FOREX TRADERS

[kermit42]

I'm with ya. I didn't trade at all today. I had such a great day yesterday I decided to stop there and guarantee I go into the weekend on a high. And I concur with your earlier observation. It's a great feeling to catch a 300 pip move, but you shouldn't ever look for one. If you try, you'll cost yourself a lot of money making bad decisions. Meanwhile, that one awesome 300 pip move is just six nice 50 pip moves, which aren't hard at all to find.

Early yesterday afternoon I noticed the AUD:NZD was oscillating like a wave machine 100 pips back and forth two or three cycles an hour (ran right down the ema-144/ema-169 tunnel). I jumped in about eight times and had about a 600 pip day, 50-70 pips at a time. I could have done many more, but I also would have lost my cool and risked disaster (just as we talked about earlier). This was a freak event you don't see too often, but it didn't leave that tunnel until 10:00 last night.

Not playing the "what if" game is also a good warning. Despite yesterday being one of my best trading days ever, a part of me can't help thinking if I played it perfectly, it could have been a 6,000 pip day, I could buy the missus a new car. But the fact remains, I had a great day. And you don't know till it's over what the possibilities were. You still have to protect yourself.




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VIVA EL MICROCAPITALISMO!!!