Here are my current and recent trades (taken in the last couple months). I will also include some currency pairs that haven’t provided a trade signal yet, but could in the next several weeks.
This should not be viewed as a comprehensive list of trades for all the strategies covered (I have missed a couple trades due to vacations, etc). You may have taken some other trades you considered valid (based on the course), and you may have opted not to take some of the trades I took. That is fine. Ultimately, you need to develop your confidence and take the trades that you think are best, and that means sometimes we may disagree. Me and some of my friends have similar strategies, but based on how we analyze the price we sometimes end up in different trades or with conflicting opinions. Again, that is fine. On a particular trade it doesn’t matter whether you and I (or anyone) agree, what really matters, over many trades, is if you are profitable. Let your results be your guide (nothing else!) in determining whether you are making good decisions or not.
Forex Weekly Chart Trades
Small red lines mark entries and exits. Arrows specify direction.
CADJPY – Closed. +523 pips (plus interest)
Opened May 8. Closed August 2 via trailing stop loss.
CADJPY Weekly
AUDJPY – Closed. +420.8 pips (plus interest)
Opened June 12. Closed August 9 via trailing stop loss.
AUDJPY Weekly
For the current trades below, green dotted line marks entry price and red dotted line marks current stop loss (which will be trailed). Arrow marks direction and timing of entry. Profit/loss are constantly changing as these are open trades.
AUDCAD – Open. In the money (+43 pips) and collecting daily interest.
It is easy to get distracted by all the long tails on the candles near my trade area. But I don’t mention long tails in the course, so you can assume I don’t care about them (that assumption would be correct). We have a strong down week into our rising trendline (couple candles before my arrow). We then have a strong up candle the following week. I didn’t take a long trade right away. I waited a couple weeks and saw that the price nearly completely erased the down week (on a closing basis). Combined with the other evidence, and the daily interest, I took the long. It isn’t a “textbook” engulfing pattern, but we did see a strong reversal of the down week at a support area.
