Being prepared and having a routine in the morning is making all the difference to my trading performance at the moment. Or at least that is how I feel about it. From 05:45 -> 06:45 I have gotten myself into a fixed routine which includes walking the dog, getting dressed (can’t work in PJ’s) and then spending 15mins conducting a systematic assessment of the market looking at what Currency looks to be weak or strong.
Today was an exceptionally hi trading day as 6 out of 10 currency pairs met my setup conditions before 07:00. I took them all on with 3 going to their 1% target, 1 closed at 90% of target, 1 at Breakeven and 1 for a small loss. Which gave me 87pips (3.0%) for the mornings work, which I am very pleased about. I could have improved this further by letting the EURJPY and GBPJPY crosses continue past my target as the move ws so strong and taken an additional 2% from the market; but I really don’t have a problem when I have taken what I set out to take and not been greedy. As we say in horse racing circles – the JPY trades today “ran on”.
I have posted the 30pip trade on GBPJPY
Good luck trading