FINAL UPDATE: USDCAD: Quick Trade - Bull Bat & Bear Cypher Done!

Tp1 and TP2 hit on both these trades. Both were easy no-sweat, no pain trades. Wish they were all like this!

This is the power of having a trading plan, guys! If you followed the plan, you booked an easy 152 pips. This isn't to brag but to show how having a trading plan and more importantly STICKING TO IT is an essential part of trading success. You must stick to your plan despite so much other "noise" telling you otherwise. And here just like on any other trading advice forums, there is A LOT of "noise". There will ALWAYS be differences of opinions as to what is gonna happen. That's why the market moves up and down! You need to have sellers and buyers at all times in order to make money. It's a zero sum game. Of course, there are always going to be losing trades. No one is perfect at this. You just have to have either more winning trades than losing ones and/or larger winning trades than losing ones. That's the all important MONEY MANAGEMENT concept. I would say MM is THE most important skill you must learn! But that is a discussion for another day.

Now it's Friday and volume/activity is dropping off after the London close.. Not expecting much more good trading opportunities today so puttin away the charts and gonna unwind. I don't suggest to hold any positions over the weekend due to the uncertainty of several high profile global events. Come Monday when the markets open, you may see large gaps as with the last 2 weekends. Better to not take unnecessary chances. Will start again next week and re-evaluate before taking action.

Good luck to all and have a nice weekend!