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  • While Gold's -2% slide is turning heads, Silver is taking an even more significant -4% hit - its biggest drop in three months. That said, 22.50 is not a support level to be taken lightly for $XAGUSD https://t.co/ZXbGJElXf6
  • RT @BrendanFaganFx: 74 counterparties take $1.147 trillion at Fed's fixed-rate reverse repo $USD $DXY https://t.co/9ouJNl8oYL
  • AUD/USD attempting to retrace some of its losses following this morning's US retail sales print $AUDUSD https://t.co/yWFEeszHtP
  • The US Dollar has spiked up to a fresh September high this morning on the back of a really strong retail sales report out of the US. Get your market update from @JStanleyFX here:https://t.co/Ve6TuQrMSS https://t.co/qx8BjQdn2Z
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/16/US-Dollar-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD-AUD-USD-AUDUSD.html https://t.co/w262MKMg5c
  • Goldman Sachs upgrades Q3 GDP forecast to 4.5% from 3.5%
  • I will note that despite AMC announcing they would soon be accepting additional cryptocurrencies (including Litecoin) for purchases, $LTCUSD didn't even exhibit a fraction of its response to the fake Walmart news. Market learning its lesson or AMC seen as irrelevant? #Kodakmoment
  • While the S&P 500 is holding to a strict range above its 50-day SMA, volatility for the Dollar has picked up on retail sales. DailyFX's @JohnKicklighter discusses trade today and further out! https://t.co/ZGNx4sLdRP
  • Canadian #Dollar Outlook: $USDCAD Breakout Imminent- #Loonie Levels - https://t.co/VgefzkPC7c https://t.co/8yhm8dNOzq
  • S&P falling from resistance zone after another quick test at the 930 open could be one of those bearish engulf kind of days $SPX $SPY $ES https://t.co/CAekc1CbCQ https://t.co/RCqrQ9bGNN
Top Trading Lessons: Don’t Fear Missing a Trade, There Are an Infinity More Ahead. Be Flexible

Top Trading Lessons: Don’t Fear Missing a Trade, There Are an Infinity More Ahead. Be Flexible

Justin McQueen, Strategist

Remind yourself that you will miss a trade, however, there will always be another trade, so if you miss a trade, accept it and move on. With this mantra, you can kick out those bad FOMO fear of missing out habits. For example, you may be bullish on the Pound with fundamentals supporting your view and the technical set-up offering an attractive entry at key support. However, against your better judgement, you don’t go into the trade, which you are now ruing because GBP/USD is soaring as you had expected. This is where the “should’ve gone long” thoughts start to grow louder with the trade looking destined to hit your profit target. The growing unease that you have missed the trade leads you to act on a whim and carry out the trade. The problem here is that your risk-reward will look poor as you try to chase the move. GBP/USD is now turning back lower and your stop is subsequently hit. As was said at the beginning, trades will be missed, but there will be plenty more trades in the future.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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