Hello everyone!

Today Friday the 27th of July I personally won’t be trading. It’s the last working day before the summer break for many institutional players and I would not be surprised to see some profit-takings across the board, specially in pairs that have been heavily trending throughout the last few months such as GBP, JPY and NZD crosses.

Yesterday we already saw an enormous position-closing (400+ pip drop on GBPJPY for example) and like I say I would not be surprised to see further nasty moves today. Summer break is approaching and many big dogs are closing the shop down until September which will undoubtedly spike some few charts.

Moreover, today concludes the trading session for me as well. Next Monday begins my well-deserved 2-week holidays and I am very much looking forward it. I haven’t had one single day of vacation in months, so I can’t wait to put on my swimmers and my sun glasses and head off somewhere warm and sunny :)

Be careful if trading from now on throughout August guys: trends are less sustainable (solid trends are mostly fed by institutional players), levels of support/resistance will become weaker (as there is no-one in the market to defend them), prone to range-bound charts and overall not the kind of market conditions a conservative trend-following trader such as myself is keen to get involved with. In fact, one of my Golden Rules of Sensible Trading is to not trade at all in August. So if you do decide to trade after all, please be very cautious!

Time to toss some figures around:

• This week’s results have been: AUDNZD +30 pips, AUDNZD -11 pips, CHFJPY +24 & +36 and GBPUSD +26. So all in all this week I’ve made +75 pips.
• This month’s results have been +636 pips, but most of that comes from those two long-term trades I took at the beginning of the month on GBPUSD for +275 pips and EURJPY for +221 pips. Man those were two beautiful trades! I always tell my students that it’s not necessary to trade every day in order to make money. Just a handful of good trades will make your month, so please guys work on your patience and discipline and wait for the A-setup to show up before pulling the trigger. It’s just more profitable in the long run!

I will see you in few weeks times folks!

PS: don’t hesitate to continue sending me mails if you’ve got any question, but please bear in mind that I might take few days to answer them.

Cheers and happy holidays to everyone,


-HECTOR-

Hello everyone,

I had a bunch of trading setups today on my Watch List. Out of all those, two fulfilled my pre-entry Trade Plan requirements and those were the two trades I took: a short on CHFJPY for +24 pips on the first half of the trade and +36 pips on the second half, and afterwards I entered short on cable for +26 pips. Funny thing is that both of them met their respective final targets at precisely the same time right as I was recording the videos :)

The cable trade was pretty straight forward and moved in my direction right away upon entry. In the other hand, the CHFJPY gave me a little bit more of headache and I was getting ready to manually close it out if new highs were made. Fortunately, that didn’t happen and eventually both met their targets. Once I closed those two trades I called it an early day at the trading desk.



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Hello everyone,

Not much to comment about today to be honest. I only found a fistful of tradable setups and most of them were based off the Daily charts. Most of my Trade Plans got violated (thus no entry was taken) and the other few left are still taking their time to unfold, so I am setting up my sound alarms and I am stepping away from my trading desk for the day.

Pretty uneventful session to be honest. The best thing to do during these days is to keep your discipline in check, take no entry and go outside for the rest of the day because if you get involved with the markets chances are you will lose money. One of my Golden Rules of Sensible Trading (I swear I am going to copyright this punch line one of these days) is to not sniff the charts for an entry more than a couple of minutes per chart. If the trade is there, it will jump right in front of your eyes and scream “take meeee!!!“. If you don’t quite see anything in those first few minutes, then chances are that there’s indeed no trade worth considering at all!



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Hello everyone,

Sorry for the delay uploading today’s video. I went out to the cinema and I just came back home.

Anyway, this morning I took another AUDNZD short trade - quite similar to yesterday’s trade actually: basically a nice-looking downtrend in the 30 mins chart with a retracement trendline breakout and thus entering short in that market. Only difference is that yesterday it worked out as expected whereas today the momentum totally faded away as the chart unfolded throughout the morning. In fact, I saw price ranging sideways within a triangle for hours and, as that triangle broke to the wrong direction, I manually closed the trade for a -11 pip loss. In my opinion, in-trade management as explained over the chapter #6 of my Forex trading course is crucial in order to cut potential losses to a healthy minimum. Taking a small loss here and there is OK and furthermore an everyday reality in trading, just make sure to keep those unavoidable losses small and you’ll be alright in the long term.



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Hello everyone!

I hope you guys enjoyed your weekend!

Today it’s been an easy day in the markets without any chaotic move or news announcements giving us intraday traders headaches as they usually do. There weren’t that many interesting setups to be honest from an intraday point of view. In fact, I think that out of all the setups I sent this morning to the folks in my mailing list, only two or three of them were based on the shorter time frames.

One of those few setups actually pulled through and I diligently pulled the trigger - it was a short entry on AUDNZD which netted me +30 pips; nothing spectacular but not too shabby either. It wasn’t a hassle-free trade as you will see in the video below, but it did eventually reach my target.

The second video is a general wrap up with all the rest of the setups I had on my watch list, as usual.



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If you liked this video, please rate it at YouTube - click here!