Thursday

Lesson: Ok this morning trades went my way 10 pips after a candle but then they stopped and for 4 candles they messed around 0-10 pips this was a sign the trade didn't develop in my direction and then the news came out good and flipped the trade all the trades pretty much lost -30.

The key was to identify the breakout had failed there wasnt enough volume in it and then we were just playing with a gamble hoping for the news to come out our way. Once that was realised it was time to close the trade for max pips and not a loss.

because remember our stop is 30 pips and gain is 20

So when you'r playing 50-50 with those numbers you WILL LOOSE over time. got it! So close the trade .. a few pips is better then negative pips!