I just wanted to make note of the importance of following the information passed on by my coaches. One thing that I was told in training, was to be aware of news and the significant impact that High Impact news can have on the markets. Here is an example from this morning.
I was long on the USDCAD pair and took my trade at Point A. Note the effect on price at Point B when the BOC Monetary Policy Report came out that has a direct impact on the Canadian dollar. You can see there was a significant spike in price. This ended up triggered a take profit on this trade for this account. But, news can also go against you. It is important to check all high impact news for the day as shown on the Forex Factory website before considering your trades for the day.
"Here's to your success"
Bill McManus
