3 Little Pigs Trading Strategy Weekly Report – 2-Feb-14

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    Forex Useful
    Forex Useful
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    Pick Of The Week – USDCAD

    It’s been a generally trading month (January) on the 4 Hour timeframes.  This is evident as we see 5 out of the 8 currency pairs we trade having no (Long/Medium term) trend in place as we head into February. Simply a case of waiting until those trends and signals resume.

    Luckily however January was not all bad thanks to the USDCAD trade which has finally been stopped out.  It really is important to understand the significance of this trade because if just one other pair gave us a return like this in January we would be 40%+ for the month rather than break-even. Those months are, all being well, us.

    USDCAD, January 2014, a 45% return based on an Initial Stop of 20 PIPs, 2% risk and a trailing stop as taught on the <>1 on 1</>.

    See chart…

    3 Little Pigs Trading Strategy - 2014-02-02Here is the link to the complete <>3 Little Pigs Trading Strategy Weekly Report</>

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