Topic: Weekly Summary!! 17 May 2021
Last week I only set up for two trades. Initially, I planned to trade three reports. The incident in the US where a cyber-attack brought the flow of one of the east coasts main oil pipelines to a grinding halt resulted in the weekly DOE Crude Oil Inventories report that I typically trade too risky. So I wisely sat on the sideline this week. Nevertheless, it was still a good week for me to see US CPI data come out with a massive +0.6 deviation, this gave me some nine minutes of perfect price action, and I banked at least 30 pips across all my accounts.
See the price action here. : -https://calendarapi.galaxysoftwareinc.com/l/50136/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTUwMTM2O3Q9MjAyMS0wNS0xMiUyMDEyOjMwOjAwLjA7cz1VU0RKUFk7cj1NMQ
Now I start week three with two big wins under my belt, putting me in an excellent position to increase my risk appetite even further. If the markets give me just one surprise, it's all I need.
Remember to choose your trades carefully. Don't take a risk unless you are sure the outcome will be successful. Most importantly, be patient and hold your nerve. It can be frustrating when you don't see any trades, but it is better to wait and see a few successful trades instead of a load of trades where most of the outcomes result in your hard-earned cash go down the drain.
This week I will pick just three trades to put my money on. Here's the list of which ones: -
19/05/2021 15:30:00 US Crude Oil Inventories
20/05/2021 02:30:00 AUD Employment Change
21/05/2021 08:30:00 EUR German Flash Man PMI
I'm looking for new information in real-time. As the markets change, so will my planned trades. If you don't see a trading plan posted before the trade, I'll let you know why I decided not to trade it, vice versa; if new opportunities come up, I'll post my plan as far in advance as possible, so keep watching this space for updates. I work in real-time so do my plans.
Good Luck this week.