Weekly Review 18th – 23rd November

What a busy week, not often is it that I take on more than 3 trades per week. The set-ups where there, and they were taken. Its not often either that the markets are so frustrating, so to bring out a decent compounding gain on the account is a fantastic bonus. Its important to note at this point that although the Set-Ups channel offers many set-ups the only ones that make it into our ‘Blash Journal’ are trades I actually take myself.

During the market overview we established some key area’s to look out for.photo_2018-11-18_21-33-38

Now DXY didn’t break its channel, it faked out. Which led to closing two trades on a negative Greenback from the previous week. USDCHF & NZDUSD FOR 9.5% on account.

This slideshow requires JavaScript.

Brexit negotiations limited our involvement with the Pound really other than a nice trade on GBPJPY that could have been closed out for 4% profit but ultimately dropped back to 1% which is fine, anything can happen with this currency right now.

This slideshow requires JavaScript.

The Euro on the other hand, although risky with Brexit did offer up glorious Buy and Sell opportunities which alot of the team took advantage of. EURCAD, EURJPY Short, and EURNZD Buy. EURCAD being ‘trade of the week’ with its Trendline hit Head & Shoulders formation & equally impressive stacked entry. EURCAD earnt us a cool 5.8% on account within 18 hours, whereas I didn’t personally take the other trades, they moved nice also.

This slideshow requires JavaScript.

Granted, the Aussie and the CAD didnt move quite as expected, and we also made some losses. Two to be precise! CADJPY & GBPCAD were fantastic set-ups which ultimately stopped out for a combined 4% loss. The error here was not so much the entries, more the stop-loss location, as in the end these trades came back into target and both trades stopped me out by 2 pips before turning. A lesson continually being learnt, protect against all set-up variations. AUDNZD on the other hand turned exactly where anticipated into a no draw-down swing trade that I will be looking to hold over the next few weeks.

This slideshow requires JavaScript.

Yes, we do lose trades. I am not here to bullshit you, the point is, the risk is limited to 2% per trade or 4% per currency. The targeted gains are higher than that, always, with a TP1 of no less than 2:1 RRR. And so on that note the latest update on the Blash account is as follows. Its important to note that we don’t trade Blash set-ups some weeks, due to work commitments or training/education which comes first. We Compounded the Blash Journal by 46.5% since October 26th and we didn’t trade for two of them weeks.

This slideshow requires JavaScript.

Until next time,

Pardo.

Trust & Usability

An important part,  of continuing this journey, is Trust. Of course I don’t expect every man and his dog to join us on this expedition on the whim of just me talking. Its supposed to be word of mouth referrals only, there isn’t really any value in anyone referring people into the group, that’s one of the benefits of this team. You will earn no extra money, and thus have no pressure bring people in like there is in so many other Forex groups out there.

Its easy to forget that this team has only been live since August 10th, and in that time we have come so far. I am forever looking to add-to and improve the content available, as well as make everything more accessible and user-friendly. Of course the operation is run by myself alone and it takes time. But have you seen the video content in the team’s Facebook navigation portal?

So whats been done lately in order to improve trust and usability? Well you will notice for one that the navigational page is now linked to every single thread on Facebook. Facebook can be messy, no need to navigate it anymore.

 

pfx fb navigation

The Live Calendar, allows the members to either add the PFX schedule to their existing gmail calendars, or interact with a forever up-to-date calendar which includes all Webinar links, payment schedules and of course information for the Christmas period, as well as upgrades to various aspects of the team and when they are happening.

calendar

Of course where there is subscription fees, there is room for anger that I may earn an excessive amount through subs fee’s, when the reality really isn’t that. So I made a live spreadsheet to update turnover & expenses and other information for the team to look at to make the subscription principle transparent, at the end of the day, its a payment for my time as well as the content. And it is great value, very cheap.

