And we do this all the time in our lives: Many people have this thought in their mind: Another trading week has passed and one theme of this week was pretty much waiting for the big events. We had multiple central bank interest rate decisions and we could often see the market being relatively quiet in between these events.

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Nevertheless, there were some good opportunities, especially on the daily charts. I mapped out two scenarios last week, one being a retracement before moving down and one being an immediate break of the support zone. Well, after some hesitation, the support level broke and the price moved down for the second part of the week. I hope you had a good trading week!

It certainly was an eventful week, with the UK elections as the main event on Thursday in addition to ECB meetings and a Senate hearing of ex-FBI director James Comey. These events made sure that it was a rather short week for me, without any trading on Thursday and Friday. It was a relatively quiet week for setups as well.

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I only took two trades: So far, I love it here! A post shared by Smart Forex Learning — Felix smartforexlearning on Jun 3, at I took 3 trades: It ended up being a break-even week for me. Another trading week has passed and some decent opportunities have come along.

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Additionally, I had a nice and quick AUDCAD price action play on Friday that got filled to the pip with deadly accuracy. I love when that happens! Rather than focus on finding trade setups, The Exit will discuss how I manage and exit my trades in great detail. On the other hand, traders me included make lists and lists of weekly analysis with the most interesting setups for the upcoming week. But if so much of the focus needs to be on trade management and how we exit a trade, why is this a topic much less talked about?

Or maybe because many traders feel uncertain to give away how they actually manage their trades? What I can do, however, is discuss how some of my past trades both winners and losers have worked out and go through the trade and my trading decisions in detail.

Not improving is deadly in this business. Every trader who has made it has done so because of continuous learning. A desire to get better at the trading game. Every single one of forex learning ratekau traders has a trader development plan. But what exactly is that? How was your trading week? The past week has been… interesting, to say the least! The troubles that surround Trump the firing of CIA boss Comey, leaks to Russia, etc kind of held the markets hostage and much of the current market action is fuelled by politics and uncertainty, rather than pure technicals and economic data.

However, there were still opportunities to be how much money does blizzard make a year The GBPJPY short and Silver long trade also worked out nicely, with only our EURJPY short deciding to move a bit higher.

No harm was done, our alerts were never hit so no action was taken on that one. Indeed, as a trend trader, a looming reversal might very well be the moment to take profits and get out. Not all reversals play out in the same way. There are multiple types of reversals, each with their own characteristics. Some reversals are gradual and look textbook. Other reversals are very unpredictable, volatile and hard to trade. Knowing what is what can be the difference between a losing and a profitable trader.

Another trading week has passed and now is the time to look at the opportunities for the upcoming week.

My reversal system had a bit of a hard time this week, with a lot of really nice reversal setups without follow through. Luckily, some of my other systems made more than up for it so it was a good week after all. The Euro was being bought for a very long time already, so some pressure on the sell-side was to be expected, as I predicted before the election:.

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About Start here Getting started with forex Choosing a forex broker Make sustainable profits A Guide to Trading Trend Reversals Trading like an astronaut Best Forex books Shop Contact. I should cut my losses faster and let my winners run.

Says no professional trader, ever. The Euro was being bought for a very long time already, so some pressure on the sell-side was to be expected, as I predicted before the election: Forex education Market analysis Getting started Trading psychology. Follow my blog with Bloglovin.