Pips, Pips and more pips...

I usually don't trade the Asian session especially on Sundays. But, I found a nice setup on the pound and the Euro. They were at the .38 and the .5 Fib retracement leves. The trend has been down for a few days. So, I waited for confirmation and I shorted both of them and the pound moved nicely and I got out with a 35 pip profit. The Euro was slower and I got out with a 16 pip profit. I wanted the let the profits run on the pound as it eventually went all the way to 1.87 to find support whereas I got out around 1.8735. I still haven't learnt the skill of letting my profits run.

Hey, But I'm happy with what I got. There's always tomorrow. So, on the whole I made 51 pips today. This is my second biggest amount of pips earnt in a day. I had made 55 pips last week only to give back most of it the next day. Hopefully, that doesn't happen again tomorrow. This brings my capital to a small profit level. Hopefully I get to go forward from here and not turn back.

After earning so much today, I still wanted to get back in to make more. I was waiting for the pound to break 1.87, so that I could jump back in. But, I wanted to stick to my plan and I closed my trading platform. That was the only way I could control myself not to overtrade.

I live on to fight another day...