Hi guys, it’s been an eventful, but profitable week. Trade setups I covered in the live session, especially on the $Yen and AudCad worked again.
I missed by a pip a pre-planned Cad long that’s gone around 200 pips so far. If you are new, welcome to forex trading 🙁
I show in the video a potential 10-bagger (1:10 risk reward).
I also cover the topic of moving stops on open trades nearer to my entry to reduce risk. Sometimes moving all the way to entry too soon leads to being taken out. This way it leaves a little breathing room but significantly reduces my open risk.
You should master this as we discussed reviewing James’ results earlier in the live session too. It can make a substantial difference in reducing losses and thereby increasing profitability.
Here is my catch up video: