Weekly review 29th Oct – 2nd Nov

So we only took two trades this week as our focus was very much on back-testing strategy, which is also time well spent trust me, probably even more valuable than compounding that account. Three trades were picked during the week, two of them had entries, the other ran into this week.

Whats important here is that there is becoming less and less reliance on me, more skill being gained through education and the team trading their own set-ups as planned. My set-ups channel is merely one of many many tools available. We held 2 zooms and 4 Monkey sessions on Facebook this week.

The first set-up was a short-term over-extension buy on GBPNZD, the second was a first retracement trade on AUDJPY. EURCHF didnt reach our trading point in time.

Heres an overview of the AJ Trade.

aj bl1aj2aj3aj4

Now my mistake in hindsight is not setting a second TP point for AJ, s we usually do! Here is AJ now, 180 pips above the TP point. Blash catching the bigger moves as planned…

download (1)

Not to worry though, the set-ups journal compounds a nice 18.5% on them two little gem’s. A great example of how easy it is to compound an account once you get started, with minimal effort actually trading.

Screenshot_7

Pardo

Author: PardoFX

Forex on Trend Swing Trader, using common sense trading principles to become financially free. And taking people on the journey.

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