Daily Bulletin

Friday August 13th 2021


Well, you guys have made me proud of you today. There are a host of good trades in - and every one of the was based entirely on weekly chart analysis. Thanks a lot for listening - and for trying so hard. I am delighted ;-)

Will everyone who is reaching, or has already reached their latest goal. please drop me a line and tell me how you are feeling about your forex journey now?

From Rhonda and from me - have a terrific weekend ...


1

Trend Pair*: EUR/NZD
Chart Time-Frame*: 2 hour
Date & UK Time of 1st Entry*: 12/08/21 01:27 PM
Time in Trade*: 3hr 57 min
Range: (Stop to Entry)*: 42
% of Capital *: 2.0%
Buy or Sell Trade*: Buy
:
:
Rate The Move Steepness (1 to 5)*: 3 stars
Rate The Price Action (1 to 5)*: 3 stars
OVERALL RATING (1 to 5)*: 3 stars
:
:
Relevant Details & Your Plan*: EURNZD ended last week toward the bottom of a 350 pip channel and continued down this week until it hit a well established resistance level in the Weekly. Began rising slowly and picked up during the night. Formed a nice Pullback candle in the 2 hr which I used as my Action candle. Was close to TP1 and began falling off so moved my SL to lock in profits. Couldn't get on track to get to the next level and wasn't comfortable leaving it alone so manually closed.
:
Pips? (+ or -)*: +24
ROI%? (+ or -)*: +1.14%
:
Name*: Jim
Location*: Chapel Hill
Demo/Live*: Demo

Good trade based entirely on the weekly, good Jim ;-)


2

Trend Pair*: EUR/NZD
Chart Time-Frame*: 4 hour
Date & UK Time of 1st Entry*: 12/08/21 10:13 AM
Time in Trade*: 9 hours
Range: (Stop to Entry)*: 62
% of Capital *: 2.0%
Buy or Sell Trade*: Buy
:
:
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*: Thank you Alison for the heads up on this pair. This pair has been within a 400 pip range since March as seen in the weekly chart. It had briefly broken through support and came right back in to the range. Found a nice pullback candle in the 4 hour chart. Set my grid and waited for it to trigger. It hit a couple of hours later and slowly progressed up. I did set a bigger stop as shown by the purple dashed line. This was to give it a bigger margin of safety as I was expecting to be in it a while and with the NZD, maybe even over night. My take profit triggered and I saw it on the Oanda App on my Ipad.
:
Pips? (+ or -)*: +43.2
ROI%? (+ or -)*: +1.39%
:
Name*: Rhonda
Location*: Scotland
Demo/Live*: Live

Trading the same move as Jim and in the same way. I like the entry order use. I do think, the entry order is the form of the future for many trades. Good trade, also based entirely on the weekly chart ;-)


3

Trend Pair*: CHF/JPY
Chart Time-Frame*: 8 hour
Date & UK Time of 1st Entry*: 10/08/21 08:45 AM
Time in Trade*: 3 days
Range: (Stop to Entry)*: 42
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Rate The Move Steepness (1 to 5)*: 3 stars
Rate The Price Action (1 to 5)*: 3 stars
OVERALL RATING (1 to 5)*: 3 stars
:
:
Relevant Details & Your Plan*: Pair has been in a 200 pip channel since June. It was mid-range when I spotted it, looking to continue back down to the bottom of the range. When I posted it I said it could go either way, but further investigation in looking for a pullback showed down was the direction. Found pullback in the 8 hour chart, set grid and it triggered about an hour later. I did put a bigger stop on for safety as it was mid-range and could always turn back up. Which it did for a couple of candles as I anticipated. I watched the strength of the CHF against other pairs and it was fairly uniform so I stuck with it - meaning there were no great strides for it to regain dominance. Stepped away with it well into positive territory and returned to find TP1 triggered.
:
Pips? (+ or -)*: +29.4
ROI%? (+ or -)*: +1.40%
:
Name*: Rhonda
Location*: Soctland
Demo/Live*: Live

Another good trade Rhonda - well done ;-)


