Since last year I have been trying to keep an online trading diary on meetpips. Unfortunately, I forgot to track my stats for the first two weeks of February, so I only started tracking again last week.
If you look at my previous post on the changes in Forex average daily ranges you will see I have made some long term changes to my trading strategy. I have put break out trading on the back burner and now trade mainly reversals.
The problem with trading mainly reversals is that it limits me from posting trade calls and analysis on my blog. This is because reversal trades often form and trigger in under 3-5 hours, whereas you can see breakout trades form days before they trigger. For this reason my blog is no longer the best way to share potential trades. So now I share trades and do my analysis in the free Forex4Noobs Forex Chat Room. I am in the chatroom from London open to London close Monday-Thursday.
Below are this weeks trade stats. I caught four trades, three winners, one loser and made around +99 pips. My first trade was a +43 pips on a GBP/USD reversal on Monday morning. That was a pretty good way to start off the week! If you want some live analysis and trades join me in the chat room. I called two of the trades listed below in the chat room last week.
