Live Day Trading Session - Adjusting to Volatility
Posted by on Wednesday, November 12th, 2008 at 11:15 pmOverall today we had a good day at the LIVE Trading session. We missed a couple of beautiful trades on the GBP/USD and USD/JPY where we could have made over 150 pips, but I was able to get over it and move on - ending the day up 44 pips.
I trade strictly using my FX Fusion day trading strategy. In today’s market, you have to know how to adjust to the volatility. Since I’m an active trader I trade multiple times per day. For this reason, I’m very cautious and disciplined about when to take profits.
The following two trades happened back to back. My criteria to buy were met, so I went long at 1.2487 and took profits at 1.2507 - for a 20-pip profit. A few minutes later, my criteria to Sell were met, so I went short at 1.2539 and took profits at 1.2515; for +24 pips.
If you’re serious about learning how to become a better day trader, feel free to join us at our next Free Forex Webinar. During the webinar, you’ll find out how to get access to our live Day Trading Room.


