Daily Bulletin

Friday November 4th 2021


Nice to see Andrew from Long Beach Ca, with a fabulous 4% trade. 4% is insane money from just one trade, and whilst it isn't the first we've ever seen, it reminds us all that even after a very quiet week in the market, there are always excellent trade opportunities if we look hard enough.

It's a case of good, forward-thinking, weekly-chart-analysis, which everyone is now getting used to... And it's also great to see Alison from Australia back on form with a great 4.2% week from just three trades, whilst Mark from Skipton and Rhonda, both exceeded 3% on their week.

====================================

The new 'Rate Your Confidence In This Trade' field on the report form, is more important than you may at first, realise. This rating should determine - in advance - just how you are going to manage each trade. It's not a suck it and see field, it needs proper consideration.

I am therefore asking everyone to treat this field entry with particular respect. It should pre'determine whether you and going to maximise and stay in a trade longer-term, or TTM (take the money) earlier than you perhaps ought to, because you are scared of a reversal.

In other words, all of your weekly analysis, should be reflected in your 1 to 5 star rating. Put another way, this field should be a one-word summation of your whole analysis. This one innocuous little field should say it all.

Humour me please. Concentrate on this and you'll see quite a difference in your results in a short time ;-)

====================================

Ok, well done everyone who took the plunge in a difficult week.

Have a wonderful weekend ;-)


1


Trend Pair*: GBP/CHF
Date & UK Time of 1st Entry*: 04/11/21 02:09 PM
Chart Time-Frame*: 4 hour
Time in Trade*: 5 1/2 hours
Range: (Stop to Entry)*: 77
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Explain the Weekly-Chart Analysis that Led You to Choose a Buy or Sell?*: Thank you Geoff for the post. This pair has been confined within a 300 pip range since April. It was approaching the bottom of the range again, so I was looking for either a bounce back up into the range or a break out below it. I was set up for the 6 pm FOMC statement last night in case there was a move to take. You can see my yellow sell square. I decided on a sell trade as it had broken below the 300 pip range already. As you can see, it went the other way so I cancelled the order and waited to see what would happen.

I was away this morning so wasn't able to trade until this afternoon. I checked this pair again, keeping my original grid in place. After the 12 noon GBP announcements this pair really began to move down. When I got to it I saw it was past my entry but still had room to TP1 and beyond so I entered manually. I saw that it was approaching a barrier so I continued to monitor it closely. It began to stall as the market closed, the barrier is close and it is over extended so I decided to TTM.
Rate Your Confidence-Level in This Trade?*: 4 star
:
:
Pips? (+ or -)*: +37.3
ROI%? (+ or -)*: +0.97%
:
Name*: Rhonda
Location*: Scotland
Demo/Live*: Live

 

That was the right decision even though i did go on, it soon retraced. An ROI that was worth taking and that's what's important ;-)


2

Trend Pair*: GBP/CHF
Date & UK Time of 1st Entry*: 04/11/21 09:10 AM
Chart Time-Frame*: 8 hour
Time in Trade*: 6hrs
Range: (Stop to Entry)*: 83
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Explain the Weekly-Chart Analysis that Led You to Choose a Buy or Sell?*: Thx Geoff and Rhonda. Been watching since monday. GBPCHF has been ranging in a 300 pip channel for around 5 months. Last week it was at the bottom of the channel 1.2500. Bounce or break. Monday it looked to breach the support so found pullback in 8hr chart and set grid for potential sell. Wednesday I set an entry order but it pulled back, eventually coming down with gusto today and triggered before the BOE announcement. I had to watch it on my phone. When it got to 10 pips away from TP1 I closed the trade as could not stand the suspense and possible pullback.
Rate Your Confidence-Level in This Trade?*: 3 star
:
:
Pips? (+ or -)*: +74
ROI%? (+ or -)*: +1.8
:
Name*: Serena
Location*: Cape Town
Demo/Live*: Demo

 

Hah! Well, it's never wrong to TTM when you've got something worthwhile to put in your piggy-bank and that's as close to 2% as makes no difference - so definitely worth the taking ;-)

 


