Posted by: joetradingplace | March 24, 2015

Trading Well

Sideways rangy price action is the most difficult time for a trader especially a trend follower. Looking at most of the markets i trade, they are all in consolidation or  moving sideways, this is the time that your patience is tested. I currently have a few trades that are still in profit…still short eurusd, eurjpy, gbpjpy and gbpaud from few weeks ago. I haven’t taken any new trades, but cable is setting up for a buy (will update with chart). I feel i am doing well and trading well because as a trend trader the current price action is where we usually have small losses…but fingers crossed i haven’t had a loss. I strive to improve my trading every time like every other successful trader…trading is a journey not a destination. When you are in the 5% group of successful traders…you still have to work extra hard to get into the 4% then 3% and so on.

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