The swift move on EUR and GBP at 09:00 BST this morning was a little too rapid for me to get a foot in at a point that would give me an economical stop-loss and thus target. The retraces down, especially on GBPUSD and GBPJPY were almost non-existent so no way in for me. Frustrating, but my time will come knowing that most moves are not that strong and swift.
Just finishing “The Disciplined Trader” by Mark Douglas…..a real slow read but the last chapter is paying of for the persistence. Will stick in a review this week before I head off to South Africa and the World Cup Finals