Trade management & money management ...

I am happy to report that mama and baby are both healthy and doing well.Thank you for all of your supportive emails, prayers and considerations.

Even though I posted some information in the PM Preview Blog earlier in the week that worked out nicely- I did not trade it. Even when you can see the market clearly does not mean that you should always trade it. I received a call that my wife was on the way to the hospital to give birth to our baby girl as I was finishing up the Blog posting.

Had I entered the trade do you think my focus would have been where it was most important? - No! That would have been bad for my family, which would have been bad for my trade. Even when you see a great trade and a great entry for it- trade management and money management are key to making it successful and they require a very large amount of focus. I would not have been able to effectively focus on them if I entered the trade and may have damaged my family life. Yes, I missed a beautiful 150+ pip run but I did not miss anything about the birth of my beautiful baby girl - please always keep the important things in life in their place.

See today's Chart at AM Video Review

-Seth Gregory for the vacationing Peter Bain