May 5 – May 10 2019
How did we do?
Let me mention that it is never the number of pips but what each pip is worth to you. While we have had some amazing weeks over the years, 450 pips, even half of that, can be a good income for those with a fair sized account.
April 28 – May 3 2019
AUDUSD – Price broke downside as indicated for a small leg down into prior support for 58 pips
EURAUD – 132 pips upside after the pullback bottomed out in what was a simple pullback trade
EURCHF – We expected a rally as noted on our setup chart and then the down move for 49 pips after a consolidation break off the four hour chart
NZDJPY – Pullback and short as written on the setup chart for 75 pips
NZDUSD – 57 pips to the downside as the pullback resolved in our expected direction
USDCAD – The breakout pullback long trade was in play but after the momentum to the downside, we took this pair off our rader. Price did rally after the pullback for 80 pips for those who stuck with it
We went 100% this week as each chart played out in some degree. 450 pips potential on simple repeatable patterns that work.
Not a bad week and two currency pairs made moves that hit home much of what I mention every week. You can check out the blog post called 2 Trade Setups Explained where I cover exactly how you could have taken advantage of these opportunities. What I cover can be repeated!
404 pips up for grabs plus a $300 move in Bitcoin from the setups last week
We still find many currency pairs in ranges on the daily chart. Those are a crap shoot and it is hard to find an edge in them. What I am looking for is a momentum move either out of a breakout or at lows or highs. From there, from the bigger moves, we can find our trades.