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Weekend Trading Update. Its Been A Quiet Week Trading This Week.

Its Been A Quiet Week Trading This WeekThis week has not been a great week of trading for me. Its the first week back from my holiday and the trading opportunities have been few and far between. I have also been busy with teaching this week so i generally take less trades when i am teaching as i do not trade and teach at the same time.

I also like to take it easy on the first week back from holiday, as i have missed 2 weeks of news. Now although i don’t trade the news, the news helps me get a feel for how the pairs are going to react, and what news is expected by the market, and how it can affect the price.

Monday was a bank holiday, so trading volumes were low and i did not get any high probability set ups, so i did not take a trade on Monday.

Tuesday was OK, i took 2 trades for a total of 48 pips. I took Euro short at 13126 down to 13101 for 25 pips. I also took EJ short at 13034 down to 13011 for 23 pips.

Wednesday was a little better. 2 trades again for 54 pips. I took Euro short at 13127 down to 13107 for 20 pips. I also took Cable short at 15586 down to 15552 for 34 pips.

Thursday i took 3 trades for 63 pips. I took EJ long at 12981 up to 12997 for 16 pips. I also took Dollar Cad long at 10016 up to 10037 for 21 pips. I also took Cable short at 15580 to 15554 for 26 pips.

Friday
i took 2 trades for 39 pips. I took Euro Dollar short at 13010 down to 13001 for 9 pips. I also took a nice trade on AUD long at 9980 up to 10010 for 30 pips.

Total trades for the week 9. Total pips 204.

Just A Quick Update.

Just A Quick UpdateAfter 2 weeks holiday i will be back to making some money next week, so i should have some nice trades to tell you about on my weekend trading update.

I got back late Wednesday, but did not trade on Thursday as i was still in holiday mode. I did take a few little scalping trades on Friday for around 20 odd pips, but i am not going to put them in here as they were not strictly high probability trades, but i just wanted to put a bit of money into my account to keep my broker happy. 🙂

Thursday and Friday were very dangerous days for trading, as we had the ECB interest rate decision on Thursday, and the NFP on Friday, so the market went a little crazy. I don’t trade the news as its far to risky for my style of trading.

Have a great weekend and i will catch up with you all next week. 🙂

Trading Update For This Week, Including 2 Live Recorded Trades.

Trading Update For This Week, Including 2 Live Recorded TradesThis is the last trading update for a couple of weeks as i am away on holiday.

Its a short week this week as i have only taken one trade today, and will not be trading tomorrow as i will be traveling. I still managed to get over 200 pips for the week though, so its not too bad considering.

Here is the update.

Monday i took 2 trades for 43 pips total. I took Euro Dollar short at 13085 down to 13065 for 20 pips, and Dollar Cad short 10219 down to 10196 for 23 pips.

Tuesday was a bit better day, i took 3 trades for 84 pips in total. Euro Yen short at 12901 down to 12881 for 20 pips. Euro Dollar short at 13144 down to 13120 for 24 pips. And Euro Yen short again at 12898 down to 12858 for 40 pips. I recorded the Euro Dollar short trade, the recording can be seen here.

Yesterday was OK, with 3 trades for 54 pips. I took Euro long at 13117 up to 13137 for 20 pips. I took cable long at 15224 up to 15236 for 12 pips. And i took Euro long at 13037 up to 13059 for 22 pips. This trade was also recorded, and the recording can be seen here.

Today i only managed one trade as i have been busy with packing and stuff for my holiday. The trade was Euro dollar long at 13046 up to 13072 for 26 pips.

Total trades for the week 9. Total pips 207.

I am now on holiday until the 1st of May. I will be answering emails and phone calls, but i will not be trading.

Have a great couple of weeks folks, and if you are trading the markets take care. I will catch up with you all when i get back. 🙂

Recording Of A High Probability Euro Dollar Long Trade 17th April.

Recording Of A High Probability Euro Dollar Long Trade 17th AprilI have made another recording of a high probability Euro Dollar long trade that i took today. The recording is quite long as i wanted to get as much live price action into the recording as possible, so please watch it to the end, as the end is the best bit. 🙂

Its a counter trend trade off a key reversal level. Its quite a brave trade to take as i was trading against the news that the ECB may cut interest rates in the near future which saw a big sell off in Euro Dollar.

I was confident of my level though, so i had no problem taking the trade. You will see from the recording that i picked the entry and the exit of the trade very well. My entry was within a few pips of the low of the move and my exit was within 2 pips of the high of the move.

The recording is below, i hope you enjoy it.

If you want to learn how to trade Forex using high probability trading strategies, please consider my Forex training course.

I will not be trading or teaching for the next 2 weeks from Friday as my wife and i need some sun, so we are taking 2 weeks holiday, cruising in the Mediterranean. Its such a hard life being a professional Forex trader. I will be answering emails and calls while i am away, as the ship has a great internet connection, but i need a break so i am not trading. I will catch up with you all when i get back, sun kissed and refreshed, and a few pounds heavier no doubt. 🙂

Anyway enjoy the recording.