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.

No entry on yesterdays set up. Price did move out of our bottom zone but no retest and rejection, a fake out rather than a break out. There was a trade on GE as london opened but the reason I didnt take it was that Monday mornings are reknown for fake outs. It didnt happen this time but Im personally not willing to take the risk. Todays set up is GBPJPY, looking for price to break my bottom zone (important area, opening price of the week) for a sell. There is also enough room for a buy should price break the top zone so long as other variables are in order. Other pairs to watch EG & GCHF.

Yesterday was a day of consolidation for the pairs I was watching, I was a bit disappointed that Carneys speech didnt spark a breakout. There were a couple of fake outs, thats why we need to strictly stick to our trading plan rules. Going to stick with the 3 pairs I was watching yesterday and put up EURGBP as the best looking at this time. Looking for price to break and hold the top zone for a buy, however, as its Wednesday and if other variables all line up Id be prepared to take the sell if price breaks the bottom zone. Remember, the closer we get to NFP the more confirmation we should be taking before we trade.

Yesterdays set up turned into a winning trade for some in the group. I personally didnt take the trade because I needed more confirmation. Today is the day before NFP so although Gold looks nicely consolidated Im going to keep away. It looks pretty scrappy on GBP pairs with some already strengthening and breaking important zones (so we may see opportunities as the European markets open). Im going to put up GBPCHF as the one I like. Only interested if price breaks above so I can buy. CAUTION IS URGED.

Yesterday saw our set up cosolidate within our zones. Please note for those who have done the one to one session with me that there was no safe entry on GBPCAD. However, there was one on GBPUSD because it was being led by GBPCAD. Another thing for you to look at yesterday was Gold; it did break out and it did have a super entry point (I didnt take it because too close to NFP). Look at where it broke from not Wednesdays high but Tuesdays high. You will have, like myself had your zone marked on Tuesdays high but always beware of recent highs which are close by, other factors obviously need to be taken into consideration. No set up today, I only trade ultra premium set ups on NFP day at Europe open. I want my trade to be over by NFP time and certainly dont want to be caught in drawdown. There is an extra possibility of wild volitility today when NFP is releadsed because of corona virus affecting the stock markets.

So we wake up (in uk) to see some massive spikes GN moved over1,000 pips in an hour. Certainly wont be getting involved this morning. Im going to put EURGBP up as todays set up but wont be going anywhere near it until NY opens and even then extremely carefully. The spike closed just under my top zone of last MON and Tue high, my bottom zone is at last weeks closing price. On another note, if you look at some of the gapping that happened over the weekend, US 30 for example gapped over 500 pips. This is why I dont hold over the weekend, if the gap goes against you you arent taken out at your stop loss you are taken out at the opening price so it could be bye bye account. Gapping is also common overnight and can happen on the hour in times of extreme volatility like today so be careful.

Yesterdays EURGBP set up ranged within our zones except for a fake out very late on, even then there was no entry point and was too late in the day for us. We are going to stick with the same pair today and look for price to break the top zone for a buy. EXtreme caution is urged as the markets are still very volatile even without news to drive them. Make sure you have clear rejection, correlation and timing on your side.

Yesterdays set up just shot off without retesting so we didnt have chance to get in. These are very hazardous trading conditions so please make sure that you only take A1 trades; that is trades that tick all the boxes on your trading plan. Trade with the trend, make sure correlation is with you, currency strength is right (because of whiplash) etc, make sure timing is right. If you dont do all of these things you will jump into trades like GBPUSD yesterday where a lot of people lost money because of GU deeper retest. Today the best out of a bad lot is GBPCHF, Im looking for it to break the bottom zone for a sell but just remember if it does ask yourself "is this overextended". There need to be buyers in the market for our sell to work so I cant see this as a viable trade as Europe opens because it needs buyers at the moment.

Yesterday I know some got in our GBPCHF set up and took their 50 pips. For me, I didnt take the trade as the timing wasnt right and the rejection was debatable. Markets are mad at the moment so strong advice is only take A1 trades. Today Im going to post GBPUSD as the set up. Looking for price to break bottom zone for a sell. A couple of pairs have already broken yesterdays low so thhis may follow. Also keep an eye on GBPAUD and GBPNZD, they have been consolidating for a few days now. CAUTION IN CRAZY MARKETS.

