Hello everyone,

Today was one of those days that remind me why I got into this business. The market as a whole was synchronized and all my trading setups triggered (and profited) one after the other like a cascade handing pips left, right and center. Easy, painless, straight forward day for any trend-trader - I wish everyday was like this one!

But I didn’t want to overtrade my account and thus selected the setup that, at my discretion, looked the best: AUDCHF on the 4H chart for a short entry. It was a clear downtrend as per my 3SMA conditions (check the first chapter of my Forex trading course for further info on my 3SMA trend conditions) and then I got a prototypical entry signal upon the breakout of the retracement trendline. So, all in all, one of those A-setups that happen very rarely and you cannot let them go.

The trade is still open so the video is not finished yet, but as usual I will upload it once I exit out the trade. However, my first target was met at +208 pips (half of the lot size out and stoploss moved to breakeven), while the second portion of the trade is still open aiming for 300′ish pips.

Wonderful day indeed!

Hello everyone,

As you probably know, today is Thanksgiving Day in the US, a major bank holidays and therefore I won’t be looking to enter any trade today. One of my Golden Rules of Sensible Trading is not trade on volume-thin markets and today will definitely see most of the US-based traders away from their respective trading desks, so as far as I am concerned I am going to follow suit. Moreover, same thing applies to Black Friday (the day after Thanksgiving), so it seems like it’s going to be a long weekend away from the charts :)

By the way, in yesterday’s post I mentioned a CADJPY trade that I left open overnight sitting at +105 pips by the time I went to bed. Well, unfortunately it got stopped out at breakeven over the Tokyo session so I am now effectively flat in the market with no open position. The video is uploaded here below.

Have a nice Thanksgiving weekend guys!



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Hello everyone,

November has been a tough month for me as a trader: tons of conflicting signals, a few losing trades and hardly any decent setup worth trading. In fact, I have remained sidelined most of the month because, quite frankly, I didn’t like anything I quite liked.

But that’s where patience and discipline come into play. Indeed, it’s crucial to be able to stay cool and hold your guns until a solid trend shows up… and it finally did!

As you probably have noticed, CHF has been showing strength across the board, gaining ground against all the other currencies. That’s why I was mostly focusing my attention on different CHF-pairs. In yesterday’s post I told you that I was involved in a trade - it was as short entry on AUDCHF which reached its final target at +125 pips after some headaches and some drawdown-enduring. In fact, that position was at some point sitting at around -60′ish pips and very close to my stoploss level. Fortunately, the overall trend finally muscled price in my direction.

The second trade, this one entered this morning, was on CADCHF and again betting for CHF to gain ground. That one cruised pain-free to the +61 pip target within two or three hours. Lovely trade, I wish all of them were like that.

Finally, I took a third trade on CADJPY which is still open and running (+107 pips at the time of writing these lines and stoploss secured at breakeven. I am aiming for around 300 pips on this one). Another stress-free trade that never went into negative upon entry.

So all in all, what a fantastic day! I am sure this trading session will make up for an otherwise disappointing month. I always say that a trader is like a sniper: you gotta sit on your hands without exposing yourself until the target finally centers in your visor. Until that happens, the best trading decision is to limit risk as much as possible. Sooner or later, the CHF will come to rescue :)

Here below I upload the videos of the first two trades (the third one will be uploaded whenever I close it out). The first video is the AUDCHF trade and the second one is the CADJPY trade.






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Hello everyone,

Today I came back to work after a three-day weekend trip to Lisbon (beautiful city by the way!) and as I was scanning through my charts before the London markets opened up I was spotting a solid CHF strength across the board, clearly seeing the CHF gaining ground against most of the other currencies on their respective crosses. So most of my setups were based on the CHF and always betting for the Swiss currency. One of those setups has always triggered and I am still involved in the trade, so I have no video to show you yet (the trade is still open). But rest assured that as soon as I exit out I will upload the full video on the blog as usual.

For the time being, let me show you some pictures of Lisbon :)



Tram climbing the steep streets of Lisbon’s old quarters



The Torre do Belem, a XVth century defensive stronghold



The very Alice-in-Wonderland-esque Castilho do Pena in Sintra, a pretty village 50 kms out of Lisbon



Believe or not, this submarine popped up in front of us as we were walking along the beach, around 500 meters into the sea!

Hello everyone,

Today I was following to trade weakness on the Sterling Pound against USD, CHF or JPY as London market opened its doors.

I was spotting a tight Tokyo range on a downtrending week and my trade plan was to trade the breakout of that range. As it turned out, I couldn’t profit from the initial breakout because I got no pullback to base my entry from, seeing price run for 50 pips straight down with me sitting on the sidelines. About one hour later, price came back to retest breakout levels, which held (or so I thought) and I entered short hoping to see another bearish day. Unfortunately, I was quickly proved wrong by the market and around noon time I had to tip my hat to the market and close out for a relatively small loss (-20 pips).

November is proving to be a tough month so far. We’re half way through the month and I am sitting at breakeven for the month. Oh well, still two weeks left to make some money to pay the bills.

Anyway guys, I hope you enjoy your weekend. I am taking a plane to Lisbon with my lady to disconnect a little bit from this stressing month - a short three-day holidays is always welcome, so I will be back to work next Tuesday with my batteries recharged :)



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