Another relatively quiet Week from a swing trade perspective with only 1 new position taken.
EUR:AUD was rejected perfectly by the 61.8% fib retrace detailed inthis post, however I wanted confirmation of this rejection before entering a position and
Another relatively quiet Week for swing trades, not so much due to the lack of set-ups but more because I didn't chase them as there was enough volatility to earn a fair few points out of day trading the Indices.
The only swing position I had open was
Only a quick post here because again I've not traded much over the Week, partially due to Flu and partially due to a continued lack of convincing set-ups, though there have probably been a few set-ups missed due to the former!
The CAD:JPY short very quickly delivered 100+ points profit which came a bit
I'm really sorry to say that yet another Week has passed with very little in the way of updates from me. I'm starting to become unsure as to why I'm not seeing the trading opportunities that were plentiful throughout January to March. I've started to question whether I'm lacking in confidence, missing good set-ups, or there just isn't anything that can be deemed high probability. There have been a lot of moves that looked obvious after the event, but picking the good ones before the event has been particularly difficult and hence I've barely collected any pips all Month.
Only 3 trades were taken over the last Week, a DOW short from 13,010 which wasn't intended to be a swing trade but ended up as a 3 day hold and delivered a 186 points profit, a Cable short that was stopped out for a 35 pip loss, and finally another attempt at shorting CAD:JPY which has remained a
Almost a Week has passed without any new Swing Trading updates from me and I'm very conscious of this but the fact is, I'm still not seeing stuff that really warrants taking a risk on. By all means, there are plenty of set-ups out there and most will probably play out as those I've talked about already have, but if I'm too uncertain about a particular set-up I'd rather miss out than take the trade just to end up either making mistakes by being