Daily Bulletin

Friday September 17th 2021


I was very pleasantly surprised as i compiled today's bulletin, after what seemed to be a really crap week. But as I started to look and comment I started enjoying this week's results, especially from Phillip and Mick who are starting afresh in different corners of the world. I see real progress and understanding starting to blossom in both of them.. It's not yet translated into big ROIs, but I definitely see green shoots and I'm delighted. Of course, now I've actually written that, I'm hoping i don't jinx them in this coming week ;-)

What Jim from the USA, Rhonda frorm Scotland and Michelle from New Zealand show us all - is that it only takes a few trades a week to earn great returns. In fact Michelle only had to do one trade this week to get her regular, recurring 2% a week. And I'll remind you all that a regular 2% a week, compounds to 165% a year. And yes, I am going to say it again - my bank is paying 0.2% a year on savings. I'll bet yours is too.

Folks, there isn't one person here who couldn't earn 165% a year and have total control of their money at all times.....

That'll do. Have a wonderful weekend. Ours starts this evening....... way to go'ooooooo...


1

Trend Pair*: EUR/JPY
Chart Time-Frame*: Daily
Date & UK Time of 1st Entry*: 14/09/21 07:30 PM
Time in Trade*: 44hrs
Range: (Stop to Entry)*: 60
% 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)*: 4 stars
OVERALL RATING (1 to 5)*: 4 stars
:
:
Relevant Details & Your Plan*: Has been moving down since May when it reached a fairly significant high. The last 2 weeks of August showed 2 strong green candles which look like a pull back of the downward move. It has also been in a 200 pip channel for 8 weeks which this pair can do before continuing a move.
After analysing the weekly chart I found a pull back in the daily and set a MO (EO) on Monday with was triggered on Tuesday. It made a good strong red candle yesterday and continued today before it pulled back. It made 2% but I locked in + 1% as I couldn’t watch this today. On reflection the previous low at 128.60 in July looks more significant than I realised as this was the same rejection point today
:
Pips? (+ or -)*: +45
ROI%? (+ or -)*: 1.3%
:
Name*: Mick
Location*: Skipton
Demo/Live*: Demo


You should be pleased with this trade, well done...

Bearing in mind where you are in your development as a trader right now, it might be that you should think about taking the money at 2%, when you can't actually be there to watch from time to time. That's a not a criticism, it's a suggestion ;-)

And you are right to notice the previous wick at 128.60 - only because you are in a daily, big time-frame chart.

I am pleased with this trade and report, very good ;-)


2

Trend Pair*: EUR/JPY
Chart Time-Frame*: 8 hour
Date & UK Time of 1st Entry*: 16/09/21 08:20 AM
Time in Trade*: 24 Hours
Range: (Stop to Entry)*: 52
% 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*: Currency has been going down since May and now in a channel moving down since last week. The plan was for a sell trade to the bottom of the channel. I was already in the trade when I listened to the recording of the last meeting and coincidently it was the pair the that you were assessing and you were also of the opinion that it could possibly be a long term sell. It went to +25pips and then started to retrace, as I was hoping it would go to the bottom of the channel I decided to let it go back in the expectation that it would turn and start moving down again, unfortunately it kept going up and hit the stop.
:
Pips? (+ or -)*: -52 pip
ROI%? (+ or -)*: -2%
:
Name*: John
Location*: Melbourne
Demo/Live*: Demo

 

Well John, as you know, I did assess this as you say. See below for what it looks like now, and you'll see that it could still go as I said on Wednesday. Whether it does or it doesn't, this was a good shout on your part, so don't be disappointed. For both of us, the question is this.....

If either of us really intended to stay in this all the way to TP2 - was the 50 pip stop really big enough. Below is my original Wednesday chart and you'll see that my stop was only just big enough. So - if you really are going to stay in for days (which is what this is really all about) you need to extend the stop - OR, have a rule that gives you a get-out instruction at a certain negative point.

There's no rule about this. The market is not condusive to very long sustained trades right now - which is another factor against staying in. But don't be disappointed, it was a good shout ;-)


3


Trend Pair*: EUR/USD
Chart Time-Frame*: 4 hour
Date & UK Time of 1st Entry*: 17/09/21 01:58 PM
Time in Trade*: 12 minutes
Range: (Stop to Entry)*: 15
% 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)*: 3 stars
OVERALL RATING (1 to 5)*: 2 stars
:
:
Relevant Details & Your Plan*: A continuation of this pair to the down side. Difficult to trade as I have to get ready for work. Found a pull-back in the 4 hour chart. Action candle produced a 12 pip upper wick confirming a possible turn back to the down side. Possible 25 pips before reaching a weekly barrier at 1.1750 so I'd need to manage this trade closely. Price moved down immediately and as soon as it went positive I TTM. Completed first week, third trade feeling good.
:
Pips? (+ or -)*: =2.6
ROI%? (+ or -)*: +0.24
:
Name*: Phillip
Location*: California
Demo/Live*: Demo

Yes, I'm pleased with your week too. Well done. After such a long layoff, you'll need to reprogram your brain away from small gains. This is about forecasting from the weekly chart big-picture, not about scalping a couple of pips. See my chart below...

You will need to become familiar with the oanda app so that you can manage trades on the run and get alerts etc.

