Monday, September 7, 2009

Europe session 2009_09_07

Today i long both GBP/USD and GBP/JPY a bit too early as i had to go out for a viewing. Both trades were positives when i was back from the viewing although it has retraced a bit and both ended up break even after i adjusted my SL to my EP level. I entered another long on GBP/USD after it retraced to below my initial EP and i gained 25 pips from the trade. Though the pair moved beyond my initial PT level i set as i closed it manually after running out of patience.

Discipline and patience. Important ingredients in successful trading.

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