3


Trend Pair*: GBP/USD
Date & UK Time of 1st Entry*: 04/11/21 02:05 PM
Chart Time-Frame*: 8 hour
Time in Trade*: 2 hrs
Range: (Stop to Entry)*: 45
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Explain the Weekly-Chart Analysis that Led You to Choose a Buy or Sell?*: GBPUSD developed a slow trend lower since May 21 in the Weekly historically stalling around 1.3600. But the unexpected lack of a rate cut announcement gave it the impetus to head down lower (thanks Sid for the heads up). The initial few hours after announcement was like trying to catch a falling knife so waited for a pullback I found pullback in the 1 hour chart to trade in the 8 hour. I set the stop/loss behind the wick of the current 8 hr candle. I moved the Stop to breakeven and it continued heading down. I had to leave the trade to take my daughters to lunch so reset for positive TP before I left. It then Retraced to my new TP and auto closed out the trade. It did go back down to the original TP but I haven't traded this pair in a long time and didn't trust it
Rate Your Confidence-Level in This Trade?*: 3 star
:
:
Pips? (+ or -)*: +17 pips
ROI%? (+ or -)*: +.76%
:
Name*: Jim
Location*: Chapel Hill
Demo/Live*: Demo


Yes it actually went to your TP2 Jim, it was a lovely move. Nice to see you trading. Well done ;-)


4


Trend Pair*: GBP/JPY
Date & UK Time of 1st Entry*: 04/11/21 12:00 PM
Chart Time-Frame*: 12 hour
Time in Trade*: 30 mins
Range: (Stop to Entry)*: 90
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Explain the Weekly-Chart Analysis that Led You to Choose a Buy or Sell?*: This pair broke a mayor barrier 3 weeks ago just peaking through and staying green, followed by 2 red candles with last weeks candle virtually all wick indicating a possible sell trade. This currency has not stayed above this level since 2016. I found pull back in 12hr and set EO on Wednesday. This was triggered shortly after the announcement at noon which you highlighted Sid. I saw notification on the app realised that this has moved about 80 pips since last, check 2hrs before. I knew I couldn’t reassess the chart for about 4hrs as I couldn’t access my computer so I decided to close as it was possible anything could happen following all the red announcements. I felt confident in my analysis and thought this was a good potential trade but it just triggered at the wrong time for me to be confident with the move.
Rate Your Confidence-Level in This Trade?*: 3 star
:
:
Pips? (+ or -)*: +3
ROI%? (+ or -)*: 0%
:
Name*: Mick
Location*: Skipton
Demo/Live*: Demo

Good analysis, very unfortunate that your confidence was knocked while you were away from your computer ;-)


5


Trend Pair*: GBP/JPY
Date & UK Time of 1st Entry*: 02/11/21 06:19 AM
Chart Time-Frame*: 12 hour
Time in Trade*: 3 days 20 hrs.
Range: (Stop to Entry)*: 100
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Explain the Weekly-Chart Analysis that Led You to Choose a Buy or Sell?*: I've been watching this pair since it made a 5-year high a couple of weeks ago. Since then the price has been falling, and I found a pull-back in the 12 hr. Per usual, I missed a nice downward move early in the trade while sleeping, but felt confident that it would bounce off my downward trendline of lower highs (resistance), and it did. So this time I acted on my analysis and conviction, stayed in the trade, and let the pair run it's course. It worked.
Rate Your Confidence-Level in This Trade?*: 4 star
:
:
Pips? (+ or -)*: 200
ROI%? (+ or -)*: 4%
:
Name*: Andrew
Location*: Long Beach, CA
Demo/Live*: Demo

Can't fault a 4% trade Andrew, especially when you were using what you learned from your last two trades where you bailed out too early - so this is a really excellent result for you and very encouraging.

