Daily Bulletin

Friday August 6th 2021


It's really hard to remember that Mal used to turn in more negative trades than anyone else ,when we introduced this current strategy less than a year and a half ago, This week his 5% plus should be a beacon for everyone.

When you are not yet successful, and you think you'll NEVER get to where Mal is, I think it's really helpful to remember that Mal, and Rhonda, to name just two, went through month after month getting nothing but negatives.....

I encourage you to talk to me on an individual basis about setting short-term achiveable goals. Seriously, this has an importance far greater than you may think.

Adrian, Mark annd Geoff are, I am sure, already feeling a difference in their attitude to trading. You'll find this difficult to understand unless and until you decide to come out of the shadows and let me help you ;-)

That's my message for this week. Happy holidays if you are off next week.

Have a wonderful weekend...


1

Trend Pair*: AUD/CAD
Chart Time-Frame*: Daily
Date & UK Time of 1st Entry*: 05/08/21 02:21 AM
Time in Trade*: 1 day, 2 hours and 25 minutes
Range: (Stop to Entry)*: 80
% of Capital *: 0.5%
Buy or Sell Trade*: Sell
:
:
Rate The Move Steepness (1 to 5)*: 2 stars
Rate The Price Action (1 to 5)*: 2 stars
OVERALL RATING (1 to 5)*: 2 stars
:
:
Relevant Details & Your Plan*: First practice trade after goals setting. I was checking the weekly and on the pair AUD/CAD noticed the sentiment was down. I put a Limit order at 0.9261 at 7:21 a.m. (EST) with a Stop Loss of 80 because it was a Long Term Trade for 1 penny a pip. At 8:23 a.m. (EST) the trade triggered and it was moving up and down with not too much movement. At 10:38 p.m. when I was ready to go to bed I was 24 pips and decided to let it run but I made the decision to move the stop loss to 15 pips and the next day at 4:46 a.m .(EST) the stop loss triggered at 0.9250 and I made +10 pips.

Sid, I noticed the form does not have a Weekly Time Frame so that was the reason I put Daily.
Thank you.
:
Pips? (+ or -)*: +10
ROI%? (+ or -)*: 0.0
:
Name*: Betsy
Location*: New York
Demo/Live*: Demo

Well done Betsy, in particular for reaching your goal this week when we only set this goal a few days ago. I am very pleased to get it.

No real critique today because it will take a little while to get to grips with all the changes. But you know Betsy, I always give full marks for trying - so you get full marks today. Well done.

A Couple of things to remember. Wd no longer use EMAs, so you can take them off your charts. And the other thing is that we don't trade in the weekly chart - it's just for analyzing and planning your trades.

Welcome back ;-)


2

Trend Pair*: CHF/JPY
Chart Time-Frame*: 2 hour
Date & UK Time of 1st Entry*: 06/08/21 10:24 AM
Time in Trade*: 2 hours 58 mins
Range: (Stop to Entry)*: 18
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Rate The Move Steepness (1 to 5)*: 2 stars
Rate The Price Action (1 to 5)*: 2 stars
OVERALL RATING (1 to 5)*: 2 stars
:
:
Relevant Details & Your Plan*: Thanks to Rhonda for the heads-up. Weekly had been in a 200 pip range for the last six weeks and price had bounced off of top barrier and was tracking down. Found a pullback in the 2 hour and set an entry order. Given the fairly tight range the plan was to watch this closely and to get out if the price went above the high of the previous candle. The entry order was triggered and the price started to rise, it came close to the previous candle's high but did not pass it. It felt good having the pre-planned exit point as this took away all the emotion. Price did come down to around breakeven but kept getting pushed back into negative territory. Went four or so pips positive but got pushed back to around breakeven again. NFP announcement was minutes away so decided to close out while positive rather than try ride it with such a small range. Pair seemed set on staying close the top barrier for now anyway, so one to watch for next week.
:
Pips? (+ or -)*: +0.7
ROI%? (+ or -)*: +0.08%
:
Name*: David
Location*: Dorset
Demo/Live*: Demo

Good effort David and very sensible to avoid NFP, well done ;-)



Monday*: +1.0
Tuesday*: +0.86
Wednesday*: NTT
Thursday*: UTT
Friday*: UTT
:
Made my target in 2 days trading. Off now for a long weekend in the Highlands.
:
Week's Total Pips: 113
Week's Total Roi %: 1.86
Accumulative ROI %: 18.9


:
Name*: Geoff
Location*: Edinburgh
Demo or Live: Demo

Well done.

In the Highlands, where Rhonda and I live - look out for the three-legged variation of the haggis. It's a misnomer because they don't actually have three legs at all. It's just that one is shorter than the others from continually running round and round the hills, and that makes them limp and look as if they have three legs.

