Thursday 1st of June

Good morning folks! I hope you’re well!

I’ll be writing this in Spain tomorrow, really hoping I’ll be able to find a quiet place where I’ll be able to get some work done 🙂

Anyway, enough about me, let’s talk trading

Trade Update

Remember yesterday I said I missed a scale in but placed my order anyway in case it came back up to the entry area?

It did, it came back up to trigger me in the position so I was happy with that, managed to get in the position with the correct position sizing but…

Well within less than 8 hours it was a loss

CAD/CHF -1R

I checked to make sure there wasn’t any big news that had this effect on price and it seems like there wasn’t any news concerning the CAD/CHF while it is true that the level of optimism was a lot lower than expected I’m not sure it had the impact.

It happens, we can’t explain our losses aside from saying it’s part of the probability.

I am still in my original position.

FX Watchlist

My watchlist hasn’t changed still only have one pair under my eyes – GA

GBP/AUD

Pound Aussie is on my watch for a potential short once it reaches the black line (that’s where there’s a weekly stack, in the past we’ve seen weekly stacks attract price before giving us a move hence why I’ve been staying on the side lines even tho we’ve had two script entries inside an area of supply.