The question may arise when it comes to forex, does value investing work? I shall say yes, and in fact my performance has been better using this method.
I entered GBP/JPY long at 174.10 this evening based on this principle. No candles or price action but a little bit of support and resistance to confirm the entry.
Made solid gains in a few hours. I have closed it at the time of this post. Unfortunately, it was 10 pips lower than the current price now. Still a gain is a gain and I always have to remind myself of the bird in hand theory.
No comments:
Post a Comment