Please rememeber that I have asked for and ask again for detailed weekly chart analysis - even though you might have given it before, I rarely remember what happened in yesterday's reports.

However - no doubt about the fact that you did very well this week ;-)


Trend Pair*: USD/CHF
Chart Time-Frame*: 4 hour
Date & UK Time of 1st Entry*: 17/09/21 01:32 PM
Time in Trade*: 3 hours
Range: (Stop to Entry)*: 27
% 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*: This pair had been in a 100 pip range the past 5 or 6 weeks. I posted it earlier this week expecting a sell trade but when I looked at it today it had broken out of the range and was poised to keep going. I found a pullback in the 4 hour chart and set my grid. It triggered several hours later and did its thing. When I came back I saw that it was well on its way. I let it go for a bit past TP1, but as it continued to pull back I decided to TTM on this Friday afternoon and call it a week.
:
Pips? (+ or -)*: +24
ROI%? (+ or -)*: +1.78
:
Name*: Rhonda
Location*: Scotland
Demo/Live*: Live

 

I love this because it is a copybook trade, straight out of the rule book. It was in a channel in the weekly chart. It broke out to the upside, so it became an obvious candidate for a buy trade - decision made. All that's left to do is to drop down and find a pull-back. Job done by the book. SO SIMPLE.....

And for almost 2% return. Don't you just love this system ;-)


 


Monday*: NT
Tuesday*: NT
Wednesday*: -30 pips (-1%)
Thursday*: NT
Friday*: + 45 pips (+1.3%)
:
Remarks (Optional):
:
Week's Total Pips: +15
Week's Total Roi %: +0.3%
Accumulative ROI %:


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

First week back and still green but you
did exactly what I asked and hit your goal.
At least two trades a week, neg or pos, and
your second trade was a cracker...
Well done ;-)


Monday*: -17
Tuesday*: NTT
Wednesday*: NTT
Thursday*: UTT
Friday*: UTT
:
Target missed again but have set ups in place and missed one yesterday. It was set up but had not activated entry order it would have triggered yesterday afternoon. Will be bolder on that and put the entry orders in as i set up as can always change it if it does not come off
:
Week's Total Pips: -17
Week's Total Roi %: -1
Accumulative ROI %: 2.6
:
Name*: Serena
Location*: Cape Town
Demo or Live: Demo

Actually, I don't mind because I do feel that you
are really getting this system now, and i have
no doubt that we'll be seeing a lot more from you.
Be encouraged Serena. You know i have faith in you ;-)



Monday*: NT
Tuesday*: NT
Wednesday*: +32
Thursday*: NT
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +32
Week's Total Roi %: +2%
Accumulative ROI %: +49.15%


:
Name*: Michelle
Location*: NZ
Demo or Live: Demo

And you've done it again - maintained your
stated 2% a week average yet again, and
with just one trade....

Well done Michelle ;-)


Monday*: UTT
Tuesday*: NT
Wednesday*: -34.5
Thursday*: NT
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: -34.5
Week's Total Roi %: -2.07
Accumulative ROI %: +9.26
:
Name*: Clare
Location*: Saffron Walden
Demo or Live: Demo

Good! Keep at it, you know you neeed to trade a bit more
to get where you wantto be and you're learning all the time ;-)



Monday*: UTT
Tuesday*: NT
Wednesday*: +11.8
Thursday*: NT
Friday*: NT
:
Remarks (Optional): Happy to finish on a positive on another tight week.
:
Week's Total Pips: 11.8
Week's Total Roi %: +0.81%
Accumulative ROI %: +2.81%


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

You know that you need to try and trade a bit more too David.
You are capable of good things, you are in demo, so you can
try things to get a bit nearer the bone even if you get negatives.
You do need more exposure - that's all it is ;-)


Monday*: NT
Tuesday*: NT
Wednesday*: -11.1
Thursday*: +9.4
Friday*: +2.6
:
Remarks (Optional):
:
Week's Total Pips: +0.9
Week's Total Roi %: 0.20
Accumulative ROI %: -30


:
Name*: Phillip
Location*: California
Demo or Live: Demo

Well done. You hit your two trades a week and then some.
Very good week for you I feel, and hope you do too Phil ;-)


Monday*: NT
Tuesday*: NT
Wednesday*: NT
Thursday*: +57
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +57
Week's Total Roi %: +3.07%
Accumulative ROI %: +26.13%
:
Name*: Jim
Location*: Chapel Hill
Demo or Live: Demo

WELL DONE Jim. I know you've turned an
important corner in your trading since Wednesday's
meeting and video #5 in the new series. I can honestly
see you going from strength to strength now with your
new-found understanding of this system. There's more
to come in videos 6 and 7 later next week. I just know you're
going to be an awesome trader - I think you see it too now ;-)


Monday*: NT
Tuesday*: +16.4
Wednesday*: +8.8
Thursday*: +30.6
Friday*: +24
:
Remarks (Optional):
:
Week's Total Pips: +79.8
Week's Total Roi %: +4.87%
Accumulative ROI %: +310.11%


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

Almost 5% in a really difficult week. What you are demonstrating here,
and you continually repeat, is is that once you really tune in to this
very simple way of trading, it only takes a few trades a week to
make fabulous returns...

WELL DONE Rhonda ;-)


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