So our GBPAUD set up on Thursday/Friday turned into a trade and went a long way past our Take Profit of 50 pips. A very easy trade to take, there were a few entry points, correlation was well with us and as an extra confirmation GBPNZD led the way for us. Doesn’t get much better than that. Our only reservation would have been it was NFP Day, however, this all happened as London opened and it really was an AA trade. We don’t trade Monday til NY opens (or an hour or so before)
Keep an eye on USDJPY though. It’s been consolidating for a few days in a 40 pip range. We will start teaching this startegy once we have 50 subscribers so please share the link to join this group. https://t.me/joinchat/AAAAAFNXpMxW6HXY7FeBsA

GBPNZD is our favourite set up today. Hoping it breaks to the upside but would also sell if correlation etc. is in favour

USDJPY continues to consolidate within a 45 pip range.

With nothing really clear on GBP pairs Im still looking at USDJPY. Its been consolidating within a 45 pip range for a week. It looks like a day for scalping to me.

No entry point for us on USDJPY yesterday so we have widened the zone. Stick to the rules and you wont get caught up in uneccasary trades and dont get married to a set up or you'll start guessing. The only one I like today really is EG, Im really looking for a sell but would buy if the other variables all lined up.

So our GE set up turns into a trade and went well past our 50 pip target. Was an easy entry in the end with everything lining up. My theory about news was exemplified in this trade albeit the "news" didnt show on the calender it was British PMs cabinet reshuffle. I got in wher the arrow is after the rebreak.

Today some GBP pairs have already broken the highs of yesterday and its 3 hours before London opens so there may be possibilities with other GBP pairs to follow. However, having missed the Gold trade yesterday because we were asleep in the UK I.m going to put that set up on todays as the one I like most. Gold moves at particular times and so I'd love this to break yesterdays high about an hour after NY opens. My alerts are set for a buy but may take a sell if other variables line up.

No set ups today because I dont trade Frankfurt/London open on Mondays except for exeptional circumstances and NY is closed for Bank Holiday. A quick Post Trade Analysis on the Gold Trade we took on Friday. The value of only trading a few pairs is that you get to know how and when they move. This timing csn be used as extra confirmation. We were looking for price to breakout after NY had opened and thats exactly what happened. Very easy trade to get into: Broke andheld on the hour, no retest on 15 minute so we go to 30 minute, lovely retest and rejection. The only downside was getting out; price never went our 50 pip target and we don't hold over the weekend so I got out half an hour before the market closed. 38 pips. I missed a few pips in last half an hour but I was at a football game and was worried about 4G connectivity so couldnt take the risk of doing it 5 mins before markets closed in case I had to come out of the stadium to get a signal. All in all a very easy 38 pips. Not a lot of trades last week but importanatly no losers, consistency is key. See you tomorrow.

An interesting sight to waken up to: A lot of GBP pairs have already broken yesterdays low and GBPAUD broke yesterdays high. Gold gapped up and is coming back for possible retest and US30 gapped down coming back for possible retest. Caution is urged. I am going to put up GBPCAD as todays setup but will want everything to be right and make sense to me for me to take the trade. I will also be making sure I take nice profit out at plus 20 pips. Going to be an interesting one.

Edited GBPCAD not EURGBP. Both are valid set ups

No valid entry into either of yesterdays set ups. EURGBP looks the most promising today but GBP looking scrappy and starting to move sideways. I have kept my bottom zone where it was because that is a more important point than yesterdays low

I personally didnt get in the set up yesterday. It happened too late in the day for me and I was still in another trade at the time (The USDJPY that I put up a few times last week finally broke). If you did get in EURGBP then you will have got out at plus c15 pips because we don't hold overnight. Yesterday was a great example ofthe value of setting alerts. I set the alert for my USDJPY set up last week and forgot about it. It goes off I look at my phone, wait for retest and place the trade. If I had not been in my USDJPY trade then I would have got in GBPUSD. It was easy yesterday. Today a lot of GBP pairs look overextended after yesterdays move so I'm putting Gold up as the set up I like most. I would like to see iprice break the top zone for the buy but would also take the sell if everything else was in favour.

