STICK TO EXIT/PROFIT TARGETS AS SOON AS IT HITS TARGET CLOSE THE TRADE NO HESITATION

STICK TO THE PLAN LET THE TRADE RUN


EMOTIONAL CAPITAL TAKES MONTHS TO BUILD AND SECONDS TO LOSE PRESERVATION IS PARAMOUNT




THERE WILL BE NO SETUP THAT TELLS YOU EXACTLY WHAT TO DO - USE YOUR INTUITION




Friday, 18 May 2012

18th May Trading

1st Trade RR of trendline with trend lost 9 points exit was good took the loss read the PA looking back shouldn't have taken the trade did not look so bearish on 3m but on 5m spoos 2 very bearish candles should not have traded against them I have said that before need to learn.  It was also a C/T move so got out quick

Important look at the bigger structure of the day and how it is building not just a couple of hours!

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