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.

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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.

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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.

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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.

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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.

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Until next time,

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.

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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…

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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.

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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 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)