Hi all,
Just a quick post to show the current GBP/JPY trade we are in. Looking back on the chart this trade came at a time when the yen had been showing a lot of weakness while the pound had acting pretty strong versus all other currencies. To be honest if I traded off of emotions I would have been looking to go long in all of that excitement.
This one trade which has already taken profit at +241 pips and is close to taking another profit at +481 pips only happened from following my trading plan and taking the emotion out of trading. Price action alone is the way to trade – leave your emotions at the door.
Here is a look at how the trade is developing. A free trade with profit locked in and lots of profit already taken.
