What a week it was. The GBP/USD pair was laboring is stuck in a rut now . It is sort of riding on the coattails of EUR and other currencies against the USD. One look at how the commercial traders are positioned tells us that we would have to muster a lot of patience to trade this pair right now and it is good in a way for us since that is a test of our discipline . Look at market as a great teacher who tests you every minute. If you behave well and know how you will react you will be paid well . To me trading is more of a spiritual endeavor with the side benefit of freedom filled life , yes money is nice on the side too. Spiritual from the stand point of learning detachment . Our results will only indicate how much more we have to learn to go that sort of Nirvana in forex trading.
We had an over all 500 plus point run so far and let me tell you that past performance doesn’t necessarily mean future will be same . Anybody looking for guarantees should not trade.
This week we started of the week displaying lot of patience and had a profitable trading day on Monday , but the next three days were anything but pleasant . We had a string of losses and missed opportunities. Trading as per system is like a commitment Vow we take ” through the thick and thin , through the happiness and sorrow” and will have a consistent stress free and profitable lifestyle. On the week we did have a decent week and this is during the toughest period. We haven’t even seen the full potential of this system which will surprise you when it gets you in on the big moves. Let me reiterate, we are not going to look for the big pay days, we will let them find us. We just make ourselves available for every trading opportunity and let the market tell us when enough is enough.
Starting this week i will present the trading calls as a review at the end of the day when ever i get time. For all those who are looking for a consistent system we can help but if you are looking for something that will only show you profits in every trade then sorry to break it to you, it doesn’t exist, because no one can predict human mass behavior with 100% accuracy .
I am working on finding ways to embed the videos here in the blog itself.
For now here are the links reviewing the trade calls we made over the past 5 days
Dec 8th - 140 points gain
Dec 9th - 60 plus points loss
Dec 10th - break even
Dec 11th - 20 points profit
Dec 12th - 450 point gain
brenda said:
Its hard to keep up with you. when your trading I’m sleeping. When you are giving guidance I miss it. What to do?
fourweekforexchallenge said:
Hi Brenda,
You have to decide the times you like to trade and then take the trades that get triggered in that time frame. Forget about what happens before or after your time frame. But be cautious about taking trades that are already triggered, check with me before you take . Anyway if you are trading only a demo account , you can observe all the trades and track on a spreadsheet for yourself and see how the results look like. Do this for 4 weeks then decide wat timings work for you
Good luck
V