Blash Hot-spots (V3a)

As Blash philosophy has evolved over-time there are some aspects that I have learnt to depend on when it comes to progression and longevity. One of them is extensive journal-ling (I recommend Edgewonk), the other is quick-fire back-testing (I recommend Tradingview Rewind). What worked previously will probably work again. This last week has provided a really key insight into how to accelerate growth even more than has previously been possible.

We’re talking about a philosophy and mental state that has had one losing week in 11 months since being showcased, but we’re not talking about greed here when we talk about accelerating growth, we’re talking about natural profiling. Figuring out the secret’s to how pair’s really move and being to switch between them with such an outrageous advantage that it is almost criminal, using basic, common sense of Trend trading between PRA’s and squiggly lines telling you to get in. (Link to Introduction & Trade Management Zoom)

Profiling Example

For anyone in the team, you’ll find an ongoing spreadsheet of a profile for each FX pair being built within the PFX Team Dropbox using coloured key attribution on each confirmation we use within Blash philosophy, and hopefully a handy note to state what kind of Price Action to use it in conjunction with. My hope is to have the GBP pairs complete with Level 1 profiling by the time the weekend is out.

pfx tools screenshot

This really is the next level. What people look for when they want to trade FX successfully, this is it. This is why there are no signals here only set-ups. If you learn how to apply the information given as the team are doing throughout, the sky is the limit.

Level 1 profiling has started on all pairs and will be updated live on the spreadsheet. Once this is complete, Level 2 profiling will be a more extensive process diving into each pair and precisely adapting settings to see if we can get that magic dark green colour on each confirmation. Dont underestimate the amount of work that will be going into this, but then thats why people learn through PFX and can literally see their future laid out in front of them.

Exciting times,

Pardo.

Weekly Review 26th October

What a week, patience pays virtue. For a period of time the Blash set-ups were on hold partly due to family circumstances, partly due to choppy unpredictable markets, awaiting some direction. But its all good, there’s so much training to be done. Its important to remember, you don’t have to trade every day. You wait for the market to come to you and give yourself the best set-ups with the smallest amount of risk. The smaller the risk, the greater the profit. Its nothing more than common sense. So when you see some direction, the markets become logical. Hence why I posted this at the beginning of the week & followed it up at the end. Momentum on the USD, so lets look at the Greenback primarily this week.photo_2018-10-25_19-21-25

What happened over the next 5 days was a succession of not many trades, but massive compounded growth. Here’s all the Set-Ups in the channel that were taken, presented beforehand…

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And here is the position at the end of the week.

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Instead of promising the world, promising that it is easy to make alot of money, I am promising reality, opportunity and good, solid analysis without hindsight. Money creates emotion, you don’t need to see my account balance when I consistently show you the potential and provide you with actual education to allow you to enter these trades and those that you find in whatever style that suits you. That’s what we do here, that is PardoFX personified.

Some more fantastic zoom sessions helped some of the guys further on the journey, its exciting to see the progression. We introduced ‘Monkey See Monkey Do’ where you provide a task for myself to back-test allowing me to show you how to trade in as close to live trading as possible using past price action & strategy.

This next set of slides demonstrates the power of the above trades. They have all been closed out for the end of the week but they do have holding potential so some of the guys may still be in them. No more than 2% risk per trade, 22 Trades over 2 months, 120% compounded profit on the ‘BLASH Journal’ account, I wont show my real account, I dont need too. This is simulated based on the set-ups posted without hindsight, so it isn’t hype, its potential. This week demonstrated perfectly what we always talk about.

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This is actual trading, there are no pictures of me lying across an Aston Martin. This is education. This is a phenomenal place to enhance your trading ability, this is PardoFX. No hype, no bullshit and definitely no network marketing. Those people posing on their Aston Martins on your Facebook feed? They buy or lease them from the money gained from your emotional, get rich quick minds through subscription and network marketing.. Not their trades or their analysis. Think about that. The people within the team understand that, the cars, the boats, the houses, they don’t matter in the short term. And that’s why they are flourishing.

Bitcoin Hopes & Dreams

“Technical Analysis doesn’t work” they say, as Bitcoin is supported at the $5800 – $6000 threshold once again, work that one out. Sure, it clearly doesn’t work, as it rejects continually from the downtrend line.

“People using Technical Analysis only they see what they want to see” they say, yet here I am holding many thousands of £ worth of coin’s, still looking at a descending Triangle with a consolidated flag back up to the top.

btc daily

You’re right, everyone, it will breakout soon, that’s what happens when its squashed in like this. Unfortunately it may not be in the direction we both want.

btc 4hr

Wheres the volume people? There is no accumulation here, not really, there is no bullish rejection, price is just floating. No-one is committing right now, after all the outrageous post’s about impending Bull-Run’s and over the top price estimates for year end, there is still no commitment.

My opinion? If this beast is going bullish again, then lurking in the midst’s around the 3.5 – 4k mark is a whole host of banks, hedge funds, institutes and Whales waiting for the absolute best price. We aint going anywhere without huge investment from outside the Crypto community. I dont reckon we can do it on our own, look out for Volume and wait for the rejection as low as possible, then enjoy the slow, steady push back. I hope you like playing the long game.

Of course now I’ve posted this the Bull-Run will establish itself (Sods Law) and believe me, I hope it does. Lets see if it does finally push out of this formation, and if it does, I’ll be ready for that retest because ‘Technical Analysis’ is very much valid, and always will be, to enable you to find an edge in the market, as long as you are mechanical in your Bias.