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Yesterdays Trading. 2 Trades, 62 Pips Profit.

2 trades yesterday for 62 pips profit.

The first trade of the day was EJ long at 10283 up to 10319 for 36 pips.

Second trade was AUD short at 10384 down to 10358 for 26 pips.

I was a bit of a funny day yesterday, up and down in a pretty tight range, so trading was a bit hit and miss. Any new traders that were trading yesterday would have got killed for sure.

This week the pairs have been ranging a bit more than of late, which is good for us, as we don’t like trading when the markets are going sideways, its very dangerous.

Some good numbers out of the UK on Thursday saw Cable spike up 60 odd pips. It retraced some of that move yesterday, but it finished the day quite strong, so we may have a gap up on Sunday nite open.

Euro had been moving down the last few days but finished the week quite strong. EJ had a bit of a sell off on Thursday and Friday but recovered a bit of ground yesterday afternoon. AUD does not seen to know where its going at the moment.

We have had a successful week though. 271 pips profit for the week.

I have just taken on a new student that wants to learn price action trading on the larger time frames daily and weekly charts. So that will be a nice change for me, as i am normally teaching day trading strategies.

Anyway, have a great weekend all. I will update you on trading next week. 🙂

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