For traders of these formations, it's usually the later and on the EURUSD , we have 3 of those advanced formations potentially setting up.
I'll be keeping the 2 bigger formations on my radar, leaving the smaller ones to those day trading the London Session (maybe in my buddy Jason Graystone's Live Room if I dare insert a shameless plug) but we'll see what the markets have in store.
Also it's been a while since I've done this but I've written a blog post talking about drawdowns. As many of you know this mornings GBPUSD winner knocked me out of a funk so hopefully this post will open your eyes a little to how professional traders deal with drawdowns, because guess what WE GO THROUGH THEM TOO.
Here's the link
"A Lesson from Pain" http://tradeempowered.com/the-lesson-from-pain/
Chief Currency Analyst & Head Trading Coach
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