3 Day Work Week – monday-tuesday-wendsday

EUR/USD 1HR 9AM 1/14

Tonight the trend on both charts is definitely down.  Look to trade if the breakout goes with the trend.  Trade more conservatively against the trend.   Market news at 4:45 and 5:30AM.

I should listen to myself more!   I traded the breakout against the trend and lost my stop of 40 pips almost immediately.

I will monitor the markets but I am done trading for this week.  I notice that Thursday and Friday mornings are my worst trading days.  I find that when the markets are not trending well that I make more money taking Thursday and Friday mornings off.  What has been your experience? This takes us back to trade discipline again.  Even though we love to trade, you have to treat this as your business.  If your bottom line is improved by taking 4 day weekends, then do it! 

Until further notice, unless the markets are trending well, or I have an established position… I will only trade on Monday, Tuesday and Wednesday mornings.  However, I will continue to post trade setups on Thursday and Friday mornings to keep myself abreast of the market activity and.  Note:  when those perfect trade setups that we always wait for comes along, I will still be taking those.