Great day yesterday for those of you who had one to one sessions with me and understand leaders and lagards. You would have taken at least two trades including our set up GBPUSD. THere were clear entry points (although I know some who got in early). Today the set up is GBPJPY looking for a sell if price breaks bottom zone. Same applie as yesterday; look at the other pairs you will see that important zones have already been broken. Hopefully we'll play follow the leader again today. PLEASE NOTE: Just because everything came together for us yesterday that doesnt mean that all of a sudden the markets are easy, these are still very hazardous trading conditions, make sure ALL of our rules are in place before entering a trade.

Fridays set up didnt turn into a trade, price never broke and held below our bottom zone. Today as with every Monday I wont trade GBP pairs until at least an hour before NY opens. Todays set up is EURGBP and other pairs I like are GBPJPY, GBPUSD, GBPCAD. Would be extra interested if GBPCHF leads the way. However, extra caution is urged today, whilst some volatility is good for our strategy unexpected news about COVID19 can damage us. In current trading conditions I urge you only take A1 trades that is when everything lines up: with the trend, correlation, a leader to follow etc etc Todays set up EURGBP is for a buy if price breaks and holds above our top zone and all other criteria are in place. For anyone wanting to learn more about the strategy please contact me through the Learn Forex page on Facebook.
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First of all yesterdays set up: EURGBP there was no safe entry point, price just ran away from our top zone and went 90 pips before retesting. For me that 90 pip move ended my interest in the pair for the day (deemed to have made its move). It did come back down, retest and reject our exact zone before going for a load more pips but there was no safe entry for me especially in the current trading conditions. Our first job is to protect our account. The good news for those who have learned the strategy and can mark their own charts is that one of the other pairs that I mentioned that I liked GBPJPY did turn into a trade. I personally didnt take it because I dont trade Monday mornings until 1 hour before NY opens but for those who do it was a perfect set up that went for over 200 pips. The other pairs I liked didnt materialise into trades. Bear in mind that this strategy can be used on any pairs or indices, I choose just to trade a few pairs so I get used to the way they move. So on to today Im going to stick

cont. with EURGBP. Im only interested in a buy if it breaks our top zone, because of current market conditions I dont want to trade against the trend. For those of you who know how to mark the charts yourselves and have learned the strategy the other pairs that I will be monitoring closely are GBPJPY, GBPCHF and to a lesser extent GBPUSD. For anyone wishing to learn the strategy contact me via our Learn Forex Facebook page https://www.facebook.com/forexeducationcompany/

Yesterdays set up ranged with in our zones (poked its head out but immediatley closed back inside). For the people who have learned the strategy and can mark their own charts the other pairs I was watching GBPJPY broke out but no rejection, immediatly closed back inside GBPCHF ranged within our zones but the one I least expected turned out to be a beautiful trade, an example of waiting for the trade to come to us and trading what we see what we think. There was a perfect entry that went for nearly 200 pips. This strategy can be used on any pair or indices for more information message me on FACEBOOK https://www.facebook.com/forexeducationcompany/

So on to today: Whiplash Wednesday? Possibly with GBPCHF consolidating like it has and GBPCAD and GBPAUD already breaking and holding above yesterdays high but again we will trade what we see and not what we think. Remember in the current trading climate only take A1 trades. There are a few possibilities today for those who have learned the strategy and know what they are looking for but I'm going to put up GBPCHF. I will take the buy if price breaks and holds above my zone and so long as it fits in with our other criteria. The thing I like apart from the consolidation is that Leaders have already gone and shown us the way but lets wait til Europe opens and see what materialises.

No whiplash Wednesday then and I didnt enter GBPCHF. There was an entry if you used correlation and leaders and laggards correctly but I was concerned about other GBP pairs breaking highs earlier in the day. I did however catch a nice entry on USDJPY my target was only 35 pips and price went 45. This strategy can be used on any pair or indices. Today looks quite messy to me but Im going to monitor GBPJPY. Price has already broken yesterdays low (so now different rules apply) and then closed back in the zone, hopefully thats to get some buyers in before it moves down. Again trade what you see not what you think is going to happen, if the conditions aren't right I wont jump in the trade.

So no SAFE entry on the GBPJPY set up from yesterday, price just shot off without retesting. For those who mark their own charts and have learned the strategy I hope you were monitoring USDJPY. Our 50 pip target was hit in under an hour, i also let a small position ride for 122 pips it went for a lot more but i dont hold overnight. Today some pairs look a little scrappy but I'll be monitoring GBPJPY GBPCHF & GBPUSD. Im going to put up GBPJPY as todays set up, lots of room to the North and South. In a perfect world it would be nice to see these 3 pairs correlate with GBPCHF as the leader.