There was plenty of volume around today and a couple of news announcements to go with it. I identified a potential short on Cable in the morning but decided to leave it as there was a US news announcement at 1:30. It turns out the news announcement would have moved in my favour but no matter, I stuck to my strategy. 

Later on in the day there was some ultra high volume again on Cable and particularly on Loony. Whilst the charts then moved in the direction I expected them to, there was no signal for me to get in on the 20min chart. Just one of those things unfortunately. Least I had an understanding of which way the chart was going to move!

Couple of announcements tomorrow as well, that's it for now,

Cheers,

KFT

Quiet enough day really, placed an order on Swissy for a buy earlier on but it didn't trigger. I cancelled it once it moved through where my stop would have been.

A couple of news announcements tomorrow so perhaps there will be some more opportunities then.

Cheers,

KFT

Identified one set up earlier today on Cable and got to the point of putting my entry, stop and target lines in but second guessed myself and decided not to take the trade. Turns out it would've hit the target! I'm going to post a screen shot but I stress the fact I didn't actually take the trade.

Cable 1hr

Cable 20min

Despite a slow start to the week i'm very happy with the last two days. Brings the total wins up to 25, against 10 losses. That's everything for this week, on to the next. 

Cheers,

KFT

A very successful day trading today, Took two trades, both buys on Cable and Eddie. Quite a few of the USD charts were interesting today.

12:40 - Trade 1 - GBP/USD (Cable)  Buy @ 1.5766 - Closed @ 1.5805 = +39

 

Cable 1hr

Cable 20min

This was one of a few trades I could've taken at this time. For whatever reason, the volume dropped off on Cable. Eddie, Swissy and Loony all at the same time and any of these would have provided a viable trade, be it long or short. Looking back at it now there wasn't a great deal of volume on the hourly chart, but the bottom reversal followed by no supply seemed a good trade to take.

16:00 - Trade 2 - EUR/USD (Eddie) Buy @ 1.3189 - Closed @ 1.3221 = +32

Eddie 1hr

Eddie 20min

After the first trade of the day, the dollar seemed to strengthen for a while which produced some high volume on a down bar. Eddie was coming to the bottom of a trend so this provided a good place to buy. The high volume was followed by a no supply on the 20min chart and the order placed on the high of the bar.

That's all for today,

Cheers,

KFT

Another quiet one today, not much else to say really, there's a GBP rate decision tomorrow so that should provide me with some volume.

That's it really,

Cheers,

Liam