The below is an extract of the Bedtime Trader Results e-mail recieved from Kevin Greenhall
Last week’s trading got off to a good start with Sunday evening producing six trades. And all but one of them gave a positive result.
But then came three trades on Monday evening that all resulted in loans to the market. Unfortunately, one trade in particular, USD/SEK, loaned the full extent of the stop loss, 401 points, to the market effectively wiping out the total gain thus far.
Now of course those of you with more modest amounts in their trading banks wouldn’t have taken such a trade with a large stop and may well have ended the week in much better shape than those of us who did venture into this trade.
But that’s taking the rough with the smooth and in trading you need to take the longer-term view.
An eventual -36 pips isn’t what you might call a disaster particularly when set against the 2,000+ pip gain of the previous week.
So this week’s results gave the following results:
17 Trades identified by the Signal.
8 Winning trades
4 loans to the market
1 Trade not activated
1 Trade with no score
3 Trades not taken
Net result for the week -36 pips.
There is no specific training note for this week but please take the time to review the Training Notes previously supplied to you.
Now let’s move on to the full details of last week’s trades…
Last Week’s Opportunities for W/E 25th October 14:
Note: Exit time assumes 11pm on the day following the DoJi unless otherwise specified.
19/10/14 – 20/10/14 – USD/CAD – NDDL
Possible Dragonfly DoJi off support at 13 DMA.
19/10/14 – 20/10/14 – CAD/SGD – GDS OTO
Valid Gravestone DoJi off resistance at 13 DMA. Order to Open at price.
19/10/14 – 22/10/14 – EUR/CZK – NDDL OTO
Possible Dragonfly DoJi.Order to Open above DMAs. Target high 09/09/2014.
19/10/14 – 20/10/14 – NZD/CAD – NGDS
Possible Gravestone DoJi off support September 2014.
20/10/14 – 21/10/14 – EUR/THB – NDDL
Possible Dragonfly DoJi off support at DMAs.
20/10/14 – 21/10/14 – USD/CZK – NGDS
Possible Gravestone DoJi off support at 13 DMA.
22/10/14 – 23/10/14 – SEK/DKK – NDDL
Possible Dragonfly DoJi off support 29th September 2014.
23/10/14 – 24/10/14 – GBP/AUD – NDDL
Possible Dragonfly DoJi off support low 09/10/2014.
23/10/14 – 24/10/14 – EUR/PLN – NGDS
Possible Gravestone DoJi off resistance high 16/10/2014.
Possible trades but with large stops. Consider smaller stakes.
19/10/14 – 20/10/14 – CAD/HKD – NGDS
Possible Gravestone DoJi off resistance at 13 DMA.
19/10/14 – 20/10/14 – GBP/NOK – NGDS
Possible Gravestone DoJi off resistance, previous support, July 2014. Gap Up on Open so not taken.
20/10/14 – 21/10/14 – USD/SEK – GDS
Valid Gravestone DoJi off resistance at DMAs.
21/10/14 – 22/10/14 – SGD/ZAR – NDDL OTO
Possible Dragonfly DoJi off support October 2014 lows. Order to Open above resistance at 13 DMA.
21/10/14 – 22/10/14 – USD/ZAR – NDDL
Possible Dragonfly DoJi. Potential resistance at 13 DMA so not taken.
22/10/14 – 23/10/14 – CHF/SEK – GDS
Valid Gravestone DoJi off resistance September 2014.
22/10/14 – 23/10/14 – EUR/SEK – NGDS
Possible Gravestone DoJi off resistance 1st September 2014.
23/10/14 – 24/10/14 – CAD/ZAR – NDDL
Possible Dragonfly DoJi off support low 15/10/2014.
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