Hello everyone,

Sorry for the delay uploading today’s video. I went out to the cinema and I just came back home.

Anyway, this morning I took another AUDNZD short trade - quite similar to yesterday’s trade actually: basically a nice-looking downtrend in the 30 mins chart with a retracement trendline breakout and thus entering short in that market. Only difference is that yesterday it worked out as expected whereas today the momentum totally faded away as the chart unfolded throughout the morning. In fact, I saw price ranging sideways within a triangle for hours and, as that triangle broke to the wrong direction, I manually closed the trade for a -11 pip loss. In my opinion, in-trade management as explained over the chapter #6 of my Forex trading course is crucial in order to cut potential losses to a healthy minimum. Taking a small loss here and there is OK and furthermore an everyday reality in trading, just make sure to keep those unavoidable losses small and you’ll be alright in the long term.



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