Forex trade du jour & review

August 8, 2007 – 11:39 pm

Finally we see a breakout of Aussie dollar. I was long since yesterday, but was stopped out. I entered another long position today after the release of the much expected interest rate raise.

I went short on USD/CAD since yesterday and held overnight. Though both Aussie and looney trades are winning trades, I grade my own performance rather poor. I lost my patience to hold on winner. (Good old problem again). The fear of losing profit affects my performance and limits my profit. This is something that needs to be overcome.

From the desk of Tradergav.com


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