Dynamic Trader Forex Blog FXCPS.co.uk: Life on an Ocean's wave

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBPJPY & GBPNZD : Day chart below.

Good Morning Guys,

I hope you all had a good weekend enjoying the profits of last week. The market has taken a portion back this morning, but that is how the oceans work. At the end of the day we ALL are but a drop in the ocean when you put yourself in comparison versus the Forex markets and I was once told "Anyone can take the rudder when the seas are calm !"

Feeling nautical this morning, must be my Green Beret background, so take this onboard. If you take to the see in a rowing boat, things will be tough but not impossible. If you go in a container ship, you will stand more chance of survival but remember the Titanic was unsinkable !

If you are trading the market with one little trade here and there, then you may make it, but it will be tough going. Like the container ship, how many containers (Trades) have you on board ? Staying within the rules we have mentioned in previous blogs , more trades could provide more profits. If we hit a storm we may lose a container or two but other containers will be filled with pips.

I have currently 23 containers on my ship, filled with 4,000 pips, having added the GBPJPY & GBPNZD recently. I have posted both charts below for you to follow my logic of entry.

On both occassions I have gone with the trend and as usual may have been a bit aggressive.

Please do your own analysis before entering a trade.

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Trade with Passion

John Maher
Forex Analyst