Skill and Lady Luck helped me with my Winning Forex Setups

One week ago I was a bit unfortunate with only 1 setup getting triggered and the other 4 missing the boat (although the trend direction was correct) – read here.

This week “Lady Luck” compensated me sufficiently as my analysis struck the “pot of gold” on several pairs. Or was it in fact skill? I will leave that judgment up to you! 😉

But obviously, I was very happy with last week’s trade calls…

The entries and especially exits were precisely timed and the analysis gave a chance to exit out with profit before the FOMC storm blew by and changed the landscape.

The AUDUSD short gave a crisp +60 pips and price turned right at my target.

The NZDUSD long offered +195 pips (!) in total. Take a look here:

The GBPUSD closed for a whopping +130 (!) pips.

Both the USDCAD and EURUSD had good potential to lock in profits as well but it did depend on the exact trade management of each trader.

Will each week be as good as this week? No… it is important to realize that there will be some ups and downs along the way, no matter what type of trading you do. Just make sure to keep the slumps small when the drawdown does occur.

Last week’s setups offered great trades and profits and I hope that this week’s recap on Monday will do the same.

Many green pips, Tarantula FX