Hi, during the members live session on Tuesday (recording below), we looked at the possible breakout trades that were lining up.
On Wednesday I looked at which ones take & on Thursday how to manage them.
Many members emailed to say that they enjoyed their biggest wins ever!
Check out all 3 posts.
This shows you how to plan your trades in advance. When to take them (don’t jump in) and then how to take or protect profits once the move starts.
This the recording of the live session where price looked as though it was going to break out on numerous pairs. It was very tempting to jump in, especially the Cad.
I cautioned about being patient and disciplined. That we should wait for the daily candles to close before jumping in. On this occasion, getting in early would have worked on all the majors BUT in the last 6 weeks, you would have lost 6 times on the Cad alone.
It’s frustrating, especially when price was ranging on many pairs for weeks. However, it comes back to the old patience and discipline. Wait for the daily candle to close THEN look for a pullback.
New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.
We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
For more up to the minute, updates do not forget to drop by in the members only forum.
Watch the video for more detailed explanations of this week’s detailed analysis and trade plan.
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