love trading in a big day like today is pocketing some pips into my account. I could go short or long depends on the situation of the market. But the fact is, both of these pairs didn't give me any signal to go long or short.
Being discipline and patience are important in this market. Avoid bad trades, do not watch the market too long which could push you to take a bad trade and get yourself a big headache (just like GBPJPY trade I took last August made me loss some pips), keep yourself healthy, and
Happy hunting :)
Thursday, September 4, 2008
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