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Click above to enlarge Here is another Monday Trade, done on Wednesday. I was tempted to do a 100 pip stack on this trade because price had moved so far away from the Weekly Pivot, but I decided to just do a 50 pip stack. I am experimenting and backtesting variations of this strategy [...] Hello Traders, This Monday was good to me and I was able to execute two trades. Here they are: GBPCHF The first trade was a classic Monday Trade. Click above to enlarge I got burned a few times in recent weeks because the GBPCHF had a strong tendency to the downside, so I was [...] Click above to enlarge Here is a mini Monday Trade that I did. Price moved up strongly back towards the Weekly Pivot point but there was a strong area of resistance that made me nervous. In addition, price has had a downward tendency lately so I set my price target just below the last [...] Click above to enlarge These Monday Trades have been making me a little nervous lately. Case in point is this last trade that I did. Instead of letting price run its course, I closed the trade early. This was a case of watching the trade too closely when I should have just went to [...] Click above to enlarge After I closed out my last trade, I was feeling pretty good. My account is back in the black and I can breathe a little easier. The good thing about these super aggressive strategies is that even if you have a fairly large losing trade, you can make your money [...] Click above to enlarge Whew, these Monday Trades are kicking my ass. This was a tough one because price just missed my target. I missed the first couple of hits on Monday but decided that this was a good point to stack trades back to the Weekly Pivot. This trade resulted in a -2.5% [...] I canceled this week’s Monday Trade back to the Weekly Central Pivot. Price didn’t even get close this week. Click above for larger image Last week, I did a double stack on the Monday Trade, targeting both the Daily Pivot and the Weekly Pivot. Both of them reached their profit targets. This week, my double stack wasn’t so fortunate. As you can see from the chart to the left, a couple of my [...] Click above to enlarge Here we go with this week’s Monday Trade. This week was extra fun because I decided to do a double Monday Trade. Instead of just targeting 20 pips away from the Weekly Pivot, I also targeted 20 away from the Daily Pivot. As you can see from the picture to [...] Click above to enlarge Like I mentioned in my last Monday Trade post, I was going to try this trade again if the opportunity presented itself. Well, what do you know? The opportunity came around again…and I took it. Being that this was the first time I was taking a Monday Trade later in [...] |
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