Thursday, March 12, 2009

GBP/USD- couldn't resist!

Said to myself that I was done with trading for the next 8 hours (so I can sleep!) jumped out of bed "just to check" what was going on with GBP, having noticed it forming the second pullback of a potential momo reversal into hourly resistance. The scenario played itself out and had triggered moments before I had the chart up on the screen.

Stuck to my rules regarding trading whilst tired and paper traded the setup- just to mark the setup in my mind and for a little decision making practice. Besides, had I have been ready to trade live, I'd have passed as the optimal entry point had gone. Entry 1.38980 Exit 1.38810, Entry 1.38850 Exit 1.38670.

Now I'm definately going to bed!

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