These two were long over due since both March & April were over 10% then May it was slow month with no trades. August will be posted as soon as the last two entries close.
June & July I missed two similar entries CAD/JPY & NZD/CHF which both were Head and shoulder on the Daily with no weekly confirmation but 4H Pattern + 1H entry. These Entries don’t happen often which was new to me but they are about 1:3 return that you don’t want to miss
I wanted to make sure I wasn’t missing trades because of How tend to rush things or if I don’t really know my trading plan. So came July, I backtested all 28 pair updated my data from 2017 + 2018 added a new strategy. In which, I updated my trading plan
I wanted to go into August SOLID making sure I was doing daily things Backtesting my plan Mon - Thur pair to make SURE I knew my Plan with the addition of the new trend entries I have been taking that only risking about 0.50%
EUR/USD 06/02/19 (NO Entry but hit TP)
EUR/JPY - 6/24/19 - No Entry, Price never retraced for an entry
GBP/CHF 6/27/19 - No entry, price hit TP before the entry so I decided to cancel the entry.
Hello, I am excited for the next few months especially in trading. Working on both improving my psychology and technical analysis.
I always wanted to start recording myself to help me with my analysis way back since last year. I decided I would not only post a written Weekly Watch but also a video format. I plan to do trade summary for my trades.
i do need work on my editing skills, if you have any tips for me for communication and videos. I would really appreciate it.
Weekly Watchlist: 9/01/19
AUD/JPY - Long
Weekly - Deceleration of the Run with a nice bullish Candle
Daily - Still in a Downtrend waiting for a pattern
Another Week, Just same old same old. CONSISTENCE!!
I got some improvements to make both in editing also slight uncomfortable when making these records. It is something new but will keep positing both Written and video on a Weekly basis.
EUR/CHF - Long
Weekly - Deceleration followed by some consolidation but a pinbar candle.
Daily - As you can see price is this downtrend and is at the previous low. This could be turning into a Head & Shoulder pattern. Will see how this pair progress this week
Daily - We recently had break of structure then change of trend with new high and low but looking like a rising wedge pattern (continuation pattern). Price has already starting to slow down, need some price action to look for a short.
Weekly - The price has been in down since March with no pullback but just some consolidation/deecleration. We recently had a third trend-line touch and price found resistance. (my reason for a Long - Daily can paint a different picture)
Daily - If you look at price it’s in a downtrend but formed a double bottom followed by a strong bullish move to the upside. are the bullish’s finally coming in?
(Short - Red) - Since previous is at the previous low, i will wait to see what happens there to go short
(Long - Green) - We have the weekly with us, Bullish Candle. Daily is starting to reversal. Break of trendline + Double bottom maybe turning into a head & shoulder where i would look for an entry.
It has been a slow month, no opportunity currently. Last week, i had nothing on my Weekly watchlist. Looking to see if get some opportunities end of the month or beginning of next.