Trade 4 - Also a little bit more understanding of the VSALift Method by Damien.

Had a GREAT day yesterday, the day off work and after picking up a table, Me and Hank took Romper for a river walk in Woodbridge, we stopped off first at the marina and found a couple of cool places to see. Also, met with Will from the gym who is thinking about taking my room... Also in the last 3 days after being very careful with alkalising I have done 2 Insanity workouts and I weights... basically I am cooking on GAS. 

OK, back to trading. 

Ok, here is my entry on EU - it was a little early but I really liked the rejection bars at 0730 - I felt this was Smart money showing there hand and it turned out to be the case even though I got stopped out at BE at the NY open.

Here is a trade I also posted but alas I missed.

OK, here we have two perfect text book trades and I missed them both, clear stop runs at key levels, both coming back within 15 pips of the high, both returning a very easy 2/1 RR - I was panicking because of the STUPID news trade I took that day and when you are panicking, when you are fearful you are not thinking clearly and you missed setups that are staring you in the face. This is what happens when I succumb to one of the four fears of trading, missing out, being wrong, fear or greed, which is why it is so important to manage risk. I will take a hit now and again and I must learn to accept this risk fully and completely. 

This worked out quite well, but the small range made this not a great trade, which is interesting though is the Fib retrace levels from yesterdays move - defiantly one to add confluence to a trade in the future. 

OK - spent some time with Damian on Skype yesterday, his method I have attempted to summarize on this chart, 

there has been a MASSIVE downtrend on this pair moving down 600 pips in the last week, what we can see from this chart is that we have a cross, and supportive congestion, identified by the 3 dark green boxes, indicating strong buying, we have a trend change with the dots turning green, now we look for a high volume up bar break out of the previous range. 

OK, so I took this trade as London opened which turns out to be OK, also had a few people supporting Damian so it looks like I will be making an investment in this. 

Also, took my Trade 5 on the GU this morning now moved to BE. 

OK, lets see what happens....