If you saw my last blog post, then you know I made a nice 87 pip profit on a USDCHF trade yesterday.  If you missed it you can see it here: USDCHF 87 Pip Trade

Well, Todd talked about the USDCHF currency pair today on his Daily Forex Video inside the Forex Nitty Gritty Insiders website. He was going over the importance of support and resistance areas and how to use them with the Simple Trading Method.

I myself was keeping an eye on this pair after yesterdays move, and he was highlighting the same support area I was looking to get into.

I ended up placing a Long trade and banking another 90 pips in profit!

As you can see… both my Target Prices were hit, the first for 30 pips and the second for 60 pips.  And just like the trade I made yesterday, there was more profit to be had.  But I’m not worried about it because I stuck to my trading rules and made a nice profit.

There is a good lesson to be learned here: Don’t worry about pips you didn’t make, or trades that you missed.  And for that matter, you shouldn’t stress too much over losing trades (unless YOU did something like not follow the rules which resulted in the loss).  If you are following a proven trading program , and keep at it until you get good at recognizing good entry points and managing the trade well, you’ll do fine.

Forex Nitty Gritty and the Simple Trading Method are working and helping me make winning trades.  And that is all I really care about.