Wednesday 30 July 2008

Market Timing Issue Wednesday

European Session
No. of signal recommendations: 2
End-of-session results: GBP/JPY (-10 pips) and AUD/JPY (-15 pips)
Max potential: 30 pips

I went bottom fishing in the yen-crosses markets today. Despite having the right trade idea, I was not so lucky with the market timing. On hindsight, I should have picked those trades one session later. Despite having the trading plan in place, things were not so straight forward after all.

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