The below is an extract of the Bedtime Trader Results e-mail recieved from Kevin Greenhall
Last week turned into another somewhat frustrating week.
There were very few trades identified that could be considered. And the net profit on the week was small for the effort.
Tuesday evening was particularly trying. The three trades identified had enormous stops required and so were not taken.
Anyway, we’ll get to the numbers in a moment. First a quick note about the final weeks of the year…
It is likely that the next two weeks will be the last opportunity this side of Christmas to see any meaningful possibilities. After the 19th December, most traders will have departed for their festive break.
I will also be on holiday from 15th December through to 10th January 2015 and so the first report for the New Year will be for the week ending 17th January 2015.
The week’s results can therefore be recorded as follows:
1 Loan to the market
8 Trades not taken
3 Trades not activated
+ 55 pips.
There is no specific training note for this week but please take the time to review the Training Notes previously supplied to you. And please also do refer to your manual for more hints on entering/avoiding trades.
Now let’s move on to the full details of last week’s trades…
Last Week’s Opportunities for W/E 6th December 14:
Note: Exit time assumes 11pm on the day following the DoJi unless otherwise specified.
30/11/14 – 01/12/14 – EUR/CHF – NDDL
Possible Dragonfly DoJi. Large Gap Up on Open so not taken.
30/11/14 – 01/12/14 – USD/SAR – NGDS
Possible Gravestone DoJi. Too many DoJis plus 60 pip spread so not taken.
01/12/14 – 02/12/14 – AUD/CHF – NDDL
Possible Dragonfly DoJi off support close 02/05/2014.
01/12/14 – 02/12/14 – EUR/AUD – NGDS
Possible Gravestone DoJi off resistance, previous support, 28/05/2014.
01/12/14 – 02/12/14 – HKD/SGD – GDS OTO
Valid Gravestone DoJi off resistance 19/11/2014. Order to Open at price not activated.
01/12/14 – 02/12/14 – USD/SGD – GDS OTO
Valid Gravestone DoJi off resistance high 19/11/2014. OTO below 13 DMA not activated.
03/12/14 – 04/12/14 – HKD/SGD – GDS OTO
Valid Gravestone DoJi off resistance high 30/11/2010. OTO below low of GDS not activated.
Possible trades but with large stops. Consider smaller stakes.
30/11/14 – 01/12/14 – USD/CZK – NGDS OTO
Possible Gravestone DoJi. Potential support on 13 DMA. OTO below 13 DMA. (120 pip spread.)
01/12/14 – 02/12/14 – AUD/DKK – NDDL
Possible Dragonfly DoJi off support close 20/05/2014.
02/12/14 – 03/12/14 – SGD/ZAR – DDL
Valid Dragonfly DoJi. Very large Stop so not taken.
03/12/14 – 04/12/14 – HKD/MXN – GDS
Valid Gravestone DoJi off resistance All Time High. Very large Stop so not taken.
03/12/14 – 04/12/14 – SGD/ZAR – GDS
Valid Gravestone DoJi off resistance high 03/11/2014.
BedtimeTrader.org is a test and discussion site only. Bedtime Trader is distributed by Agora Lifestyles. To visit the official Bedtime Trader website please click the Agora Lifestyles link or button. The above is an extract from Kevins weekly update e-mail.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you. Disclaimer: This is a Bedtime Trader test and discussion site only. The website content is neither financial nor trading advice. Do not place trades based on any trading discussions or decisions detailed anywhere on this site, including the Bedtime Trader Chat Room and Bedtime Trader Forum. I am new to Forex myself and accept no responsibility for any trades you may make or losses you may incur. Like myself you trade at your own risk.
Author: Rich E