There was some entries mid-week that I did not take because they were off large candles. When the market moves very sharply it is my experience that, after a short pause for take breath, the market will often continue in the same direction. Some profit taking will see a retrace, but this is seldom back to where the move started. Obviously this isn’t true all the time, but when I see large candles I tend not to trade as the markets are too volatile. This saved some duff entries this week.
To £10 stakes:
|Week 3||-£ 66.50||-£ 576.00||-£ 159.00||£ 150.00||£ 430.00||£ 135.00||-£ 86.50|
|Overall||£ 108.00||-£ 65.00||£ 58.00||£ 420.00||£ 965.00||£ 215.00||£ 1,701.00|
Using 2% rolling bank: This week: £ 136, Overall £ 544
Usual caveats apply:
Trading ForEx is discretionary; I’ll see trades other people won’t and miss trades that they take. We all read the market differently; therefore your results will be different from mine. Further, I am experienced trader with over 4 years’ experience. Although I try my best not to colour my trials with this experience it is impossible to remove it completely.
Please also note that for ease of reporting I am using GKFX and not Capital Spreads. There will be some minor differences in the data feed and indicator calculations but the main difference us that the times shown above are London + 1. Please remember to deduct 1 hour if comparing my trades with Capital Spreads.