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 the left, the market was reluctant to hit my targets, but it eventually worked out. This week, I also set the take profit from one of the positions higher than the others in the hopes that I could capture more profit. It did not work out and I actually ended up losing money on that last position. Never again, stick to the plan!
This slight change in plans turned what would have been a killer week into just a pretty good week. These trades put me up +9.8% on the week and I traded 15 lots to the Daily Pivot target and 25 lots to the Weekly Pivot target.
The market action is a little indecisive in the GBPCHF this week, so I am going to wait for a clear break away from the Weekly Pivot to put in another trade.
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