GBP/JPY was in a oversold condition today. Moved out of oversold and is on its way up.
I am up 60 pips and counting. This is going to be one nice easy trade.
I've decided to refine my trading strategy a bit a stop scalping. I believe scalping will not work in the long term and may actually cost me my entire account. I refuse to do it anymore. Its too risky.
Read my post on scalping.
Thursday, November 13, 2008
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