So in this market : the market was flat lining a bit and I wanted to start fresh for this week so I closed my trade in profit of 40 plus pips and now looking at this pair making a higher correction where I will look to sell this pair again .
Points: this pair does move and with the right stop loss and supply and demand strategy along with trading psychology strategy along with money management.
Talking about money management I am culprit for this by over exposure and over leverage so my goal for myself is trade on any trade 1% of my account and max trade only 5 percent of my account with a draw down of 10% of total profits earned from the previous trading week. If I blow more than 10 percent of my profits I will close out of the market and stop trading and do something fun and creative .
Kris
www.mymentortv.com
Points: this pair does move and with the right stop loss and supply and demand strategy along with trading psychology strategy along with money management.
Talking about money management I am culprit for this by over exposure and over leverage so my goal for myself is trade on any trade 1% of my account and max trade only 5 percent of my account with a draw down of 10% of total profits earned from the previous trading week. If I blow more than 10 percent of my profits I will close out of the market and stop trading and do something fun and creative .
Kris
www.mymentortv.com