Another good trade using The Grail. trading is much easier when you stick with a system, when you have confidence in a system. This, I think, is the difference between success and failure. Stick to your rules, follow your system, whatever it may be. I don't believe the system makes the trader, rather the trader makes the system. A good system is useless if the trader can't stick to the rules. A good system is useless if the trader doesn't follow sound money management. To be a success one must stick to the rules and follow good money management rules. It really is that simple. On to the trades:
AUD/JPY: 1st lot hit 93.75 (+30), moved s/l to 94.00. 2nd lot was stopped out for +5. Total on this trade +35. I'll take it.
New trade: EUR/AUD short@1.6736, s/l@ 1.6840, 1st tgt pt. 1.6775, will then move s/l to 1.6720 with tgt pt. @ 1.6615.
I will discuss more on the stop/loss and target points soon. Keep checking back.
Tuesday, February 13, 2007
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