Here’s my counts
Monday 1.7309 highs to Tuesday lows 1.7214. Questionable to take profits here when targets failed to achieve and did we know GBP pairs would skyrocket higher. GBP does this from time to time on an entry then decides to rocket higher. And at the same time when exact entry wasn’t seen.
Then Tuesday 1.7303 highs to Wednesday, today, 1.7133 target. The sell Point was 1.7315 and 1.7341.
Same story with GBP/NZD. Achieved 116 pips on shorts then traded past 2.0304 weekly entry. And did we know GBP would trade higher, no.
But Monday’s 2.0290 was close enough to 2.0304 for entry. The final highs were 2.0400 and passed entry. That’s wonderful.
Let;s assume no short entry at 2.0290 but entered at 2.0304 and add 1 lot at 2.0400. Lows achieved 2.0236. From 2.0400 then 164 pips and 2.0304 is 68.
GBP/NZD target remains far away at 1.9900’s. Should we even take profits and count above pips.
My advice for most traders is get the money 1st and target die to distance, second.
Not sure GBP/AUD is under question at 1.9515 from 1.9480
EUR/CAD runs a loss about 100 pips
Most don’t bother with GBP/ZAR nor NOK and other currencies outside our regular 28
Trades this week were based on trader requests. GBP pairs worked on 2 rounds of shorts. This happens at times especially when we see entry hit on Monday or Tuesday. To respectfully restate for new viewers, the job of the trader is enter and exit at target. This is done Sundays. Never a need to watch screens all week as trades are perfect. We don’t use charts, graphs, stops, indicators. I use math but math formulas that work as many don’t. Peruse the site and my words are backed by performance over 16 years.
Target is never in question as targets are written in math formulas. On occasion we miss an entry but never far from the original weekly entry. Add a lot and continue with the trade to target as a missed entry is free money bonus points.
Open trades as this week all posted on Linked IN, twitter and Fxstreet.
Short 1.9441 and 1.9480 to target 1.9117
Results 1.9515, Lows 1.9351, Trade
runs +164 pips
. Short 1.7315 and 1.7341 to target 1.7133
Results 1.7291 to 1.7199, +92 Pips. Then 1.7304 to 1.7165 lows. Trade
runs +139 pips
Long 1.4357 and 1.4342 to target 1.4534
Results Lows 1.4290, missed entry, add Lot, hold to target
or week end profit
GBP/ZAR short 19.4716 and 19.4886 to target 19.0636.
Results. Horrible Trade
Highs 19.6521, add lot, Lows 19.3771.
From 19.4886, +1115 pips
, From 19.6521, +2750 Pips
. Total 3865 Pips.
Last week’s GBP/ZAR was miss 600 ish pip entry but trade far surpassed target. GBP/ZAR is a 5000 per week movement. Wild currency.