SNAP BACK

Don't take the market for Granted:

Britain didn't raise interest rates and the ECB have cut the Euro return.

I thought this was the drop to come, it took a while, but then it eventually started falling on bigger volume.
I went to bed feeling good about the trade then woke this morning to see the gains reversed.

We are still in the trade and I have no reason yet to question the 1.5710 target.

Manage risk, put stop losses strategically and make your profit targets bigger than your Stop Loss levels.

Of course, strategic trade decisions are key and I find the weekly chart best for finding highly profitable swing trade positions and targets.

Stop loss placed at 1.6124 so we are still in play (on both core position and re-entry).

Next, I will chat briefly about emotions in Forex. It's not ALL about strategy but about managing risk and not being greedy.
Poor risk management and greed (or the desire to make a fortune too quickly) brings more traders undone than anything else.

Until next time, take care and enjoy this sunshine.

ForexFitness...