Well, it’s been 3 week since I’ve been in a Forex trade in a market that I at least find one trade a week. It’s not that things had not set up properly but quite the contrary, the only problem as for the last 2 of the 3 weeks are my potential trades had triggered on a Thursday Vs. Wednesday and of course they went nicely to profit. My only requirement is that I must be in the play by Midnight Wednesday because my plan does not allow me to hold positions over the weekend for fear of a black swan gap, etc. Anyway, I was looking at a few pairs that were setting up and I went with the one that was at my buy area first and that was GBPJPY. I had my orders starting at $177.82 at the 50% fib level which triggered late yesterday evening. It did not take long but overnight price had went to my 120 pip take profit target for the week… Wow! They don’t always get to the target this fast…
