Good morning folks, I hope you’re well!
Let’s dive straight into it
FX Trade Update
AUD/USD -2R

Looking back at it with pure hindsight, I remain happy I executed this trade.
While it’s not the prettiest set-up I have ever seen due to the counter zone not being the cleanest, it remained valid in my rule book so I have no issue with it.
One thing we have to learn to survive in the trading arena for a long time is to take Ls like a professional.
If we expected to never lose money in the market we wouldn’t be able to make any – even high frequency firms sometimes incur losses.
Nothing is guaranteed.
Remember trading is a zero sum game, in order for you to make money some is losing money, so it’s only normal to lose time to time.
Heck, my trading strategy has a winning rate lower than 50% yet it remains profitable.
Anyway, nothing I’d do differently so I’m happy to have executed this trade.
FX Watchlist
AUD/CAD
Aussie Canadian is approaching an area of demand, while it is true that I’d prefer to see the lower zone be reached, it is the second one that has a clear weekly stack, therefore I’d be happy to execute in whichever zone.
Let’s be patient and wait for a set-up that fits our trading plan
Writing this, I’ve come to realize I missed a short opportunity on the 20th
I’ll have to go back through old posts see why I missed it, it would be currently running risk free with my stop at BE, damnit.
Update: I checked for the three days preceding the trade and I did not mention AUD/CAD a single time so I must’ve absolutely missed this area. Will have to review my daily process – I may be going too fast relying on my weekend analysis

AUD/NZD
Aussie Kiwi is also on my watchlist, this one is for a potential short and not a long tho.
We have a clear weekly stack, a clear break of a trendline, so all in all I believe this is rather straightforward?

CAD/JPY
Canadian Yen is also on my watchlist for a potential short, you may recall that the long stop size would’ve been too big for me to be “allowed” to execute the trade according to my rule so I remain neutral on this pair for the moment.
The main issue with taking a trade on Cad Yen is the lack of very clear weekly stack, the weekly zone is slightly higher, there’s a potential monthly zone, but I clearly prefer weekly zones.
Let’s see what happens

EUR/JPY
Let’s see if Euro Yen heads back to the area of supply

Take care folks!