Another winning tradeyesterday but a bit unfortunate that after we took profit and put our sl to break even at 20 pips the trade came back at us and took us out before going on to hit our TP. Still, a win is a win and we implement those rules to safeguard our profit. Today some GBP Pairs have already broken yesterdays high but it still looks scrappy acrosss the board to me so I've set my alerts on USDJPY. Its consolidated for a day in a 30 pip range. I would like to see the breakout to the upside to buy it but may take a sell if it breaks down and all other variables are in favour.

Fridays USDJPY set up didnt materialise into a trade. Although it moved out of our zone there was no retest., but we finished another week undefeated. So on to today, I dont trade on Mondays before NY opens (or an hour before) so todays set up is not for Frankfurt/London open. There has been a lot of 'Gap up' on most GBP pairs GBPAUD gapped up over100 pips this is the reason we dont hold over the weekend. The one I like most is GBPCAD, it looks the cleanest out of the whole group.

Yesterdays set up didnt materialise into a trade, it broke out too early, theres a reason I very rarely take a trade on a Monday morning (UK time). The only pair I am happy to trade when Europe opens is Gold. Price broke out too far for us to trade it anyway. So on to today, it looks a bit cleaner to me with a couple of things lining up. The one Im going to put up is GBPCAD. For those of you who have been through correlation, leaders and lagards, etc. with me, study the other GBP pairs, theres something possibly lining up very nicely which will give any trade we take extra confirmation. Go through your checklist to make sure everything is right.

First of all yesterdays set uo turned into another lovely winning trade with extra confirmation from the other pairs. The thing to take from yesterdays trade was that you should have got in on the engulfing candle at 8am UK time as london opened NOT before when it broke about 2 hours beforehand. We dont get in trades before Frankfurt opens for a reason. It didnt matter this time because although you would have been in drawdown for a couple of hours it would have been nowhere near your stop loss so you would have had your win. However, this is not always the case, stick to the rules. On to today, "whiplash wednesday"? Maybe but who cares we trade what we see when the markets come to us not what we think. Im going to put up GBPCHF. Im only interrested if it breaks my top zone for a buy. Im not interested in selling if it breaks the bottom zone.

Our GBPCHF set up yesterday didnt turn into a trade. GBP pairs are still a little scrappy today. Some have broken yesterdays lows already and some are pushing closely towards yesterdays highs. So the best set up I see today is USDJPY. I may well l be taking a trade on a GBP pair as London opens if this doesnt materialise but this is the best set up as I see it now. Looking forprice to break the bottom zone so we can go for a sell.

Well it had to happen sooner or later, our first loss for a few weeks. Price broke through, we should have got in on 30 minute candle then price reversed, went and tickled our stop loss (exactly 50 pips from our entry) and took us out, then of course went straight to our take profit. This is exactly why we use risk management. Still a near 87% win rate this year. On to today. I have been watching gold consolidte for a few days now and so Im putting that up as todays set up. Certain pairs/indices move at certain times of the day or week; if you remember a couple of weeks ago I put a set up on for Gold saying that it likes to mo ve FRiday afternoons (UK time) just after NY opens and thats exactly what happened and we got our winning trade. So I really would like to see price break out of this range today. Looking for a buy or a sell. If it breaks the top of the zone for a buy I wont take all my profit at 50 pips, Ill leave a small position to run risk free.

So as suggested Gold did move again on Friday afternoon but unfortunatly there wasnt a safe entry point. Today I have chosen GBPUSD as my best setup, I dont trade Mondays unti at least an hour before NY opens. I would be looking for price to break the bottom zone for a sell. Im not interested if it breaks the top zone.