Weekly Trades: May 18 -22, 2020

NZDJPY This week traded 300 pips Perfect entry  and target 

 

EURNZD 300 pips Perfect entry and target 

GBPJPY 300 pips Perfect entry and target

EURJPY 300 pips Perfect entry and target

GBPNZD 500 pips No trade no entry

 

NZDCHF 200 pips Perfect entry and target

EURUSD 200 pips perfect entry and target

AUDJPY 200 pips perfect entry and target

AUDUSD 200 pips entry from break

GBPCAD 100 Pips, 30 ish pips off entry, target not yet achieved 

EUR/AUD No entry, no trade

GBPAUD way off entry

USD/CAD No entry, no trade

CAD/JPY perfect entry, target achieved, 200 pips

EURUSD Perfect entry, target achieved 1st leg, within 30 ish pips to target on 2nd leg.

NZDCHF 200 pips, perfect entry and target

NZDUSD Missed entry on 1st leg by 30 ish pips. +40 pips on 2nd leg , target not yet achieved.

EUR/AUD Vs GBPAUD last 4 weeks, Running 1 week perfect then next week off, next week perfect then next week off.

2 weeks perfect vs 2 weeks off. Off for GBPAUD is 2 to 300 pips entries and perfect results in profit 300 pips profit.

AUDUSD partly responsible as AUD been slightly off for weeks. Off means 20 and 30 pips.

 

Overall, ranges are slowly compressing. AUDUSD for example is now down to 98 pips from a whopping 200 less than 2 weeks ago. GBP ranges are compressing. EURUSD was already in compression mode last 4 weeks. Rarely does Eur have a good range week. Wide ranger GBPAUD and GBP/NZD ranges are compressing.

We’re heading to severe range markets. For us, it doesn’t matter what type of markets trade, as we have it all completely covered. Actually make more money in range markets as entries and targets become just as perfect. but also we;ll have more trades per week and per currency pair. Range markets are just as easy to forecast.

 

Brian Twomey

 

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