Welcome back to another review of the week. For me this week was one which had loads of momvement that I wasn’t able to capture per my rules and only had 2 trades in the end. So here is how it went.
As you see the FTB caught a decent move. It again makes me happy that I have put more weight on target 1 and actually use targets for FTB which is optimising the system a lot more. The second trade was my short on GbpUsd which came 80% to my target and then reversed. This allowed me to move stops to break even. Would have been a nice winner but not much I can do in the end. I was a bit worried about the head and shoulders we have put in prior and that level so I am not too surprised this happened.
Last week there wasnt too much in terms of our predictions and we only looked at UsdChf so lets see how this played out.
I did end up getting involved on a demo account and it lost almost straight away. It wasn’t too surprising as it was going against a very strong move and we did take into account the higher structure levels which are holding as of now. This is why I demo trade and practice because now this situation is in my mind going forward and is something I will be keeping an eye on very closely for the future and eventually apply it.
So there is my weekly review. Not much on my end so it is a quick one and I will be back with more predictions and reviews as always.