Hello everyone!

“Oh, the irony!” could have been a suitable title for this post. Two days ago I traded what it seemed to me an iron-solid setup and I had to exit out licking my wounds for -28 pips. Today, in the other hand, I spotted a rather scrappy setup that behaved beautifully from the beginning to the end! It was a range breakout in the direction of the Moving Averages on GBPCAD and it literally sailed north right away, reaching my +72 pip target within one hour and a half. It was a delight to see that thing climbing up all the way through!

As a general note I’d like to mention that I am seeing the market a little bit upset during the last few days, with some inconsistencies across the board. For example, GBPUSD has risen around 250 pips in the last three days wheras EURUSD has lost as much during the same period of time. That’s not really normal as those two crosses move synchronized about 80% of the time. Just a heads up…



Do you want to receive my periodical emails with useful trading tips, strategies, systems and all around interesting stuff? Sign up to my News Letter at the top-right corner of this page!