Yesterday we didn’t find any good trades in our live trading session but today we got 2 – one we recommended to close at 5 pips – the other one to close at either 5 to give us our 10 pip target for the day or wait for 10 – many waited and took 15 pips profit.
Thats the way it goes sometimes – it can be slow or there can be lots of opportunities – in Forex you have to learn to wait for the right setups. Good news is we show people how to set alarms so you don’t have to spend hours looking at charts!
So we also talked about a few things we had picked up and observe to make us better traders moving forward. YES – 93% ISN’T GOOD ENOUGH FOR US!
- We learned the rule of 6 and 4 – you don’t need to know what that means for now other than we look at higher time frames to check the overall trend – it’s like zooming out to get an overall picture.
- We looked at “snaking” – where there is no clear direction showing on one of our indicators called the stochastic.
These are simple things to look at but make the difference between winning 8 out of 10 or 9 out of 10 – profit is always better in our pockets!
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