Be the Casino

Good evening dynamic traders.
One of my favourite quotes which I think sums up successful trading is
"Be the Casino, not the person pulling the slot machine"
One of the main elements to successful trading is consistency. Making sure you have an edge (confluece of events) for every trade with good risk and trade management will ultimately lead to you being a successful trader. Keep in mind being stopped out and taking losses is all apart of the business of trading, it's how you respond to these which counts.

Regardless of the outcome of the trade you must be able to hold your vision and your state so that you do not get emotionally caught up. In my early days of trading I wasn't so good at this but now regardless of if my last trade was a win or a loss I always start from a neutral place. This enables me to act without hesitation or reservation on each of my trades.

Below is a chart of the USDCAD which has a good confluence of events for a potential shorting opportunity. This is one of my favourite set ups, a 123 top as it has a small capital exposure with a high probability of success.
Take note of the Doji at 1, MACD divergence (also on smaller time frames) and also use Fib.
Make sure you're always using a consistent approach, once you know what's working for you just keep doing it and following your plan.

USDCAD forex chart from Advanced Get

Yesterday I mentioned the GBPUSD ABC set up, since then it has moved up over 300 pips. I unfortunately didn't enter this trade as I was out last night and only got back in today so wasn't able to do my morning analysis. I heard a few of you entered this trade and made a good profit so well done to you guys.
Now just manage your positions. Note that you should expect this to go towards at least 18400 (using 100% Fib ext)













GBPUSD forex chart from Advanced Get
Good trading