ForexSpirit

After sending yesterday’s journal entry to Dirk for review he recommends to only buy one dip a day.  That advice goes hand-in-hand with waiting for the drop to exhaust itself out.

Today I had an entry limit hit at the birthday level just above the median boundry.  I was too pre-occupied in getting ready to watch the first game of the World Cup that I missed my chance to exit the trade for a decent profit.  I should have exiled for 30 pips and placed another entry limit at the same birthday level; which would have gotten hit.

After such a big move yesterday there is an increased likelihood that today would be relatively range bound.  These rangebound days are the perfect opportunity to avail of birthday trades.