Usual Monday really. I was looking for a long on Loony after their GDP announcement but this didn't materialise. Not a great deal else to report really. Cable and Eddie moved quite a lot in the morning towards to the end of the London session but I didn't get in on any of it.

On to tomorrow,

Cheers,

KFT

Didn't take any trades for today. Identified a few things but wasn't overly convinced by them. I was right to close that trade from yesterday as well. It went up a few pips over night but didn't get close to hitting the target and was down by the time I looked at it again in the morning. 3% made this week. Pretty happy with that! NFP next week so we should get some movement.

Cheers,

KFT

Took one trade today which was going for most of the day. Funnily enough i'm delighted to achieve a break even! I took the trade on the No Supply after a bottom reversal on the hourly. I think at that stage I'd probably missed most of the move. The trade triggered and proceeded to move down for a while, out of a 79pip stop it was -53 pips at one stage. Some strength came in and I decided to wait it out. As you can see from the 20min chart an uptrend was forming and the lower trend line respected with the dips being bought each time. I do get the impression that the trade will come good during the Asian session. I wasn't sure enough to leave the trade running and closed at BE. I'll post another chart tomorrow to see where it ended up.

Cheers,

KFT

Trade 16 - EUR/JPY - Buy @ 112.92 -  Closed @ 112.92 = 0

EUR/JPY 1hr

EUR/JPY 20min

Didn't take any trades today, I was looking for shorts on Cable and Loony for the majority of the day, whilst I was right to think short and the charts did move down I unfortunately didn't get an entry on the 20min charts. There were entries on lower time frames but not on the 20min so I stayed disciplined and stayed out. I guess it's having a strategy and sticking to it religiously that can keep you in the game. In other news, the long that I took yesterday for 55 pips has moved 213 pips to the high. So once again I have to look at keeping my trades going for longer.

Anyway, that's it for today.

Cheers,

KFT

Another winning trade today on Eddie for 55pips and 3% onto the account. I saw an ultra high volume down bar on the hourly chart and switched to the 20min chart for my entry. On the 20min chart i've highlighted three possible places to enter the trade. I actually missed the first one as I was still in bed! The second one which I entered on closed at 10am and I set the order. It triggered half an hour later and the trade was done in about another 15 - 20minutes. Very quick trade.

Once again, if i had let the trade run I could have gained around 6% from it. Even after the first trade had closed I could have entered again based on the lack of volume as highlighted on the third no supply / test on the 20min chart but I missed it.

Despite not letting it run I was delighted to make the 3% today and my account is starting to look healthy again. Looking forward to the next 3 days trading :)

Cheers,

KFT

Trade 15 - EUR/USD (Eddie) - Buy @ 1.3577 -  Closed @ 1.3632 = +55

Eddie 1hr

Eddie 20min