Weekly Report 21st September

This week proved pivotal I believe for two reasons, the first being that it marked the return of some proper Swing Trades to the Set-Ups Channel & the second being that it marked the introduction of psychology training in our zoom sessions which will have a huge impact going forward, there was lot of use in that PFX Q&A Psychology Special.

The Weekly Market Overview indicated early on what I could see happening and again that also played out beautifully. We finally got some clear direction on the US Dollar as it broke below 94 but also the Australasian markets gained some overdue strength. So early in the week we had some beautiful swings setting up.

Unfortunately at a couple of points there were some poor entries made by some members which raised some great discussion about Blash principle which i believe has really brought everything home regarding how to enter these trades, and there is alot of guys that have caught these swings this week. Myself, well only two of these set-ups made it into the Journal as I was at work for a couple of the entries but it really does bring it home that you don’t need to catch everything in order to compound that account.

Overall though the set-ups channel at the point of calculation had another staggering week of 925 pips 6 wins no losses and its actually increased since this point, those still holding GBPNZD have 400 pips and those in GBPAUD now have around 250, crazy swings, none too difficult to catch with the correct methodology applied.

Our week isnt over yet though, with a BLASH Zoom scheduled in for tonight as well as a Q&A session tomorrow, the fun never stops for me hosting to this eager group of PFX Traders! Im happy though, because ‘theoretic’ setups journal is strong. With the starting balance compounded up 71% since August 10th, using 2% risk per trade. So I know what I provide works, even when you only catch a couple of the moves. See you all next week, or get involved at anytime HERE.

compound

Team Schedule – October

All Zoom meetings at 20:00 London time unless otherwise stated. Each session will last at least an hour but you can come & go as you please. All sessions are recorded and placed into the appropriate unit within the group (Which can be navigated Here)

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PFX Trading Basics Zooms

Focusing on a different topic each time, usual a topic of discussion within the Telegram Channel from that previous week.

2nd, 10th, 18th, 26th

PFX Q&A sessions

Ask anything sessions, come with questions. Any subject required will be covered.

5th, 21st, 29th

Strategy Specific Training

Covering BLASH specific strategy and Trade management, usually surrounding member requests or progression through ‘BLASH Strat’ PDF.

7th, 23rd

Psychology & Mentality Session

The hardest part of trading we will be pushing this into the schedule after the success of the first mentality focused PFX Q&A session, and it may play an even bigger role in the future. Come here with your emotions.

13th

Market Overview

7th, 14th, 21st, 28th

Tranche 1 Payments

Any Subscribers between 1st & 15th will require to be paid up by the end of the 15th each month. (Click to Subscribe)

Tranche 2 Payments

Any Subscribers between 15th & 30th will require to be paid up by the end of the 30th each month. (Click to Subscribe)

 

 

Weekly Report 14th September

So we kicked off on August 10th, its been a fascinating, ultra busy month adding masses of content and interacting with the group. We have managed to cram in  12 (Yes 12) Zoom sessions in that time so far, haven’t missed one yet! Feedback from them has been fantastic too so I am especially happy people are taking it on board and gaining something with it.

The shape and form of the content is taking shape, the atmosphere is good and interactive, the pressure is coming slightly off now alot of the content has been added. So I can expand my work into other places, hence the weekly report.

The Market Overview was extensive at 44 minutes and there was a real feeling of optimism for some big moves this week. Of course we only take great set-ups not good ones, so some weeks I don’t take any trades, sometimes 1,2 or 10, it all depends if the conditions are met and the confirmations line up. Anyway, it soon became clear when the markets opened that they wanted to be unpredictable with likely shorts on the Pound the Euro and the Aussie taking a backseat as they all pushed through / up-to major resistance on Monday. So my focus turned to the Greenbacks Exotic pairings, and USDTRY looked like an absolute Banker, it turned out to be just that.

usdtry set up

At a similar time there was an easy Over-Extension on GBPNZD from its huge Psychological Resistance level of 2 Dollars, easy pickings… See a rejection forming there its as straightforward a trade as you will get…

gbpnzd setup

Unfortunately as has been the pattern over this horrendous trading summer, all the other set-ups didn’t play out as expected, so were not taken as per the rules in the strategy. Some are still building up-to entry points and actually as I type on this Friday evening (Typical) entry points are missed, I am not interested in holding trades at/close to entry point over the weekend.

On the 11th, my first Day off Night-shifts we held the Q&A Zoom, where,  as usual hurdles were overcome. Thanks for your input guys.

As the Turkish Lira strengthened TP1 was hit on USDTRY, and my Stop-Loss became break-even.. Standard. Naturally the market makers pushed price through my break-even level before a massive drop on a better than expected Interest Rate decision. Drop missed, but still a result of 2.9% at TP1… Better than a kick in the nuts.USDTRY Close.jpg

The frustration followed on with a trade on NZDUSD not quite getting the confirmations required to enter, to go along with the EURGBP set-up that was the same earlier in the week. Of course they both pushed on to TP points without me, but provided some excellent points to train the guys on (Flags 101)NZDUSD

But I mustn’t grumble too much, as on Friday morning the Price Action was bullish on GBPNZD so decided to close the trade down for a cool 5% – We will see what happens with it next week, if it decides to break 2 Dollars it may struggle to get back underneath it.

gn close.png

The thing with this strategy is, it requires patience and discipline. I am incredibly risk averse so I dont get in many trades, but the ones entered are generally excellent at building that account up! Some weeks are amazing, some are poor. This was a poor week, so I am very happy with a 8% gain on the account. Takes us over 50% in just over a month on the theoretical set ups journal, good times. 2 trades only this week.

sETUPS END 14TH

What pleases me most is the interaction and the level or expertise already being shown by team members, not getting into trades they shouldn’t be getting into primarily….. And starting to take profitable trades based on their own analysis. Powerful thing.

Good job everyone,

Pardo.

 

Team Schedule – September

All Zoom meetings at 20:00 London time unless otherwise stated. Each session will last at least an hour but you can come & go as you please.

PFX Trading Basics Zooms

8th, 16th, 24th

PFX Q&A sessions

3rd, 11th, 19th, 27th

Strategy Specific Training

5th, 21st

Market Overview

2nd, 9th, 16th, 23rd, 30th

Tranche 1 Payments (Any subscribers before 15th August)

15th

Tranche 2 Payments (Any subscribers between 15th – 31st August)

31st

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Team Schedule – August

All Zoom meetings at 20:00 London time unless otherwise stated. Each session will last at least an hour but you can come & go as you please.

PFX Trading Basics Zooms

7th, 15th, 23rd, 31st

PFX Weekly Q&A sessions

10th, 18th, 26th

Strategy Specific Training

28th

Market Overview

12th, 19th, 26th

schedule August