John Maher

Better to have tried and failed, than not tried at all.

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Trade without fear.

Good Evening / Morning Dynamic Traders

“Better to have tried and failed, than not tried at all”

Cross = AUD & NZD Daily below  (Courtesy of Advanced Get / E Signal)

Cut your losses and let your winners "Run", how many times have you heard this said ? Do you let your heart strings rule your decisions and not follow your rules ?

If you have followed your rules, got good COE, placed your trade and it goes WRONG...How do you feel ?

You entered the trade with the expectation to win, it never happened .......... How do you feel ?

By having placed your stop, you will have accepted the risk and will cut your losses. Move on,  find another trade and if you get profits let them runnnnnnnnnnnnnnnnnnnnnnnnnnnnnn.

We have been following the NZD & AUD, and are 300 pips up on the AUD and only 30 pips on the NZD, both crosses are currently having a breather and deciding what their next moves will be. As "Trend" traders we have to believe it will be with the "TREND" Both charts have similar traits..........................

NZD

AUD

Continue to master your mind

 

Remember PRICE is your number 1 indicator, Support & Resistance is your second. Keep it simple.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst

www.j9jdm.com

www.thedynamictraders.com