Monday 14th of June

Good morning folks! I hope you’re well and had a lovely weekend! Was scorching hot over here so I actually did my best to stay in the shade, was a nice surprise!

Let’s get you up to speed.

Trade Update

NZD/CHF – 1R

Sadly I have to announce that my NZD/CHF long position has resulted in a loss, I’m happy I executed the trade, it fits my trading plan, just a bit sad I took an L on all three positions I took (including the 1h scale in I didn’t share with you).

However, it’s part of this world, we’ll take losses, we’ll be in drawdowns at one point or another and that’s fine, it’s to be expected. If there wasn’t any variance trading wouldn’t be as profitable as it is.

That’s the end result.

It did however create an area of supply for a potential short some time this week so let’s keep our eyes on it 🙂

FX Watchlist

Nothing is really on watch for today, it’s more a question of being patient and waiting for things to develop and reach areas of interest.

While these times can be less fun, it’s important not to rush your hands!

So here’s a list of pairs I’m looking at over the week.

CAD/CHF

CAD/JPY

EUR/GBP

EUR/NZD

EUR/USD

GBP/JPY

NZD/CHF

NZD/JPY

USD/CHF

If you want to compare your charts feel free to leave a comment with your charts – I do my best to answer the rare comments 🙂

Would be a fun exercise where everyone could improve!

Have a great one folks.