Today's session seemed to go pretty quick which is usually a pretty good indicator that it was a good day. I actually started the session a few minutes early to be sure that we had a chance to get involved in a good opportunity on a GBPUSD setup. I won't go into details about why we entered the trade but it ended up being a two target winner totaling 63pips. Unfortunately only half of the class got filled on the order due to the spread. Myself being one of those. Would I have liked to be involved in that trade...yes. However, it didn't bother me for two reasons. First of all, I'm fully aware that the market will give me many more good opportunities to trade, and secondly, I know that I made a good call. Now you've probably heard me say before that one of the worst feelings a trader can have is making a good call and not being involved. But that saying is more directed towards a person being scared to enter and hesitating, not so much for those that placed an order and simply didn't get filled.
As the markets moved throughout the NYC/Euro session we had a lot of potential patterns set up, but none of them met my rules for entry. In hindsight this was probably good thing because a few pairs blew right through the predicted reversal zones. But hey, that's why we have rules.
As the markets moved throughout the NYC/Euro session we had a lot of potential patterns set up, but none of them met my rules for entry. In hindsight this was probably good thing because a few pairs blew right through the predicted reversal zones. But hey, that's why we have rules.
Other than that we watched our EURJPY trade from yesterday retrace to a more comfortable level, and I personally took a position on the USDCHF before the room opened which a few people hopped on as well. Most importantly people involved in the room are saying that they have really been enjoying themselves. I don't know if its because we're making money, or it's because their learning/mastering there craft, or it could be the fact that I gave out money everytime somebody gave praise to the Pro Trader Course. lol I didn't really give out money but I kept ringing the register, (you had to be there to understand how funny it was). The point is we're having a good time and I'm liking this a lot more than trading by myself everyday. I'll see you guys tomorrow!
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