Good evening guys…
In tonights video I breakdown my trading day on euro to help you explore the idea of how to “test” the waters when deciding to trade.
I would say that this has saved me many times…
When you are looking to open a trade, you do fall into the trap of putting a bit of size down because ini your mind you believe you have done the analysis and I always say, “all you can do is take the trade”
Probing or “Testing the waters” allows you to trade with no trigger of emotions…
YOu are exploring if you are right with the move, if not, it costs you nothing, and you can change direction and you would be on the momentum of the move…
Try it out…See if it works for you, use small size, test the waters, what is price doing to justify a reason to hold the trade or close it?
Naturally, if you start small and it moves in your favor, you are left with the idea that the retrace will give you the oppoortunity to add to it, with size and it continues…
This is the goal..Get in cheap, load up on the continuation…
I will check in with you all tomorrow morning…
Mad Love
T
