Marathon Trading Day
Trading from 11:00pm CST- 10:00am CST
Trading Pair: GBPUSD
Opening ImpressionsThe GBPUSD has been in a downtrend, but appears to be range bound. The market action is a bit confusing. Solution? Focus and follow the indicators like a airplane pilot that does not have visual confirmation.
I hate trading the GBPUSD, and for good reason. That is the one pair that absolutely kills me.
For the entire day, the GBPUSD just ranged... and ranged... and ranged.... until finally, around noon, it finally trended, and I was able to capture a some serious pips, but not before mauling my account. I lost over 10%. That is a HUGE loss to absorb, but I am not defeated or disturbed. It just means I will need to work a little harder and smarter to get the pips back to where they need to be.
I am Marathon Trading all this week from 11:00pm CST to at least Noon the next trading day. Let's see what the rest of this week brings.
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