4


Trend Pair*: CAD/JPY
Chart Time-Frame*: 4 hour
Date & UK Time of 1st Entry*: 12/08/21 03:58 PM
Time in Trade*: 17 hours 32 min
Range: (Stop to Entry)*: 20
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Rate The Move Steepness (1 to 5)*: 1 star
Rate The Price Action (1 to 5)*: 1 star
OVERALL RATING (1 to 5)*: 1 star
:
:
Relevant Details & Your Plan*: Thanks to Rhonda for the heads-up. Weekly bounced off of resistance at 88.40 heading back into the 150 pip channel it has been in for the last month. Weekly also showed a clear path so decided to trade this despite the market being slow and my low rating. I set an entry order. Trade kicked after a couple of hours and spent most of its time in negative territory but was gradually making lower highs. Kept an eye on it with my phone. Reduced my TP to 1% and let it run overnight, checking it whenever I woke up. Came down in earnest around 6.00am and hit my take profit at 9.30.
:
Pips? (+ or -)*: +10.5
ROI%? (+ or -)*: +1.05%
:
Name*: David
Location*: Dorset
Demo/Live*: Demo

Because you have only just returned after a long layoff, I can't tell you how pleased I am with this trade which you based on the weekly chart. Well done. It's exactly what I want to see from you, and I know you will be very pleased with yourself David. Good Job ;-)


5

Trend Pair*: GBP/NZD
Chart Time-Frame*: 2 hour
Date & UK Time of 1st Entry*: 12/08/21 09:58 PM
Time in Trade*: 14h 17m
Range: (Stop to Entry)*: 60
% of Capital *: 2.0%
Buy or Sell Trade*: Buy
:
:
Rate The Move Steepness (1 to 5)*: 3 stars
Rate The Price Action (1 to 5)*: 3 stars
OVERALL RATING (1 to 5)*: 3 stars
:
:
Relevant Details & Your Plan*: In the weekly the pair are in a 300 pip channel following an upward sentiment from January with a pullback. The pair were at the bottom of the channel so a buy trade had potential.

I found an entry in the 2H, set an entry order which triggered within an hour. I had set my stop below the bottom of the channel so was comfortable with leaving overnight, in fact I thought the entry might have triggered overnight. The trade went in and out of profit within my tolerance. I eventually exited when it reached 1% to add to my goal.
:
Pips? (+ or -)*: 30
ROI%? (+ or -)*: 1%
:
Name*: Mark
Location*: Skipton
Demo/Live*: Demo

Excellent Mark ;-)


6

Trend Pair*: GBP/CHF
Chart Time-Frame*: 8 hour
Date & UK Time of 1st Entry*: 12/08/21 10:05 PM
Time in Trade*: 15hrs
Range: (Stop to Entry)*: 35
% 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*: Thx Rhonda for heads up. Weekly this pair had tested and been rejected several times at a resistance point around 1.2800 since April. It was rejected again 10, 11 and 12 August in daily. clear pullback in the 8hr chart, set up grid and entry order. Entry order triggered during the night and in the morning it was positive. Movement was down but slow. The pair hesitated for about 4 hours at a point where there were a number of historical wicks left and the new candle also hestitated at this point. I did not want to leave it over the weekend as market in general seems slow so TTM while positive.
:
Pips? (+ or -)*: +17
ROI%? (+ or -)*: +1%
:
Name*: Serena
Location*: Cape Town
Demo/Live*: Demo

This is a very good trade by you and I am pleased with it as I'm sure you are. You used the weekly - well done...

There's just one important point. This isn't just about the resistance you mention in your report. This is in a 200+ pip channel - and you should be aware of that because it adds to your intrpretation of what is happening. So always throw a couple of lines on the weekly Serena when it's in any way sideways - it gives a really good big-picture heads-up ;-)

See my chart below...


