Weekly Trade Count

 

Here’s my counts

 

GBP/CAD

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

 

Brian Twomey

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s