 

transparency

Last and probably most importantly, Trust-pilot. World renowned company focusing on word of mouth recognition. I have sent an invitation to all current and previous members to rate and review the company. I am proud of the fact that currently we stand 26th in category, with a majority of verified reviews, each one a 5 Star review. Look for the Trust-pilot integration into the website in the new-year.

trustpilot

So, very early days for the company, but making all the right moves for longevity. What I haven’t mentioned of course, is the update to Blash Version 3 (3a) and Version 4 incoming in the new year. Reductions of Subs for the Xmas period, a new premium website rebuild with plug-ins, a rework of a few of the Facebook units, and then a focus on purely everyday trading & Blash/Price Action set-up channels.

 

Regards,

Pardo

 

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

Blash Version 3a/4

I’ve long said that Blash ‘Strategy’ is not so much a strategy as a collection of common sense trading principles, for which you can pick and choose to suit your own trading style. Which is why the style in which we are educated through PardoFX makes it the perfect place to learn to trade properly, it is a collection of fundamental principles and philosophies and not something that has to be adopted 100% – Whatever works for you, as long as risk management is on point you really cant lose long term trading this way. On course Risk management is the one part of Blash that I would insist on you adopting, you really don’t need to trade with more than 2% risk per trade to make a huge accounts, as we are proving and finding.

I think its important to establish that point before we talk about the evolution of Blash with Version 4 on the horizon, since I’ve been asked so much about it, here is the upgrades in a Nutshell, so far. Without providing too much strategy information.

Version 3a

Version 3 will always be valid, it works wonders as we know, no need to disperse of it. Hotspot access as always is available via the PFX Premium area (Members Only)

HERE

Screenshot_3
Success rate of some dynamic and candle confirmations

  • Updated minor confirmations on a couple of the faster moving pairs such as GBPNZD.
  • Hotspot Technology having all dynamic confirmations and candles back-tested for a success rate allowing you the opportunity to pick & choose the best confirmations per pair if you wish too.
  • Selected Best set-up to look for percentage wise.
  • Updated V3 document
  • ‘Best set-ups’ for each pair will be back tested using ‘Monkey See Monkey See’ across Facebook Live over time & saved within V3 unit on Facebook.

Version 4

Very much focused on the mechanical movement of price for those with highly evolved trading emotions, I believe this will be the pinnacle of our trading here. Using Hotspot research to trade only with the best confirmations. Removing the excess and removing some restriction on entry area, V4 will allow us more trading opportunities and will probably result in a few extra losses, but the profit per trade should greatly increase. The philosophy here is’ Only trade what works best in the past’ and trade it regardless of external factors. We’re really looking at statistics here and the best option to consistently compound our account is to trade confirmations which have an 80% success rate any time you use it, that accuracy is likelier to be higher if its only in the ‘common sense’ locations. Again access is via the same spreadsheet through the members area.

HERE

Screenshot_5
Some of the added statistics with V4

  • Enhanced (Tweaked) pair specific Minor confirmations using pair profiling.
  • Enhanced (Tweaked) pair specific Major confirmations using pair profiling.
  • In depth look into daily movement & volatility.
  • Average draw-down and success rate of specific confirmation to dive down and get those stop’s as tight as possible.
  • Likely trade movement using the double range principle.
  • Best Candle Signal.
  • Best Price Action signal.
  • 4H Scalping option.
  • TP using Daily Guide.
  • Allows users to really pick just a few pairs and go to town on them, trade them for life.
  • Likelihood of Price hitting a TP point.

Of course, it will take time to implement everything, but I estimate it will be complete within the next 45 days. Until then, lets Blash it up like we have been doing anyway!

Obviously, if you are a current re-subscriber, you an see it getting built through the Hotspot spreadsheet.

 

Pardo

 

 

 

Team Schedule – November

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)

‘Monkey See Monkey Do’ sessions are on FB Live and are randomised. I backtest live (Rewind Tool) using a random style, chart, date and timeframe picked by a member. Very close to real trading, but a hell of alot quicker.

November Schedule

PFX Trading Basics Zooms

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

3rd, 11th, 19th, 27th

PFX Q&A sessions

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

6th, 14th, 22nd, 30th

Strategy Specific Training

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

9th, 24th

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.

14th

Market Overview

4th, 11th, 18th, 25th

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 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…

This slideshow requires JavaScript.

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

This slideshow requires JavaScript.

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.

This slideshow requires JavaScript.

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.

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