"OMG We're Back Again..." 6666 zone
Another week another trade zone around 6666. On the macro view, I note that there has been a total change in market structure on/around 30th July, even before the EFT delay news.
Trade safe - Use Stop Losses always. Keep leverage low until you are in profit. Always leave an available balance in your account so you can deleverage if it turns against you. Don't ever trade your whole account on one trade no matter how good it looks. 1-3% only. Always leave some available balance on the sideline for unexpected opportunities. Cut your losses early and don't keep buying down more contracts if it looks like a loser. You will just get in deeper. You will thank yourself for doing these little things.
Trade safe - Use Stop Losses always. Keep leverage low until you are in profit. Always leave an available balance in your account so you can deleverage if it turns against you. Don't ever trade your whole account on one trade no matter how good it looks. 1-3% only. Always leave some available balance on the sideline for unexpected opportunities. Cut your losses early and don't keep buying down more contracts if it looks like a loser. You will just get in deeper. You will thank yourself for doing these little things.
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