Hello everyone,

Today’s been very similar as yesterday, with an early London Open Breakout trade on GBPNZD riding a new swing down, this time around for +70 pips. Yesterday the trade was based on a triangle breakout whereas today it’s been a flag formation, but non-the-less pretty identical setups on both.

The second setup I was following today was AUDCAD on the 4H time frame, hoping for a support level breakout to the downside in the shorter time frames, seeking to ride a whole new swing down on the 4H chart. However, market has remained pretty range-bound all day long and my trading shift is about to end anyway, so I have placed my sound alarms and I’m walking away from the trading station for the day.

Videos on both setups uploaded below. See you tomorrow!

Hi everyone,

I am uploading my second trade for the day real quick because I’m late for my lunch already :)

It’s a short entry on GBPNZD based on a triangle breakout to the downside in the direction of my 3 Simple Moving Averages (the base of my system as you probably know by now). This trade had 10 more pips of potential but I closed it earlier because I just wanted to call it a day and have my lunch in peace. I very much dislike stepping away from my trading station with an intraday trade open, so I decided to exit out for +42 pips.

Anyway, I will see you tomorrow guys!

Hello everyone,

Text book London Open Breakout setup on GBPCAD for a quick +55 pips profit in less than 2 hours time span. Basically I was looking into a continuation move from yesterday’s enormous downthrust after the CAD interest rates announcement. The icing for the cake has been the sideways tight Tokyo session range, which often produces a juicy move upon breakout as London volume kicks in the market. That’s the move I wanted to exploit this morning.

Anyway, so +55 pips on this trade which is recorded as usual in the video below.

Hello everyone,

Not much to update today Tuesday about. I didn’t like any particular set up as most of the charts were presenting unappealing formations as far as my Moving Average goes. The only pairs that looked good were, once again, the CAD-crosses but today we had the Interest Rates decision coming out from the Central Bank of Canada and I don’t trade a currency the day its interest rates decision are being release (yup, one of my famous Golden Rules hehe), so…

Let’s hope tomorrow we get a clearer picture!


-HECTOR-

Hello everyone,

As you know today Monday 28th of May is Bank Holiday in England and USA. One my Golden Rules of Trading is to not trade on these dates. Let me explain you why: most of the large institutional traders (you know, fund managers working for the leading investment banks) are taking the day off. Volume is extremely thin in the markets and all those lovely levels of support/resistance I base my trading strategy on will be very vulnerable because there is no-one in the market to defend them. Therefore, markets will be prone to range-bound conditions with occasional chaotic spikes out of the blue piercing those levels of S/R. Certainly not the type of scenario I want to get involved with.

The best thing any sensible trader could do today is to close their trading station and head out for a blissful walk in the park, and that’s exactly what I intend to do!

See you tomorrow guys!


-HECTOR-