If I had a pound for every time my buddy Kofi has an issue with IG Index and slippage. Well this morning apparently it was worse than ever, I was in the trade at least 5 seconds before him. I have also told him to get an FXCM Account too.
Well bitching aside, lets get on with the positivity that emanated from GBP/USD this morning. It was so good I don’t suppose Kofi is sat there now complaining too much, he did end the day some 50+ pips up. Not bad and well done mate.
Another friend of ours Toj, asked the question this morning about getting into the GBP/USD Breakout trade before 07:00 UK time. The resounding answer was no. He got in early, at 06:40 ish, only to be stopped out soon after. Which brings me to mentioning Preparation and how important it is to be fully prepared and disciplined? Disciplined not to get in before 07:00.
So now lets have a look at the charts and see where I took my 60+ pips.
So 20 pips up and felt like Kofi I should have had more, for different reasons!
When the pair started to drop again, not long after this first trade, I was confident enough to get in at 16433.2, could have done with being in at 440 however I am not complaining. My exit was 16410.4 for at total of 22.8, (No Limit this time).
Well I was buzzing at this point 42+ pips up before 08:30 and the rest of the day to relax and watch what was happening.
As it says on the chart it wasn’t long before I was in another trade. 10.3 pips this time.
I heard that Gordon Brown had opened his mouth and spouted some rubbish this morning, this was what mad the tumble. Well for me he can open his jowls every morning if I am going to be taking this many pips in a morning, without I might add putting in too much effort.
I did very little for the rest of the morning (listed some Trading Mindset CD’s on eBay).
There was an opportunity to take a further 10 pips this afternoon, which I took without loosing breath. I did see another however I did think that I might be overtrading, and I wanted to protect my 60+ for the day.
All have a good evening/day and I will speak with you again tomorrow.
To your Trading Success.
The Investor Guru
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