by Michael Bridgman | Jul 16, 2012 | Forex Tips
Be very careful trading Sundays/Mondays… Always be very selective in trading your setups, but be especially careful on Sundays/Mondays. I used to be very eager to start the week off by finding a trade to take. I learned over time that it was better to be patient...
by Michael Bridgman | Jul 13, 2012 | Forex Tips
Patience pays off with a nice GBP long trade to finish the week. It’s important to wait for the setup or not to trade at all. Follow the rules for a high probability trade and be rewarded. Never chase a trade and always have a calculated reward to risk ratio to...
by Michael Bridgman | Jul 11, 2012 | Forex Tips
The EUR offered a nice short setup overnight. Plan your trades – never chase a trade and wait for your setup. If you concentrate on a few pairs and get to know their patterns, you will find reoccurring setups appear most sessions. If the setup is evident and meets...
by Michael Bridgman | Jul 10, 2012 | Forex Tips
There was some encouraging economic news for the UK overnight, but a trade setup for a GBP short followed – for those that were patient. An issue that arises for traders is… we have other obligations and need to leave our trading desks. I had not reached my target...
by Michael Bridgman | Jul 9, 2012 | Forex Tips
Sunday/Monday trading tends to be erratic – especially during the summer and holiday periods. I prefer not to trade Sundays/Mondays because the setups have a lower probability of being successful…no point in starting the week off on the wrong foot. After a week of...
by Michael Bridgman | Jul 6, 2012 | Forex Tips
Avoid trading around major news releases and Non-Farm Employment Change is a Big One! When I first asked my mentor a number of years ago, about trading around major news events, he told me, “not to stand in front of an oncoming locomotive”. He trades in the tens of...
