Tuesday 5th of October

Good morning folks!

Had a call with my family today before writing this, apparently my grandma got COVID so that sucks, fingers crossed.

More importantly for you, I don’t think I mentioned that I doubled my 5ers funded account after achieving a 10%return. Makes me happy to see that they do double the size of your accounts and that you do have access to it 🙂

All in all, a good world.

For those wondering about the two trades, I had closed them as soon as they made me run 10% profit in order to lock in the account size increase. (On the 30th of September, I don’t believe I’ve mentioned them since).

I am still in the original trade on my personal account, the 1hour scale in was closed for a full loss.

Hopefully we’ll see a change in the direction it currently is headed in.

Anyway, enough talk about those trades and what’s happening in life. Let’s have a look at what’s up on my watchlist

FX Watchlist

CAD/JPY

Canadian Yen remains on my watchlist, while it’s not the prettiest set-up it does offer a rather gorgeous M formation, which is one of the set-ups I allow myself to trade, it does have a clear higher timeframe stack as well, all in all I’m just patiently waiting for the right opportunity

EUR/CHF

Euro Swiss is also on my watchlist, for a long, it also has a gorgeous weekly stack, so let’s be patient and see what happens over the next couple of days / hours. I’d like to see the price push a bit lower before looking to take a long.

GBP/CAD

Pound Canadian reached the area of demand and did not react strongly from it, instead we’re seeing a consolidation, which in itself is already quite interesting however it’s definitely not the prettiest set-up I’d like to be able to say it’s a clear double bottom before executing this trade. Sadly at the moment it doesn’t appear that we’ll be able to witness an W formation

I am not mentioning CAD/CHF on my watchlist since we’ve spent way to long in the current price action and are forming a triple top.

That’s it for today on my side of things!

Have a great one folks