As you know (if we have spoken) I am about to start my new trading year. ready to (hopefully) achieve my targets of 25% profits per month (although this may not always happens!)
consistency and discipline is important in trading and even more if you are a home trader with a small capital. But Punctuality is even more important!! be there where you have to be in time means that you wont miss opportunities.
and to be punctual you need to have done your homework! which is precisely what I have done this weekend (3 days before new year starts!!! yayy)
Now is time to plan out for the new year so the 1st analysis is ready and although I am a bit rusty! (been only following news quite far...) I am pretty happy with this one.
so... we have a more or less clear up trending channel and the idea is to trade it until it breaks. Simple!
I will be watching for reversal candles within the top and bottom of this channel, I will also be watching for ruptures of this channel and how strong this happens.
so, stay with me (if you want!) and lets discuss the picture of the #EURUSD $EURUSD over the next year!