" $ is made by sitting..."

Got 49 pips today , which came with sitting. However, innane as the "advise" may be, it is very true. It is simply believeing in your analysis and approach and letting it unfold. Afterall, by putting a stop , the risk is determined. Initial, broad ranges in the eur and gbp today, what with the economic numbers and rhetoric. Eur looks to be a descending expanding wedge, hitting my 3 targets early U.S time. Would have been nice to be more patient. LOL Gbp looks to have more downside with 1.77 probably threathened soon. Seeing this volatility swings to continue as the market seems still unsettled. Watch to see what longs in eur/gbp will be doing the next few days. There has been what looks like accumulation yesterday and today in early european time.

Volatile day today....

Did my 70 pips today , but left quite a few on the table. Was a bit disconcerted when my demo mt4 chart lost connection for about 15 mins. Fortunately, always have a back-up, so vt trader held up for me. So much for all the "compliants " about vt's connection issues. Rates were wider today with many asian markets on break. Not until London that the spreads came in to reduce slippage. Basically, i look at 2 primary ccys....eur and gbp. Then i have 2 secondary...aud and chf. Did not trust the swing points today as the data was not accurate, market thin from late asian morning to london, so was more careful picking my levels . After locking in the pips, was kinda reluctant to take on the risk as market felt nervous..... what with the economic numbers and financial blow-out ala Lehman. One tip to remember is when market risk expands, look for wider swing points . Also if spreads widen on risk premiums, stand aside. Good opportunities today , so must be more focused and trade the plan . More pips , more fun!