The past month was probably one of the best that i've ever had trading both in terms of percentage gained and over all execution of my strategy. I'm delighted with how it went.

The Myfxbook link can be clicked on the left for a more in depth view but I ended up with a 7.3% gain for the month of February which has me up 5.75% since the start of the year.

It feels great to have a good run for an extended period of time, in the past it has been a day or two and then a dip. This is very much a step in the right direction and looking at the chart on Myfxbook and seeing that upswing for the last two weeks makes me really feel like i'm getting somewhere.

Of course, i've bigger targets in mind and there's still a way to go. But i'm in a great position to build on this, keep sticking to the strategy and take it day by day.

Cheers,

Liam

If you look at a chart for EU yesterday you'll see that it dropped quite a bit. If I was to tell I took a short and had a loss, you might be a bit surprised. Well, that's what happened.

Essentially, I got in a early I guess. The entry I took was good and followed all my rules, it just wasn't too be. Price went back up and flushed out any weak holders. Then it went down. Unfortunately I didn't get an entry for the main leg down.

EURUSD Sell

Bar 1 was the highest volume for the time and I took the short from the bottom of this zone. I perhaps should've waited to see how that volume played out before trying the short.

Bar 2 was another spike in volume followed by an upthrust, I could see this was weak but I didn't want to short in to the higher volume that was bar 1. Hence not taking the red sell signal. If this had formed after clearing the yellow zone then I definitely would have got in, but it just wasn't to be unfortunately.

Cheers,

Liam

Whilst I said I wasn't rushing into anything, I still intend on taking the trades that tick all the boxes. Another short and win on EU today. Similar enough set up to yesterday.

I posted the following chart on Monday and I used one of these zones again for my entry.

EURUSD Zones

Bar 2 is from the FOMC statement last Wednesday. My short came from the 50% (1.13750) of this bar today.

EURUSD Sell

I've marked the FOMC 50% in orange as you can see on the above charts. The yellow box on the left chart is what drew my attention when I got up this morning. It's quite a wide spread for that time in the morning and whilst the volume isn't massive, there was definitely a marked increase. This was followed by an upthrust so at this stage I was looking for shorts. I had to wait for price to get below the MA on the 3min but eventually it did and printed a nice sell signal. The target just happened to be above yesterday's zone. Which has provided support.

Gained 1.52% on this, leaving me up 8.52% for the month. Delighted with how the last two weeks have gone. Now to keep the head down and keep building on it.

Cheers,

Liam

Had another good trade today. Another sell on EU. Both of my trades this week have come nice and early in the day and have hit targets by 9 or 10am.

EURUSD 15min

I'm delighted to say this trade helped me to hit and surpass my monthly target of 6.14%. I'm now up 6.89% with a couple of days remaining this week. I'm still actively looking for further positions but I certainly won't be rushing into anything.

Cheers,

Liam

A nice entry and win to start off the week.

EURUSD

1. Friday's high volume zone.

The entry signal in green on the P&F chart was in and around a 14 pip range that contained three zone lows. Which you can see on the chart below.

EURUSD 15min Zone Lows

EURUSD Trend Channel

I stuck to what I said last week and closed the position at the initial target and banked 1.56%. Really happy with this trade and the good start to the week. On to tomorrow.

Cheers,

Liam