Well Done ;-)


6

Trend Pair*: GBP/USD
Date & UK Time of 1st Entry*: 02/11/21 08:54 AM
Chart Time-Frame*: 12 hour
Time in Trade*: 1D 2H 34M
Range: (Stop to Entry)*: 60
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Explain the Weekly-Chart Analysis that Led You to Choose a Buy or Sell?*: This pair for the last 3 weeks has been at the top of a 300 pip downward channel. It had been slowly creeping down since July. With some confirmation of it starting to fall and no major support barriers i was confident if this did decide to go it would move nicely. It did nearly hit 1 % but had pulled back, after making its second push and pull i exited as i felt it was not ready to go.
Rate Your Confidence-Level in This Trade?*: 4 star
:
:
Pips? (+ or -)*: +7
ROI%? (+ or -)*: +0.23%
:
Name*: Alison
Location*: Australia
Demo/Live*: Live


Good decision as we can clearly see Ali ;-)


7

Trend Pair*: GBP/USD
Date & UK Time of 1st Entry*: 04/11/21 12:02 AM
Chart Time-Frame*: 12 hour
Time in Trade*: 15mins
Range: (Stop to Entry)*: 37
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Explain the Weekly-Chart Analysis that Led You to Choose a Buy or Sell?*: With the same view of analysis of my previous GBP/USD a day later i had reset my entry. After its large pullback i could see it mowing down in the afternoon. With your BOE announcement post Sid i made sure i stayed up to watch. Sure enough it gave it some good movement to continue down and trigger my TP.
Rate Your Confidence-Level in This Trade?*: 4 star
:
:
Pips? (+ or -)*: +37
ROI%? (+ or -)*: +2%
:
Name*: Alison
Location*: Australia
Demo/Live*: Live


Excellent ;-)


8

Trend Pair*: EUR/GBP
Date & UK Time of 1st Entry*: 04/11/21 12:09 AM
Chart Time-Frame*: 8 hour
Time in Trade*: 1H 40M
Range: (Stop to Entry)*: 27
% of Capital *: 2.0%
Buy or Sell Trade*: Buy
:
:
Explain the Weekly-Chart Analysis that Led You to Choose a Buy or Sell?*: Thanks Rhonda for the heads up. After your post i had this one on my radar. Not quite a perfect flat 200 pip range, heading down slightly. Its had hit some support for the past 3 weeks and was going sideways. i was waiting for it to break the sideways movement and had it set for some time for an entry. While i was awake with the GBP/USD it had triggered. So i watched to see if it made some ground before going to sleep. When i woke up it had triggered. This pair is a lot slower in movement so i was confident with a smaller range.
Rate Your Confidence-Level in This Trade?*: 3 star
:
:
Pips? (+ or -)*: +27
ROI%? (+ or -)*: +2%
:
Name*: Alison
Location*: Australia
Demo/Live*: Live

Your experience is showing in your confident EO placement in these trades Ali. So pleased to see you back on form and collecting really good ROIs. Well done ;-)


9

Trend Pair*: GBP/USD
Date & UK Time of 1st Entry*: 05/11/21 08:25 AM
Chart Time-Frame*: 8 hour
Time in Trade*: 37min
Range: (Stop to Entry)*: 45
% of Capital *: 2.0%
Buy or Sell Trade*: Sell
:
:
Explain the Weekly-Chart Analysis that Led You to Choose a Buy or Sell?*: Weekly has been in a general down trend since June with some big pullbacks . After yesterday's BoE announcement, the GBP continued to fall at LO. Plan was a Sell trade aiming for TP1, mindful of a potential rejection point around 1.3420 from late Sep and last Dec/Jan. Entered with a MO and trade went positive, correlating with other GBP pairs. Similar to yesterday's G/J trade, I TTM after GBP pairs were pulling back.
Rate Your Confidence-Level in This Trade?*: 3 star
:
:
Pips? (+ or -)*: +13.6
ROI%? (+ or -)*: +0.60
:
Name*: Clare
Location*: Saffron-Walden
Demo/Live*: Demo

 

Nice to end your week on a positive too Clare ;-)


 



Monday*: -24
Tuesday*: +45
Wednesday*: NTT
Thursday*: +74
Friday*: UTT
:
Remarks (Optional):
:
Week's Total Pips: +95
Week's Total Roi %: +2.2%
Accumulative ROI %: +6%


