Sometimes doing nothing is the hardest thing to do

Hello,

did you see the latest episode of Game Of Thrones (S07E06)? I liked it very much. One particular thing that Tyrion said there fit perfectly for my today’s trading. He said “Sometimes doing nothing is the hardest thing to do“. He was so right!

Members of my course already know what I am talking about, right guys? 🙂

Yes, it is today’s 5 hour trade on the USD/CAD. Here it is:

USD/CAD 1.2599 SHORT

Sometimes I get a question if trades that last longer have lower winning probability than the quick ones. In my experience they don’t. I think that the chances are pretty much the same. For that reason I hold my positions no matter what until my PT or SL is reached.

I know it is hard to stick to an intraday trade for hours, especially for novice traders. Tyrion was right “Sometimes doing nothing is the hardest thing to do“. However, doing nothing definitely paid off today. I held my position for all those long 5 hours and ended up with nice +10 pip profit.

EUR/USD 1.1824 SHORT

Another trade I am pretty proud about. The reason is that this level was 8 days old (pretty old for an intraday level) and there was quite a strong counter move against it. Yes, scary 🙂

Still, reaction was quick and precise. Another +10 pips profit for me today.

All in all +20 pips profit today. Another good day at the office!

Happy trading guys!

-Dale

PS. If you would like to trade with me every day, you are very welcome to join me here: Dale’s Pro Forex Course

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