As I progress on my journey,  I figure it would be a good time to start doing weekly recaps at the end of each week. It's not just a good idea for myself, but I like to keep my viewers up to date with how I'm doing with my returns. This week went well for me I must say, finishing with just over 3% profit. My monthly goal is returns anywhere between 5-10% profit. To do 3% the first week of June definitely helps as I move into the next three weeks. Trading can be an interesting game though, and if you're not disciplined, trading consistently can become very hard to achieve. I feel as though in these last couple months I have entered the "threshold of consistency" as Lewis Mocker would say. Everyone should check out Lewis by the way, and his company ""(this was not a paid ad lol, I took his course and it's changed my life so I promote it, for free, whenever I can). Getting into more of the trading side now, I'd like to show screenshots of the trades I took this week.

  1. The first was USD/CAD short. A beautiful retrace to the 0.236 fib level with rejection. usdcad
  2. Trade number two for this week was actually tied into the USD/CAD short. I took AUD/USD long in a hedge position if you will at the same time as the trade above. Basically a mirror image of each other, they both rejected 0.236 so well it just made sense to execute both trades. audusd
  3. Trade number three was USD/CAD, this trade however did not go in my favour and that's okay. I saw this pair retracing lower and lower with what looked to be deceleration, which turned out to be right, I just got into the trade too early. As you can see below where the green arrow is, is where I entered. I saw a small doji which looked to me to be the bottom of the run, however it turned out it was not quite over. I was eventually taken out for -1%.usdcad2
  4. Trade number four was USD/CAD once again. I wrote about how for me to go long again I would need to see a break above and retest of the 50ema, I lied. I managed to find a very nice entry point the next day with some of the criteria I was looking for when I lost the trade the day before. Realizing I had five factors of confluence for this trade the next day, it was too good to pass up, so I took it long. usdcad3

Finishing off the week up just over 3% in profit, a total of 142 pips. Good week for myself, hopefully everyone of you had a good week as well. Even though it's Friday, this doesn't mean to kick back and take the night off. I'm sure you've all heard T.G.I.F before, and I think the meaning should be changed. Everyone seems to think Thank God It's Friday, however people with dreams like to think of it as The Grind Includes Friday. In saying this, it's a great time to review your own performance and keep yourself on track. Onto next week!

Happy Trading!

Disclaimer: This is not investment advice. These are trades I have taken and by the time you read this will have already come and gone. These are not signals and this is not a signal service. Trade at your own risk!

Published by MyFX Blog