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

It's great to see you mastering this strategy. It's clear that
it suits you, and i think you are enjoying it much more than
short term scalping. I am pleased for you Serena. Well done ;-)



Monday*: NT
Tuesday*: NT
Wednesday*: +7
Thursday*: +27, +37
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: 71
Week's Total Roi %: 4.23%
Accumulative ROI %: +55.47%



Name*: Alison
Location*: Australia

This is much more like the Alison we know
and have seen great results from earlier.
WELL DONE - nice trading indeed ;-)



Monday*: NT
Tuesday*: NT
Wednesday*: NT
Thursday*: +14
Friday*: +13.6
:
Remarks (Optional):
:
Week's Total Pips: +27.6
Week's Total Roi %: +1.32
Accumulative ROI %: +17.7


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

I'm sure you would prefer to have another smilie, but it's another
profitable week. Unfortunately, we lose sight sometimes of exactly
what 1.32% in a week actually represents - because it's easy to get
blinded by bigger percentages, like Ali's 4.2% this week.

But keeping our feet firmly on the ground, let's remember what an
average 1.32% is worth, compounded over a 48 week year. I've just
done the figures and your 1.32% a week is worth a massive 87.66% p.a.


Tell that to your bank manager - he'll want to invest with you ;-)



Monday*: NT
Tuesday*: -75, +1
Wednesday*: -39
Thursday*: -10, +3
Friday*: UTT
:
Remarks (Optional): Difficult week but learnt a lot.
:
Week's Total Pips: -120
Week's Total Roi %: -3%
Accumulative ROI %: 14.4%
:
Name*: Mick
Location*: Skipton
Demo or Live: Demo

Well Mick, you are in demo and your negative tradestell
me that you are doing exactly what I want - you are in there
'doing-it' and learning from the experiences of every trade
you take.

Exposure = Experience = Confidence = Success...

You are right on track, but I'd like you to make a
brief note of what you learn after every trade and
email it to me - or enter it after your analysis
in your report form ;-)


Monday*: NT
Tuesday*: NT
Wednesday*: NT
Thursday*: -31.5
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: -31.5
Week's Total Roi %: -1.26%
Accumulative ROI %: +5.7%
:
Name*: Adrian
Location*: Bristol
Demo or Live: Demo

And as long as you are learning from your run of
negative trades that's fine. I'd like you to make
a brief note of what you learn after every trade and
email them to me - or enter a note after your analysis
in your report form ;-)



Monday*: +29
Tuesday*: UTT
Wednesday*: NT
Thursday*: NT
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +29
Week's Total Roi %: +1.29
Accumulative ROI %: +1.29


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

 

Well Geoff, this is pretty consistent good trading.
And I note that you are now trading live. As you
know I hope, I deem you more than capable of it
and take a great deal of pleasure is watching your
fowrd progress to this point ;-)

I am not going to wish you good luck because luck
doesn't come into this at all. Good weekly-chart analysis
and common-sense, which you have in plenty, will
see you making great returns....



Monday*: NT
Tuesday*: NT
Wednesday*: NT
Thursday*: +17
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +17
Week's Total Roi %: +.76%
Accumulative ROI %: +29.66


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

Nice to see you positive yet again Jim ;-)



Monday*: NT
Tuesday*: +31.5
Wednesday*: UTT
Thursday*: +51.4;+60
Friday*: NT
:
Really useful guidance on reading the weekly over the last 3 weeks.

Thanks Sid.
:
Week's Total Pips: 142.9
Week's Total Roi %: 3.1%
Accumulative ROI %: 86.83%


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

Yes, I'm going to say it again, I am
so impressed with your consistently
good trading. If you had more time at it
you'd be really dangerous ;-)

As you know, my benchmark for
trading excellence is 3% and above - for
which you get a capitalised... WELL DONE...


Monday*: NT
Tuesday*: +39.9
Wednesday*: +40.8
Thursday*: +37.3
Friday*: NT
:
Remarks (Optional):
:
Week's Total Pips: +118
Week's Total Roi %: +3.19%
Accumulative ROI %: +492.87%


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

And the same goes for you honeybun....
WELL DONE ;-)


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