Last week’s price action was very a bit nasty. Big whipsaws occurred on the GBP/USD crosses, which almost created a losing week. However, a big streak of wins and exceptional money management closed the week in profits.
The week started pretty good when we closed the AUD/NZD in good profits. The rest of the week saw:
I use different and very efficient tools for trading, which proved to be invaluable partners during the trading week. The big problem for traders was whipsaw markets, partially due to some announced statements from the BOE governor on Thursday. We also used Market Flow setups, a price action trading style, which will be added to CAMMACD Course during this year.
See the screenshot (above) of the Market flow template. Additionally you can also check myfxbook Live Account (Verified). *DrawDown is from profits, not from the deposit as 90.000USD profits have been withdrawn, so I’m trading with 10k only.
This week had a rough total of 35 pips. Overall risk for winning positions was 8.4 % vs 5.8 % of losing trades. So the final result is +2.6% gains based on the risk taken. CAMMACD system is always updated and more courses might be added in the future. The goal is to keep profits even when markets are not that good.
Cheers and safe trading,