7

Trend Pair*: EUR/NZD
Chart Time-Frame*: 1 hour
Date & UK Time of 1st Entry*: 12/08/21 03:55 PM
Time in Trade*: 18h 23
Range: (Stop to Entry)*: 60
% of Capital *: 2.0%
Buy or Sell Trade*: Buy
:
:
Rate The Move Steepness (1 to 5)*: 4 stars
Rate The Price Action (1 to 5)*: 3 stars
OVERALL RATING (1 to 5)*: 3 stars
:
:
Relevant Details & Your Plan*: The pair have been bumping along a historic barrier since February, for the last 2 week in a 400 pip channel. The pair were at the bottom of the channel so a buy trade had potential.

I missed the first entry in the 4H but dropped down to the 1H to enter later. The trade ran out of steam and went sideways, I left it overnight with a big enough stop. The trade finally picked up again and exited when it reversed at a price too high ignore on a Friday.
:
Pips? (+ or -)*: 26.8
ROI%? (+ or -)*: 0.89%
:
Name*: Mark
Location*: Skipton
Demo/Live*: Demo

And again, very good ;-)


8

Trend Pair*: USD/CHF
Chart Time-Frame*: 4 hour
Date & UK Time of 1st Entry*: 13/08/21 10:29 AM
Time in Trade*: 1H 50m
Range: (Stop to Entry)*: 60
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Rate The Move Steepness (1 to 5)*: 1 star
Rate The Price Action (1 to 5)*: 1 star
OVERALL RATING (1 to 5)*: 1 star
:
:
Relevant Details & Your Plan*: The pair has had a turbulent 12 months. Following a violent retracement, the pair have been rebalancing but always returning to .9240. This morning they were at .9240 so a rebalance sell trade had potential.

I found an entry in the 4H and entered with a market order immediately. The trade went positive straight away. I monitored closely until I reached my target for the week then exited.
:
Pips? (+ or -)*: 10.6
ROI%? (+ or -)*: 0.35
:
Name*: Mark
Location*: Skipton
Demo/Live*: Demo

And yet again - very good Mark, your reading of the weekly is spot-on in all three trades ;-)


9

Trend Pair*: USD/JPY
Chart Time-Frame*: 2 hour
Date & UK Time of 1st Entry*: 13/08/21 12:34 PM
Time in Trade*: 1hr 57min
Range: (Stop to Entry)*: 10
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Rate The Move Steepness (1 to 5)*: 1 star
Rate The Price Action (1 to 5)*: 1 star
OVERALL RATING (1 to 5)*: 1 star
:
:
Relevant Details & Your Plan*: Earlier this week USDJPY had been attempting to reach a resistance level near 111 but was unsuccessful. It began to fall back slowly and more quickly after the London Open today. There was a pullback in the 5am 2hr candle which I used as my Action candle. This was going to be a managed trade with high pip value. I set my TP1 at 2% which triggered.
:
Pips? (+ or -)*: +10
ROI%? (+ or -)*: +2%
:
Name*: Jim
Location*: Chapel Hill
Demo/Live*: Demo

I told you years ago JIm, that 'if you ever found the time, you'd be dangerous.' Do you remember that ?
Well I was right, wasn't I ? Well done ;-)



Monday*: NT
Tuesday*: +23
Wednesday*: NT
Thursday*: NT
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +23
Week's Total Roi %: +1.0%
Accumulative ROI %: +11.5%


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

Well congratulations to you Adrian. This is your
second completed goal. In the first 2 weeks, your
goal was to send in 2 positive trades a week for two
consecutve weeks and then to stop trading. You achieved
that and told me what it did for your confidence and self-esteem.
Your next 2 week goal, which you had achieved on Monday or
Tuesday this week, was 1% and stop for 2 consecutive weeks
and YOU'VE DONE IT..... Well done, I am delighted for you ;-)


Monday*: +39, +21
Tuesday*: NT
Wednesday*: NT
Thursday*: NT
Friday*: UTT
:
Remarks (Optional):
:
Week's Total Pips: +60
Week's Total Roi %: +1.84
Accumulative ROI %: +20.74


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

And congratulations to you Geoff, Your goal is
1.5% a week for 4 weeks and you have just completed
the first two. Very well done. It is challenging, but I
believe that for you, it is achievable.
Well done again this week ;-)


Monday*: +13
Tuesday*: NT
Wednesday*: NT
Thursday*: NT
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +13
Week's Total Roi %: +0.70%
Accumulative ROI %: +30.71%


:
Name*: Alison
Location*: Australia
Demo or Live: Live

I know work is getting in the way, I hope
you are finding the transition to the weekly
chart OK with trading live. It might be an idea
to go back to demo whist you build your
confidence in trading longer-term and analyzing
the weekly. My inclination would be to do that.
What do you think Ali ?



