It was a bank holiday in the UK and the US yesterday so I didn't do any trading. Not really any point. Low volatility and sideways movement was the order of the day.

Had one trade today, which I lost 1.09% on. This trade is a bit of a mixed bag so i'll cut to the chase.

Trade 47 - EUR/USD - Sell @ 1.4388 Closed @ 1.43982 = -10.2

Eddie 5min

• Trigger taken from the left of the chart, the highest volume at the time, the trigger I took the trade from is the low of the trigger bar instead of the close 
• No demand into the trigger. 
• The next part shows the price moving up but on lowering volume. That's why i stayed in. 
• Stop area + previous high was respected and news brought it down hard (i agree this was lucky)
• Due to it being a news announcement and the usual high volatility I couldn't get out of the trade when i wanted. Got out on the bar following the drive down. 
• If I had stayed in, the target would've just about been hit.

All this aside, it wasn't a great position that I got myself into in the first place. Considering it was close to hitting the stop, i was pleased to get out of the trade where I did.

I'm unfortunately working tomorrow morning so i'm not sure If i'll take any trades. Likelihood is that I won't.

Cheers,

Liam

Finished the week on a high adding a further 1.76% to my account bringing the total to 6.21% gain for the week.

The first trade was taken on a 15min chart a nice narrow spread ND into a trigger number. This actually hit my usual 3% target @ 1.4199 but I decided to leave it run for a while with a tight stop. I got stopped out adding 2% to my account from this trade.

Trade 45 - EUR/USD - Sell @ 1.4240 Closed @ 1.4214 = +26 
 

Eddie 15min

Trade 46 - EUR/USD - Sell @ 1.42019 Closed @ 1.42044 = -2.5

Saw some more weakness on the 5min chart off another trigger but it didn't move anywhere. Got out with a small loss of 2.5pips. Just as well i got out, because the market turned and headed back up again. Probably off the back of the high volume bars you can see to the right of the arrow. There was a good chance to take a long but I wasn't really paying attention so missed it.

This is the best trading week I've had to date, making my account look a lot healthier. 6.21% added this week. 13.81% since the start of the year.

Enjoy the weekend everyone,

Cheers,

Liam

With the week I've had so far I was slow to take any trades today. Missed a couple of possible set ups but I was happy to sit back and watch what unfolded for the day.

It'll probably be the same situation tomorrow but we'll see how it goes.

Cheers,

Liam

Took one trade on Cable today, gaining 26pips and 3% on to my account.

The trigger bar was formed from GBP news this morning at 9:30am. Entered on the NS following and hit my target soon after that. Delighted to hit the target, having a pretty good week so far. As usual, could do with holding a bit longer. It's so far moved 104pips to the high. There was no reason to get out when I did other than it hitting the profit target I had set. Either way, still very happy! Added 4.36% on to the account this week :)

Trade 45 - GBP/USD - Buy @ 1.6154  Closed @ 1.6180 = +26

Cable 5min

Took one trade today, a buy on Eddie for 10pips. The initial target was 30pips but i saw weakness coming in so decided to get out. 

I've marked two test bars in the image. Test 2 would have been the better test to take as this comes down and touches the trigger line perfectly. I entered once the high of Test 1 was broken. Upon seeing Test 2 forming it might have been an idea to move my order to the high of this bar as it actually touches the trigger where as the first doesn't. As seems to be the trend at the moment, it would have hit my profit target later in the day. I didn't like the price action though. 1% added to the account is better than nothing!

  

Trade 44 - EUR/USD - Buy @ 1.4098  Closed @ 1.4108 = +10

Eddie 5min