When I made the trade I went by the forecast and the weakness in the usd. Even though on the first crack, I made my target by a hair I found myself in a bit of a fight. However, as I followed the principles that I preach so often in the blog, I was never out of my comfort zone or near my psychological stop.

When I was new, I would have panicked and cashed out. There is a lesson to be learned here. Even when I was back at get even the temptation was to get out and be happy with winning one and breaking even on the other. I don't believe in break even. There is a spread involved that the broker charges, and right off the bat you are in the hole. And why enter a trade if not to profit? You will find more times than not, on a day trade in particular, that if a trade goes against you and finds it way back to break even, there is a probability that it will continue into profit. And this happens all the time when you bail too early.

Don't fool yourself. This is a game of wits sometime, and not for the timid. Bail out of a trade when you have to, not when you are afraid.

It is important to remember why you made a trade in the first place. Are you just throwing darts? Taking my advice? I don't mind if you trust me, just try and understand how I think and make my picks based on the forecasts. This way you can quickly see the opportunity that presents itself every night.

30 pips plus per trade is not that hard to achieve using the Forecasts. You don't have to trade every night, but when you do, be creative and understand why it is you make the trade.

Have a great weekend.