Hello everyone!

Today I began the email I sent to the guys on my mailing list as follows:

As I explain in my course, the interest rates are the main driving force in the currency exchange markets as money flows across the planet seeking the highest yield, and the US rates are of course the main reference to follow in this business. Moreover, analysts expect a cut to 4.50% which, if confirmed, will signify that the hawkish trend we have seen throughout the last couple of years might come to an end and rates might indeed begin to decrease. How will that affect the markets? hang me if I know! actually, hang me if ANYONE knows!

So I’ve decided to take the day off and sit it out through the whole Interest Rates confusion.

Other than that, if you remember yesterday I posted a quick message apologizing for not uploading any video because the trade I was involved with was still open. It was a long entry on CADJPY based on a flag pattern breakout in the direction of the main trend. Today, the next morning over, my target has been hit for +80 pips. Here below you can watch the full video.



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Hello everyone,

Just a quick note to apologize for not uploading any video today, but the trade I am involved with is still open so the video is not finished. As soon as I close it out I will upload it on the blog ASAP.

Thanks for your patience!


-HECTOR-

Hello everyone,

Today I’ve seen a couple of trains chugging along without me, one called EURJPY and the other one USDCAD. I was scouting those charts for a long entry on EURJPY and a short on USDCAD, and sure enough they moved in the direction I was seeking to exploit. However, I just couldn’t find a decent entry on either of them. In fact, I saw them running away from me but my strict entry and money management policies held my hands tights. Oh well…

Anyway, I am still waiting for one of my setups to unfold: NZDJPY is setting up for a long entry and if it triggers before I go to bed I will indeed hop onboard. Otherwise, I will have to let that one go too. There will be plenty of new trading opportunities around the corner any day of the week.



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POSTERIOR ENTRY: Shortly after uploading the previous video, the setup I was talking about on NZDJPY triggered and I entered long. It was way too late in the night so I moved stop to breakeven and went to bed, just to see it being stopped out at +0 pips the next morning over.



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Hello everyone,

First of all, I am sorry for the delay uploading yesterday’s video. I am spending a short weekend holidays and in fact I am typing these lines from the hotel lobby.

Anyway, yesterday things didn’t quite come out as I had wished. The best trends across the board were clearly on the AUD-crosses, and more specifically on GBPAUD 1H and EURAUD 1H. However, I decided to not search for shorts in either of them because we were about to face their respective support levels as seen on the 4H charts (uploaded below) - well, as it turned out GBPAUD breached through like a juggernaut and in fact it ran almost 250 pips for the day; EURAUD in the other hand couldn’t push through. Like I said, I decided to play it safe and look somewhere for trading opportunities.





The other setup I was watching was NZDJPY for a possible long entry. From a technical analysis point of view it was looking candy-pretty: a clear uptrend and a strong level of confluence of support to spring a long entry off. Unfortunately, the actual entry signal came a bit too late for my taste - as you guys know, I dislike trading on Fridays beyond noon London time because you never know when some heavy position-liquidation from institutional traders might take place, upsetting your charts silly. In order to know more about Friday profit takings, have a look at the chapter #8 of my Forex trading course.

Anyway, I did enter the trade with a reduced lot size and it moved in my direction painlessly, but around the end of the London session the dreaded profit takings showed up as expected and my stoploss was slapped at breakeven (see video below). I cannot stress it enough guys: be VERY careful if trading Friday afternoons.

Enjoy your weekend folks!



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Hello everyone,

Today I decided to conduct a little experiment with one of the setups I was following: in hopes of fine-tuning the entry signal, I am experimenting with candle-breakouts as opposed to reversal formations. It’s basically the same swing-trading approach (bounces off levels of support/resistance in the direction of the main trend) but a tad more aggressive, seeking to enter the swing a little bit earlier. This would serve two purposes:

• Squeeze few more pips out of every swing
• Reduce the stoploss

However, I am still not comfortable enough to trade live with this new method so I “demo” it. Today I decided to record one of these tests for the hell of it - it was a pretty dull day anyway :p The entry was actually very well-timed as I managed to hop onboard right at the beginning of the swing. Later on, the trade was stopped out at breakeven (as I type these lines right now it would be sitting at +75 pips, but oh well!) but I am actually rather satisfied with the entry. I will keep on experimenting with this method and I will keep you folks posted.

Down below you can watch the video of that experiment and the second video shows the rest of the setups I had on my Watch List for the day.



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



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