Geoff, we need to see your pip totals per day please, not your ROI ;-)



Monday*: NT
Tuesday*: NT
Wednesday*: NT
Thursday*: +61
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +61
Week's Total Roi %: +1.0%
Accumulative ROI %: +10.4%


:
Name*: Adrian
Location*: Bristol
Demo or Live: Demo

Well done here too. Keep it up Adrian ;-)



Monday*: UTT
Tuesday*: +15.8
Wednesday*: NT
Thursday*: NT
Friday*: UTT
:
Remarks (Optional):
:
Week's Total Pips: +15.8
Week's Total Roi %: +0.99
Accumulative ROI %: +6.6


:
Name*: Clare
Location*: Saffron Walden
Demo or Live: Demo

Good, I look forward to setting out your goal
when you return. You do realize I hope that after
a period of nothing but negatives, you are now
more than capable of really good trading....



Monday*: NTT
Tuesday*: UTT
Wednesday*: -36
Thursday*: NTT
Friday*: UTT
:
Remarks (Optional):
:
Week's Total Pips: -36
Week's Total Roi %: -1.2%
Accumulative ROI %: +1.3
:
Name*: Serena
Location*: Cape Town
Demo or Live: Demo

And if you would simply schedule an extra 15 minutes less sleep
four days a week (that's an hour a week total, you'd be giving
yourself a real chance ;-)


Monday*: UTT
Tuesday*: +40, +52
Wednesday*: +23
Thursday*: NT
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +115
Week's Total Roi %: +5.3
Accumulative ROI %: +73.95


:
Name*: Mal
Location*: London
Demo or Live: Live

AGAIN........WELL DONE MAL...... especially in
high summer. This 5.3% return on investment in ONE
WEEK should be extraordinary, but you have made
it a norm. Absolutely brilliant ;-)


Monday*: UTT
Tuesday*: -40
Wednesday*: UTT
Thursday*: NT
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: -40
Week's Total Roi %: -0.50
Accumulative ROI %: 6.55%
:
Name*: Jesse
Location*: Wisconsin
Demo or Live: Demo

I know you, in particular, will have learned
a lot this week. I look forward to your
continued efforts Jesse ;-)


Monday*: +8.6
Tuesday*: +14.3
Wednesday*: NT
Thursday*: UTT
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +22.9
Week's Total Roi %: +3.08%
Accumulative ROI %: 193.26%


:
Name*: Rhonda
Location*: Scotland
Demo or Live: Live

Well Rhonda, between migraines, a summertime
market and other distractions, a 3% week will do
for me.... WELL DONE ;-)


Monday*: NT
Tuesday*: -17.1, +30
Wednesday*: NT
Thursday*: NT
Friday*: NT
:
Remarks (Optional): Slow week, I have been trying to sit on my hands and not trade poor movement :)
:
Week's Total Pips: +12.9
Week's Total Roi %: +0.48%
Accumulative ROI %: +30.01%
:
Name*: Alison
Location*: Australia
Demo or Live: Live

Sensible way to operate Alison ;-)


Monday*: UTT
Tuesday*: UTT
Wednesday*: 0 pips
Thursday*: UTT
Friday*: UTT
:
Remarks (Optional):
:
Week's Total Pips: 0
Week's Total Roi %: 0%
Accumulative ROI %: +5.8%
:
Name*: Mick
Location*: Skipton
Demo or Live: Demo

Good try MIck. I hope you can schedule
some time for trading as we go forward ;-)



Monday*: UTT
Tuesday*: 0.0
Wednesday*: NT
Thursday*: NT
Friday*: +0.7
:
Didn't make my weekly target but happy with the decisions I made this week and to finish on a small positive.
:
Week's Total Pips: +0.7
Week's Total Roi %: +0.08%
Accumulative ROI %: +1.15%
:
Name*: David
Location*: Dorset

Yep - I agree 100%. You've started on a goal midweek
and it wasn't the best of weeks to start on. But you're
back, and you're trading, and that's brilliant ;-)


Monday*: +60
Tuesday*: NT
Wednesday*: NT
Thursday*: +25
Friday*: +25
:
Remarks (Optional):
:
Week's Total Pips: 110
Week's Total Roi %: 4%
Accumulative ROI %: 55.3%


:
Name*: Mark
Location*: Skipton
Demo or Live: Demo

And I have to applaud you Mark. That's a really excellent
week from you. I am very impressed with yout consistently good results...
WELL DONE ;-)


Monday*: UTT
Tuesday*: UTT
Wednesday*: NT
Thursday*: +3
Friday*: +13
:
Remarks (Optional):
:
Week's Total Pips: +16
Week's Total Roi %: +1.83
Accumulative ROI %: +18.31


:
Name*: Jim
Location*: Chapel Hill
Demo or Live: Demo

Almost 2% Jim. Now we decided on your goal
let's see whta happens next ;-)


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