This week was a first for me as I literally didn’t have any setups that meet my rules. However there was a particular scenario on a cypher pattern which ended up discovering a little grey area in my rules which put me in doubt. As my coaches say, if in doubt stay out. So I did. Aside from my live trading, I actually had quite a profitable week on my demo accounts day trading and swing trading which I have began backtesting so I can slowly start integrating them into my live portfolio.
Last week we looked at AudJpy potential head and shoulders and this is how it played out.
As you see the prediction didn’t exactly play out as predicted. However we are still holding that same support level marked up initially which could give us a move up but nothing I am interested in for now. This was the review for this week. Very quick but not too much to cover so we continue as usual. Predictions out on Monday and a good little tip/lesson coming on wednesday for you aswell.