2000 Pips Missed

Good afternoon dynamic traders.

I was speaking with a friend earlier today and he was telling me how he was doing his analysis on the GBPAUD (weekly GBPAUD chart below) late yesterday and prior to placing the trade he fell asleep. When he checked the chart after he woke up he noticed a big move that he unfortunately missed. The move he missed was in the region of 2000 pips!

Circumstances like this where trades are missed are all part of the reality of trading and sometimes frustration takes over and in a moment of madness we break all our rules and chase a trade to get revenge on that missed opportunity. This is where discipline needs to come in and rules have to be followed.

Many of you often ask about Turkey Catcher who I mentored on forex a couple of years ago and want to know how he is getting along. I can tell you Barry is living the best years of his life. Those were his words not mine. He has a wonderful wife and they both trade the forex markets. Neither are employed anymore and have a great lifestyle. Last month Barry earned over 20k and this month he has over 10k so far.

Over a year ago when Barry decided to leave his job and trade full time he was very worried. I have seen Barry go from minimal knowledge on trading to being a full time trader and living the life he told me he wanted from the start of his journey.

Well done Barry and enjoy your financial freedom as well as your helicopter lessons.

Below is the weekly chart of the GBPAUD. You will see this weeks price movement was halted from previous resistance.



GBPAUD Advanced Get Weekly Chart.

Good dynamic trading...

Forex Analyst
Javid Shaik