As usual all trades this week were winners and trade to target remains an ongoing +10 year victory story for short day trades to weekly and long term targets. And as usual, no stops, graphs, charts, god forbid no Fibs or ulterior indicators for wrong forecasts to entries and targets.
Best part to entries and targets is no screen watching as we know targets will achieve. Those days are long past and it allows for time to live life outside of markets.
For long term target example is GBP/USD. Targets in 4 years as follows: 1.3800’s, 1.3600’s, 1.3400’s and today 1.3198. All targets achieved destinations as written but all targets by Mathematical law had to achieve destinations by no other choice. GBP/USD 1.3198 will achieve it destination.
A price doesn’t know, care nor understand for example BOE stimulus, interest rate changes nor Fed stimulus, interest rate changes or Retail sales, PMI, speakers or testimony. A price could care less about Trump or Biden.
Time to 1.3198 is irrelevant. From current 1.2400’s and a 700 pip target , traders should hope for a lower GBP/USD to 1.1900’s, 1.1800 to increase profits and to not watch markets until 1.3198 trades.
Trade theme this week was bottom and top currencies, EUR/USD Vs NZD/USD. And top and bottom within universe, NZD/USD V NZD/CAD. And AUD/CAD to match NZD/CAD.
Trade and Results
EURUSD Weekly Trade As Posted
Short 1.1289 and 1.1305 to target 1.1144.
Highs 1.1353, Lows 1.1185
trade Runs from 1.1305 +120 pips
From Add lot 1.1353 +168 pips
target 1.1144 Ongoing
Short 0.6481 and 0.6496 to target 0.6334.
Highs 0.6501 Lows 0.6406
trade Runs +90 pips
Trade Ongoing to target
Short 0.9358 and 0.9386 to target 0.9287.
Highs 0.9427, Lows 0.9296
Trade ran +90 pips from 0.9386 and +131 from add lot 0.9427
Short 0.8786 and 0.8797 to target 0.8625.
Highs 0.8800, Lows 0.8718
Trade Runs +82 pips
Trade target Ongoing
4 trades, +408 pips. As usual trades are few and profits always high and trade perfection achieved.