Tips & general help to make you a better trader by 
Hi Folks,
Well it does happen to all of us and today is no exception… Ive taken some really crumby trades on gbpjpy and missed some good moves on usdchf and eurusd as well.
It happens to all of us, but what can we learn from a missed trade?
Firstly my mantra in situations like this is, the plan is good trade the plan.
Ultimately if you are not at the desk to place a trade or see it develop there really is little that you can do about it. The best advice is to take satisfaction in that the pattern and the plan works and simply wait for another pattern to develop.
The image below is usdchf on a 15 min chart. A very clear and well defined set up and some of those in my Live trading Room managed to get a piece of the action. I’m not typically in the habit of chasing a move so I let this one as well as euro go this morning…. such is life
The pattern is good, with a nice clear 15 min entry on a break out pullback set up.
Enjoy
Phil
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