Forex Outlook for August 26: Trade Review And 5 New Setups

Hi traders! 👋 Last week was a solid trading week and we’ve got some nice results from the setups I published. It feels like the market has come back alive this week! With a total of 9 trades, I could end the week with a 6.59R profit. Moreover, the best feeling ever is to see my Trade Advisor students make real profits too, well done! 👊

 

 

This is my performance overview for August:

  • First week: +2.82R
  • Second week: +6R
  • Third week: +0.57R
  • This week: +6.59R

 

This brings the running total for August on a 15.98R profit, with still a few trading days to go. After a couple of months with more moderate profits, it seems that the market is back with us! This goes to show that regardless of summer months, I just trade my plan and that’s it. Imagine skipping August just because of the summer months and missing out on these very nice profits!

 

Note: If you want to learn how to trade my trading strategy, get my weekly setups + EA and get access to our private group chat, have a look at my Trade Advisor program.

 

 

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Forex Outlook: 5 Top Setups For The New Week

👋 Hi traders! After another week of trading, it’s a wrap! It was quite a challenging week with a trade in USDNOK not working out but a good trade in AUDCHF that resulted in a 2R profit. However, we still managed to come out on top and end the week with a profit. 💪

 

As we prepare for the new trading week, I want to share a number of setups that are part of the Trade Advisor program. The students actually got 12 setups and this is a selection of 5 of those setups. I hope you find them useful!

 

If you want to learn everything about the strategy, including how to place stop loss and take profits and how to manage trades, check out the program (which currently has a one-week free trial)! Have a good trading week everyone!

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Trade Review And 4 Setups For The New Week

👋 Hi traders! After last week, we’re back to reviewing our trades and planning for the upcoming week. How has trading been for you in the past 5 days?

 

As we roll into June, the Trade Advisor students again had a pretty nice trading week. I closed the week with a +4.89R profit and this makes me end the month of May with a nice +8.17R profit. Let’s go over the trades I took right now in the trade review section!

 

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The Best Reversal Trades For The Upcoming Week

Hi traders, what’s up! 👋 After a semi-holiday week in Kyoto, ⛩ I’m back in Tokyo and ready to rock the charts again! 🔥

 

This week, the Trade Advisor students have received 16 (!) setups and some of them are real beauties! Many of them are on the 4H charts, but there are trading opportunities on the 1H and daily as well, so there’s something for everyone!

 

In order to show how the Trade Advisor students and I trade, I wanted to share a few of those setups. Feel free to use these reversal setups as inspiration on what to trade next week 😊 But enough talk, let’s get started!

 

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Some Setups For This Week (+ Trade Review)

Hi there, traders! Last week was a bit slower than usual. Friday was basically a day off due to Good Friday holiday and most of the setups played out on the 4H and daily timeframes.

 

This made for a more relaxing trading week and even though the number of setups that materialized was a bit less, we were still able to find some trading opportunities to get a decent enough result.

 

 

Last week, I had three winning trades and a few smaller losses. Due to my habit of cutting losses fast, I still ended the week positively with a 2.38R profit.

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How To Use Custom Timeframes in MetaTrader

As a swing trader, I’m traditionally trading setups on timeframes like 1H, 4H and daily. In the past couple of months, however, I’ve changed my approach a little and will often trade other time frames such as 2H or 8H too. My Trade Advisor members have seen and used these custom timeframe setups to their advantage many times.

 

The reason is that sometimes, a setup is just too granular to be traded on the 1H charts but too coarse to be traded on the 4H charts. The same goes for the 4H and daily timeframes: sometimes, a setup just looks the best on the 8H charts.

 

8h charts

The trend on the 8H chart (left) looks much nicer
and respects the moving average better than the 4H chart (right).

 

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Four Setups To Trade In The Upcoming Week

Hi traders! 👊 Another week has passed and we’ve rolled over into March already. Time flies! We had a good number of setups that triggered early in the week and the rest of the week was a bit quieter.

 

That’s just part of being a trader, you can’t always choose the opportunities that come along! I just continue to execute my trading plan, besides having a good coffee in one of Tokyo’s bars  😉

 


Every weekend, my Trade Advisor students get a list of all of the setups from my personal watchlist for the upcoming week. This week, I’ve sent out 14 setups, spread out over the 1H, 4H and daily timeframes, so there’s something for everyone!

 

As we go into a new week, I wanted to share some of those setups with you and give you an insight into how I trade. Let’s get started!

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From Trading Hypothesis To Trading Strategy

 

How do you know that your trading strategy really works?

 

 

If it took you more than 2 seconds to answer this question, read on.

 

When you start trading a new strategy, this question can be challenging to answer. You might have trading rules but because you’re not sure about your edge, your confidence in the strategy will last until you get your first couple of losers.

 

All of a sudden, you question everything.

 

Did this really work to begin with? What if I was just lucky?

 

Let’s fix this.

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Reversal Trading: 5 Practical Entry Strategies

 

Am I entering too early?

 

Is this a good enough signal to enter this trade?

 


 

If you’ve been trading for more than a week, you’ve probably asked yourself these questions multiple times. How do you accurately determine when to enter? While things like trade management, exit strategies and discipline are also big contributing factors towards your performance, picking a good entry point will increase your chances of having a winning trade on your hands.

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review CHFJPY-1H-short 2

How Last Week’s Trades Resulted In A 10R Profit

Hi traders 👊 Trade review time! 🔥

 

Because I enjoyed sharing my trading review for the first week of the year, I decided I would just do the same this week! 😊 I believe it can help people get some insight into how I trade, how my trade management style is and how a solid trading process and execution can lead to consistently good results.

 

This post is an excerpt from the weekly Trade Advisor members outlook. I always do a review of the setups I discussed the week before since it’s useful to show my trading style and – more importantly – it’s a good way to keep myself accountable of what I do. Of course, our members got all of these setups a week earlier so they could trade and benefit from the same setups and trades as I did.

 

Please note that I only review the trades that triggered. All of the setups that didn’t cross the trigger levels I indicate in my outlook, are left out. Additionally, I don’t just review the winning trades. If the trade triggered but then ended up in a loss, I will also list them here.

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