South African students are working hard in preparation for the Wayne McDonell Masterclass on the 8 August 2016 at GFI Sandton. Students have been attending a weekend classes to learn the strategy and understand how to apply Wayne’s simple approach to trading forex. At this last weekend’s class we discussed trapping price and having a plan for future trading based on lining up stochastic cycles on Daily, H4 and H1. A lot of traders struggle because they open a chart and have a need to trade right away, not realizing that the moves they are seeing in the market should have been identified earlier so that they were prepared and well planned for their trade strategy. Each day this week we are going to identify pairs where we see future opportunities and add these to our watch list. We are then going to continue checking on these pairs until they fall into our trap and meet all our requirements for pulling the trigger. Please remember that until we are fully au fait with the strategy we are going to practice on a demo account. We are going to give ourselves the best opportunity to learn without the stress of losing money and we will only go live once we feel confident in our ability to trade this strategy successfully with significant evidence that we have been consistent in our analysis, trade execution, risk management and PnL. Best of pips to you all!