Hi,

So far, since beginning of the month my most successful trade was going long GBP/JPY. Actually this past week the market give me the chance to enter twice and being able to boost my account equity. The reasons behind this trade is nothing complicated, I was expecting a bounce from a key area of support and since the sentiment is so extreme against the Yen crosses a bounce was in the cards.


Figure 1: GBP/JPY 30M Chart


My timing was spot on and that was very important for this trade to succeed because the volatility and the daily ranges are very high it could have easily turned against me and instead of having a winner it could turn into a loser.

Best Regards,
Daytrader21
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