TRADE ALERT -------------------------------------------------------------------------------- EURUSD: None GBPUSD: None USDJPY: None -------------------------------------------------------------------------------- Comment: We now look to sell USDJPY near 116.50/60 if we get a signal there, and possibly buy EURUSD at a similar time near 1.2700/2680. If we don't get these entries, we are done for the week.
As we already have reached weekly target and are on track for the month, we are in no rush to enter trades unless we get a perfect entry setup. The benefit of being selective about trades as we have done this month, is that a very high percentage of winning trades is achieved (100% this month, and 21 in a row) with a resultant low drawdown. This is the way we wish to keep things going forward, and I am sure our clients feel the same way! The small drawback is that we need to be patient and wait for the setups, and some traders will find this difficult, even boring. However, we are in the business to make money from trading, and not simply to trade. As far as we are concerned, if we can achieve target with fewer trades and lower risk, that is far preferable to a multitude of trades with a risky equity curve.
-------------------------------------------------------------------------------- Week total: EURUSD +20, +30, +5, +14, GBPUSD +7, USDJPY +6, Total +82 Month total: +166 Place targets at 200 pips, unless otherwise advised.
Trading is risky. Please read about it at www.forex618.net/disclose.htm
We trade during fixed times. Please read about it at www.forex618.net/time.htm
Recent Comments