Well folks, another choppy day today. Not getting the movement in the ranges that I like to see. Consolidations are happening quick and the moves are small. I'm still kicking myself about that Cable trade earlier. I need to learn to be happy and take 20 pips. I was almost sure it wasn't going to make the break under 1.51, and I was right. I figured break even was fine, and I do that too often. If I'd take those 15-30 pip moves more often, I'd have banked a bunch more pips! Forex Traders, especially us that do it for a living, have to keep retooling our trade plans. The main thing is to swallow our pride and admit when we do dumb things! LOL!
Profit = profit = profit
Going into this next hour is when the London market starts to make larger moves. So watch close. No big news events today until NY. PPI and some other stuff coming out for the Dollar. EUR looks like it wants to break 1.36, and if it does, could make a 40-80 pip move.
GBPJPY hovering near the 144.50 area and not showing anything that grabs my attention. Won't have my interest until it wants to break 144 or 145.