Friday, 24 June 2016

ABC - Always Be Charting

What a crazy day for the Pound!   There is nothing like making 500 pips within minutes or even seconds.  Thank you Brexit :)  One can get caught up in the volatility and be distracted by all the noise.   Maybe not right away but give it 10, 20, 30 minutes, and if you aren't careful you can lose oversight.

Don't forget your ABC's!

Always Be Charting...  when you are waiting for a setup, as you're monitoring a trade, ever so often, review your charts from lowest to highest time frame,  look for Fibonacci's on news events, big moves, and be sure to check your support, resistance, and trendlines across multiple time frames and redraw where necessary.  You always want to stay on top of current market conditions and setups, so don't let all the noise distract you, stay on top of your game and keep on pipping!

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