Monday*: UTT
Tuesday*: UTT
Wednesday*: NT
Thursday*: +10.5
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: 10.5
Week's Total Roi %: 1.05%
Accumulative ROI %: +2.2%


:
Name*: David
Location*: Dorset
Demo or Live: Demo

Congratulations David. This is a very big milestone for you and I.
Back two week and you've achieved you goal of 1% a week for two
consecutive weeks. I am just delighted for you. Drop me a quick
email and tell me this achievement has meant to your confidence?
Well done indeed ;-)


Monday*: -3, +10
Tuesday*: -11
Wednesday*: NT
Thursday*: UTT
Friday*: UTT
:
Remarks (Optional):
:
Week's Total Pips: -4
Week's Total Roi %: -0.18
Accumulative ROI %: +73.76
:
Name*: Mal
Location*: London
Demo or Live: Live

I know you'll be very busy so no comments for this week Mal ;-)


Monday*: UTT
Tuesday*: UTT
Wednesday*: NTT
Thursday*: NTT
Friday*: +17
:
I had 3 set ups during the week. One trade still active and the 3rd has not triggered yet.
One trade completed during the week.
:
Week's Total Pips: +17
Week's Total Roi %: 1%
Accumulative ROI %: 2.3%


:
Name*: Serena
Location*: Cape Town
Demo or Live: Demo

I'm setting you a goal of two trades a week for two
consecutive weeks
Serena.

They can be positive or negative, I don't care
. We have
to get you trading regularly. I will explain more about it
but if anyone can get 15 minutes into their schedule,
3 or 4 times a week at most - they can easily assess
and analyze in that time. Even if you have to get-up
15 minutes earlier to achieve that - you can become an
awesome trader. No kidding ;-)

We'll count this as your first week... Deal?



Monday*: NT
Tuesday*: +23
Wednesday*: +30
Thursday*: NT
Friday*: +26.7;+10.6
:
Remarks (Optional): Well i didn't think I would achieve my goal this week, but as ever with your help Sid I have.

Thanks
:
Week's Total Pips: 90.3
Week's Total Roi %: 3%
Accumulative ROI %: 58.19%


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

You get my MOST IMPROVED trader award this week. You have
completed the goal we agreed - it was 3% a week for two consecutive
weeks. I can tell you now that you are in excellent company because
3% a week capability is a huge thing. VERY WELL DONE Mark ;-)
Congratulations...



Monday*: NT
Tuesday*: +13.8
Wednesday*: NT
Thursday*: +34, +43.2
Friday*: +29.4
:
Remarks (Optional):
:
Week's Total Pips: +120.40
Week's Total Roi %: +7.16
Accumulative ROI %: +214.26%


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

You are continually proving, not only that you are
one fabulous trader, but more importantly that the
weekly chart is where success lies. It takes a little
while to appreciate this, but you show me that you
appreciate it fully....

7.16% is another fabulous week's trading.
WELL DONE Rhonda ;-)


Monday*: NT
Tuesday*: NT
Wednesday*: NT
Thursday*: +24
Friday*: +10
:
Remarks (Optional):
:
Week's Total Pips: +34
Week's Total Roi %: +3.14%
Accumulative ROI %: +21.45


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

WELL DONE Jim !! Your goal is 3% a week for three consecutive
weeks and this was your first week. 3% a week is tough - but you

have made an excellent beginning. I'm pretty pleased about this my friend
as I'm sure you are aware ;-)


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