Hello Traders
Even though orders quality is limited in the contest and we get penalised for moving our stops and take profit, it remains imperative to move take profits for more and stops to break even.
The old adage "keep your stops tight and let your profits run" is truly the difference between success and failure.
Always remember there can never be and will never be a better deal than a risk free trade, and this is only possible in the Forex. Free money can and does happen - but that can only happen once you have moved your stop to breakeven and now believe in your trade and let it run.
Huge profits are available to the emotionally intelligent souls, that is a well planned route or road map brings calm and peace, I mean have you ever driven without navigation in an area you do not know, and could you imagine sailing the seas without a compass.
Waiting for the next great opportunity is what makes trading beautiful and worthwhile, after all nobody really respects gamblers, do they?
Great Trades on the up and up of December:
1. AUDNZD 600 PiP rally
2. AUDJPY 800 PiP rally
I'm already in on the AUDJPY for 1.5M and plan to close and get in for more while moving stops to break even. I will be getting in on AUDNZD tonight for full 5Million (GDP q/q) and will take the ride all the way to the top of the current monthly bearish candle
""- If you look at this pair do you think the market is going to allow a monthly high here.. mmh room for thought.
Remember the bulls now want to create a floor of support on the monthly at the end of this month for AUDNZD - so now is a great time to be buying.""
If the market provides risk free oppurtunities. I say take them. Nothing to lose when stops are on break even and everything to gain.
The well prepared soul will prosper.
Have a super trading day !!
Giorgio
Even though orders quality is limited in the contest and we get penalised for moving our stops and take profit, it remains imperative to move take profits for more and stops to break even.
The old adage "keep your stops tight and let your profits run" is truly the difference between success and failure.
Always remember there can never be and will never be a better deal than a risk free trade, and this is only possible in the Forex. Free money can and does happen - but that can only happen once you have moved your stop to breakeven and now believe in your trade and let it run.
Huge profits are available to the emotionally intelligent souls, that is a well planned route or road map brings calm and peace, I mean have you ever driven without navigation in an area you do not know, and could you imagine sailing the seas without a compass.
Waiting for the next great opportunity is what makes trading beautiful and worthwhile, after all nobody really respects gamblers, do they?
Great Trades on the up and up of December:
1. AUDNZD 600 PiP rally
2. AUDJPY 800 PiP rally
I'm already in on the AUDJPY for 1.5M and plan to close and get in for more while moving stops to break even. I will be getting in on AUDNZD tonight for full 5Million (GDP q/q) and will take the ride all the way to the top of the current monthly bearish candle
""- If you look at this pair do you think the market is going to allow a monthly high here.. mmh room for thought.
Remember the bulls now want to create a floor of support on the monthly at the end of this month for AUDNZD - so now is a great time to be buying.""If the market provides risk free oppurtunities. I say take them. Nothing to lose when stops are on break even and everything to gain.
The well prepared soul will prosper.
Have a super trading day !!
Giorgio
