Wanted a tad bit higher on this to get a decent short, at least into the middle of the box. But, the magic happened and we're on our way

Levels are levels:

Really home in on this please. Price is always a tug of war between buyers and sellers. They're all looking at the same thing, it hasn't changed for decades, levels! This is where your mind set comes in as well as your money, risk and trade management. "Before you become a trader, become a manager of risk". When we say "nothing wrong with testing the levels" it's because at most key levels you will get a reaction in price. These reactions will give you a return if you get the entry and the exit right...We're showing you the levels and we're giving you the analysis, we're telling as much as we can about what the price is going to do, you just need to adjust your mindset, remove your fear, control your lots sizes and make sure you have a risk model in place.

Today's red boxes

A lot of news on the way so please play defence on your trading. Lot sizes are important, they allow you to be flexible in the markets and reduce the panic when price can potentially go against you. Your lot size gives you time to think and plan, big lots on small accounts is a recipe for disaster

If you’re trading an account size:

Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.

£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.

£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

Too many traders get stopped out and blow accounts because their lot sizes are too bit. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.

It's only level to level on these now, we're getting late in the session

Basically, take what the market gives and sleep well