EURUSD Post Market Analysis from Fridays Trade.
The BAT pattern completion enabled me to get involved with the short trade published earlier this week.
With Non Farm payroll coming out on Friday, I always adjust my orders by 10 pips so that there is a better chance of getting filled and avoiding slippage during extremely high volatility
.
Im now out of this trade for 105 pips which is nice but Fridays close saw price action push back up to the previous structure level at 1.9193.
Ill be paying attention to where the market opens tonight during my analysis.
The great thing about technical analysis is that the chart tells you what is happening therefore you can actively adapt your trading as the market unfolds instead of trying to second guess participants reactions to news events.
The "IF>THEN" thought process allows me to understand that I do not emotionally decide what a good trading opportunity is, my detailed trade plan which has been back tested, repeated and verified does.
For all my live trading room clients, I look forward to seeing you in the room on Tuesday morning 8AM to 11AM.
www.tradeempowered.co.uk
Good luck in the markets this week.
With Non Farm payroll coming out on Friday, I always adjust my orders by 10 pips so that there is a better chance of getting filled and avoiding slippage during extremely high volatility
.
Im now out of this trade for 105 pips which is nice but Fridays close saw price action push back up to the previous structure level at 1.9193.
Ill be paying attention to where the market opens tonight during my analysis.
The great thing about technical analysis is that the chart tells you what is happening therefore you can actively adapt your trading as the market unfolds instead of trying to second guess participants reactions to news events.
The "IF>THEN" thought process allows me to understand that I do not emotionally decide what a good trading opportunity is, my detailed trade plan which has been back tested, repeated and verified does.
For all my live trading room clients, I look forward to seeing you in the room on Tuesday morning 8AM to 11AM.
www.tradeempowered.co.uk
Good luck in the markets this week.