(light music) – Hi, guys.
Welcome to week three of thisparticular trading series.
It has been our return, based on all of our trades, you can see that therehave been some minor slips, but mostly it's been doing really well.
Coming up to, around 18%on the accounts originally.
Which is really good.
Here you can see the tradesthat were specifically for this week, so that iscoming up to 10% on the account just this week.
So let's talk a littlebit about the clearest, more, I wanna say easiesttrades that I had this week, which are this one right here, and that one right there.
Besides that I wanna talkabout one that was very tricky, but managed to play outsuccessfully in the end.
At the beginning of the week I tuned in to the Forex Source terminal.
I saw that the dominantsentiment was that the pound was being pressured, still, by the conservative– by the narrowing lead of the conservatives that was that week.
So, since the pound was being pressured and the market was very risk off, I decided to pair it with the yen.
But then the moment I placed the trade it started going inthe opposite direction.
The pound was being pressured, so I entered a trade right around here, which started going in the wrong direction now.
I held on to it for a little bit, hoping that it was just a retracement, but then, went in the terminal, I saw a couple hours later that it said pound was recovering because of month end flows.
There's month end demand for the pound.
So at that moment I decided, let's just better cut our losses.
And that was this first, initial loss that I had here.
So then at that exactmoment I placed a trade in the opposite direction, and then I rode this trend up for a good amount of time, until reaching this point right about here.
This particular traderesulted me in about 3% on the account, which was quite good, which is the one thatyou can see right here.
Then after that the week wenton to be really kind of quiet.
I tried to trade a littlebit in the general direction of the dominant sentiment of the day, I made several trades, just light earnings right about here, that you can see.
However, this trade right herewas a very interesting one.
Now, on Wednesday, throughout the day there was rumors that there weregoing to be release a poll, which was said to be very, very reputable.
So this poll was goingto be released at four, and people were expecting it to be good.
So throughout the day, price was going up, but because of the uncertaintyI didn't really wanna go into the market withouta really strong catalyst, so I decided better to waituntil the moment of the release.
The moment the news was releasedI heard it over the Squawk, again, this news was very positive.
Let's see if we can find it right here.
So we, here it is, exactly at 3:55 p.
The YouGov general election poll showed that the conservative partywas in for a big majority win.
So I actually managed toplace a very, very good entry, right about here.
Now, this move, I clicked it right here, and I closed it as itwas reaching the mark right about here.
I did that knowing because itwas just a little bit higher than what was previouslythought, I thought this might be a place for it to start turning around, so right about here I decided to close it.
And it turns out to havebeen a very, very good idea.
It resulted in really quite a large trade, like you can see right here, of about 4% on my account.
So that was really, really good.
One final trade I wantto cover during the week, which was a very tricky one.
I had entered a long positionon the British pound, right about here, because there was, as I said, a lot of very positive news coming from the British pound, and a lot of negative news on the trade front withTrump fighting with Beijing, so right about here I placed a long order.
I was expecting it to justflow higher throughout the day.
What happened was the opposite.
The deal actually startedretracing, all the way down.
I decided to hold on to it, and I placed a take profit right at the highs of theseprevious sessions right here.
The reason I decided tohold on to it for so long, I was really quite negative, in total I got to about maybeminus 10% on my account.
I refused to let it gobecause the fundamentals had not changed.
The pound had still positivetone because of the election, and the Australia dollar wasstill supposed to be pressured because of rising tensionsin the U.
China trade war.
So I decided to hold onto it for about two days, a day and a half, maybe.
To my surprise, suddenly I geta notification on my phone, that my take profit had been hit.
It came up right about here, and I'm happy that I listened to the sentiment stream.
I'm happy that I decided to tough it out, because the fundamentals had not changed I could always expect it tocome back to where it was.
Now, these are obviously risks because they could havehappened that while I was down, the middle of the retracement, that I could have gotten some bad news that would change the fundamentals, that would pretty muchtake away my reasoning for the money to go back up, then I would have had to closeit with a significant loss.
However, since thefundamentals did not change, I held on to it, andeventually it did come back.
So all in all, it was, again, a very, very successful week with several very clear sentiment shifts that I managed to catch.
My main tool that I do use for information is the Forex Sourceterminal, which pretty much just let me stay incontext of what's happening in the market with all the upcoming news, and they also provide video commentary into what exactly is moving the market at any particular moment.
So we are now closing thisweek with about a 10% on profit on the account, and aconclusion of about almost 20% ever since we started these videos.
So, I hope you're enjoying them.
If you have any questions orcomments please let me know in the comments down below.
And, I'll see you hopefullywith another positive, profitable week.