Monday 13th
Constructing starting strategy
Tuesday 14th
I took two trades at once so i would have been risking 1.5% per trade, totalling 3%.
The trades were as follows;
Trade 1 - GBP/USD (Cable) - Sold @ 1.5571 - 18:20 - Closed @ 1.5550 = + 21 pips
- Hourly Chart - High volume up bar as indicated by the cursor (vertical line)
- 20min Chart - Cursor shows "No demand" (Narrow spread, closing middle/high with volume less than previous two bars) used the open of the next bar as the sell with my stop 5 pips above the high point of the up move (previous bar)
Trade 2 - EUR/USD (Eddie) - Sold @ 1.3012 - 18:20 - Closed @ 1.2997 = + 15 pips
- Hourly Chart - High volume up bar as indicated by the cursor (vertical line)
- 20min Chart - Cursor shows "No demand" (Narrow spread, closing middle/high with volume less than previous two bars) used the open of the next bar as the sell with my stop 5 pips above the high point of the up move (bar previous)
Wednesday 15th
Trade 3 - GBP/USD (Cable) - Sold @ 1.5634 - 17:40 - Closed @ 1.5611 = + 23 pips
- Hourly Chart - High volume up bar as indicated by the cursor (vertical line)
- 20min Chart - Cursor shows "No demand" (Narrow spread, closing middle/high with volume less than previous two bars) used the open of the next bar as the sell with my stop 5 pips above the high point of the up move (bar previous)
Thursday 16th
I was in work and saw a high volume up bar, similar setups as seen above, missed the no demand signal in the time it took me to get home. Would've been a trade worth about 30pips but i won't cheat and say i traded it!
Friday 17th
Trade 3 - USD/CAD - Sold @ 1.0333 - 17:00 - Closed @ 1.0311 = + 22 pips
- 1hr chart - note the high volume
- 20min - entry point at the "no demand", had my stop above the high point of the move.
91 pips for the week. Dunno about you, but i'm pretty happy with that!
Cheers,
KFT
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