Drivers for our forex trading performance this week were JPY, SGD, EUR, CHF, CAD, AUD
This week is wonderful in terms of forex trading performance for me and Tflow® students again, especially when we traded on few high impact news and got it right! As long as market is moving, students who are trading with TerraSeeds Forex Tflow® love it.
There is NO such things as a Forex Trading Strategy or Method that can always make money. To win consistently, we have to mindful of trade management and money management. Keep winners, rid losers.
I first called for Oil (WTI) sell when Oil was 93.50. From my average short price to my final target profit (which I exited for my last batch), that was a 300 pips movement. However, I won’t be recording the extra pips into this week performance as the entry was done last week.
All done for $wti. Final tp reached. 300 plus pips gained
Trading RBA Cash Rate and Rate Statement; Positioning for a potential Buy in AUD
Many times, I heard potential students asked if Tflow® can be use to trade news. The answer is definitely yes. If we don’t trade during data announcement times, then we don’t have much in-between time to trade. Don’t forget news happens everyday, every hour.
I first mentioned that AUDUSD at support, that’s when I was interested in buying AUDUSD in line with daily support
$audusd reached a key support lvl. This is not a buy, but just TP lvl. if below 10100, might see 9980-10000. RBA rate this week Tues
Many Tflow® students see these tweets as tips. Please don’t think this way. Use these tweets to see how I execute, position, and manage a trade. I don’t have 100% winning trades, but if you see my record, I always make sure each trade is a win (and I like to ride the maximum) or each trade will end up break even or minimum loss. I never let my losses overrun and I always cut my losses according to my rule.
You ask me why I have such high accuracy and reward to risk fact – that’s because I follow few rules:
1. Execute only when there is a Tflow® trigger on close
2. Follow Tflow® Boxesand NEVER predict a turning point
3. Always wait for expansion to happen before attempting reversal trade, otherwise always assume the prior direction of boxes
If you are still getting 15-21 pips each trade and making a potential loss of same amount, do note that your trading style will not be sustainable in long run.
We trade to free ourselves, not to bind ourselves to the screen for little pips!