This is my analysis on #AUDUSD, which I did yesterday afternoon.

If I were to follow my usual strategy of trading with the trend, I would have gone in with buy orders for the top line of the channel, and at the top of the channel, I would have bet against the break out and would sell it there..

But instead I fell into the old trap of catching reversals, and ended up losing money on an obviously profitable trade.

This chart alone would have given me at least 100 green pips in less than 24 hours, yet I lost about 40 pips on it.

#AUDUSD - watching - triangle pattern, waiting for a breakout to the upside.

#AUDUSD - it broke out of the triangle to the upside, you can go long either now or after the pullback for an 30 pips target

#AUDUSD - triangle pattern - going for a 30 pips target.

ok so here is our end of the week count, I will do a monthly count as well every four weeks, so we can keep track of our progress.


results of this weeks trades:


#EURNZD +280 pips
#AUDNZD -8 pips
#AUDJPY -15 pips
#EURAUD +150 pips
#AUDUSD -15 pips
#USDJPY -30 pips
___________________
total +360 pips of profit.



not as good as the past 2 weeks but still a good record.

#USDJPY
111.450 (1.33B$)
111.950 (1.01B$)

#EURUSD
1.1300 (1.18B$)

#GBPUSD
1.3290 (1.1B$)

#AUDUSD
0.7120 (1.1B$)


orders will expire tomorrow. trade these by your own risk.

#daytradingtips #orderflow