A reminder for when trading seems overwhelming.

Whenever I hit a drawdown period, which happens less and less often, by the way, I always revert back to basics. This video by Andrew Hwerdine is still my favourite.  Why? Because it reminds me how simple trading can be, and also that entering on lower timeframes is really only about improving risk to reward, even though the trade setup remains the same.

I hope that this inspires you as much as it does me.

Adam

Recommended event: Trade With Precision meets in London

Hi everyone,

Trade With Precision, founded by Nick McDonald, is one of the finest trading educational providers I’ve come across. They’re hosting a purely social event, no selling, just a gathering of good traders. I recommend you consider going. I will be there (with bells on), so please find the time to come and say hello!

If you want to go, here is a quote from the email I received, and the link to register to attend:

 

unnamed

Dear Adam,

Just to let you know that Nick McDonald will be in London in September 2014 and since it has been too long between drinks, we are proposing a Trade with Precision Traders Social in London for our UK clients. This will be on 24th September 2014, in the early evening. Drinks are on us!

Please note there is no speaker and no formal agenda for this event, it is a purely social occasion and a chance to mix and mingle with other traders.

We would like to ascertain the approximate number of clients that will attend so we can arrange a suitable venue in central London.

Please could you register here if you will be able to make a drinks evening on 24th September in London and we will be back to you very shortly with more details including the venue.

We really hope you can make it! It will be a great opportunity to meet some fellow traders and for Nick McDonald, Simon Clarke and our UK based team to catch up with you!

Kind regards

The TWP Team

 

The registration link:

http://www.tradewithprecision.com/sites/all/modules/civicrm/extern/url.php?u=4823&qid=6825528

AUDUSD Sell EOD trade setup – please evaluate yourself

This trade setup is a trend-continuation short. I’ll be waiting for the bar to close and place my order Sunday night, after the market opens. My target is the next key level- 0.9208

 

audusddaily_shortsetup