Currency Strength/Weakness profiling for WEEK 10 based on PRICE ACTION DURING THE MONTH OF FEBRUARY 2014. STRENGTH PROFILE 1. -NZD 2. -CHF 3. -EUR 4. -GBP 5. -AUD 6. -CAD 7. -JPY 8. -USD RATE OF CHANGE 1. GBP 2. NZD 3. CHF 4. EUR 5. AUD 6. USD 7. ...

Book of LITE

WEEK 9 TRADE REVIEWS ...got fed up with the CADJPY trade and closed it for 26 pips and 56 pips. Started experimenting with VOLUME CALIBERATED ENTRY LEVELS, so took a couple of other trades that were not originally part of my trade plan for the week. ...

Book of LITE

WEEK 9 TRADE REVIEWS Entry 1 Level was triggered according to plan. Re-entered again at the same level when it was becoming obvious 0.8044 was probably going to be the high of the week. Target originally set for 180 pips using 0.8044 as the week ...

Book of LITE

Learning more and more...the hard way...

The Lite Chronicles and Discussion

CADCHF EXIT PLAN... Average weekly candle size is about 180pips, so depending on where the high of the week is when entries are triggered, TPs will be continually updated accordingly to reflect the high of the week.

Book of LITE

CADCHF ENTRY PLAN...

Book of LITE

In the longer term, GBP, EUR and CHF still typically looking strongest, while AUD, JPY and CAD continue looking the weakest. Since my strength meters are not working for now, a cursory analysis of how each of the strong currencies performed against ...

Book of LITE

Unfortunately couldnt update my journal last week. Serious ISP issues. My strength indicators suddenly refusing to update after the latest mt4 updates. strange. Will have to do a manual relative analysis of currency strength and/or weakness for now. ...

Book of LITE

Trading Plan for Week 7 Mon 10th. Feb - Fri. 14th. Feb 2014. 1. CADJPY trade setup still valid. 2. Entries to be made only after Asia session on Tues. 11th Feb commences. 3. No trades to be taken after Asia session on Fri. 14th Feb closes. 4. Play ...

Book of LITE

Currency Strength/Weakness profiling for Week 7, Mon. 3rd Feb. - to - Fri. 7th Feb. 2014. STRENGTH PROFILE 1. -GBP 2. -CHF 3. -USD 4. -EUR 5. -NZD 6. -JPY 7. -CAD 8. -AUD RATE OF CHANGE 1. JPY 2. CHF 3. USD 4. EUR 5. NZD 6. GBP 7. AUD 8. CAD (1 = ...

Book of LITE

WEEK 6 TRADE SUMMARY Terrible trading week it was. Made some really stupid errors, but the learning experience is good for me. Basically I entered more positions to the CADJPY trade plan for the week and ended up over leveraging the account. GREED. ...

Book of LITE

Trading Plan for Week 6 Mon. 3rd Feb - Fri. 7th Feb 2014. 1. Continue with CADJPY trade initiated last week. 2. Entries to be made only after Asia session on Tues. 28th Jan commences. 3. No trades to be taken after Asia session on Fri. 31st Jan ...

Book of LITE

Currency Strength/Weakness profiling for Week 6, Mon. 3rd Feb. - to - Fri. 7th Feb. 2014. STRENGTH PROFILE 1. -GBP 2. -CHF 3. -USD 4. -EUR 5. -NZD 6. -JPY 7. -AUD 8. -CAD RATE OF CHANGE 1. JPY 2. GBP 3. USD 4. CHF 5. EUR 6. AUD 7. NZD 8. CAD (1 = ...

Book of LITE

WEEK 5 TRADE REVIEWS. Apparently market stayed stuck in counter trend volume generation mode. Made a couple of emotional entries on GBPCAD and GBPAUD, but quickly closed for small loses. Simply didnt stick to the plan. Started incorporating Rate of ...

Book of LITE

updated trading plan... ROC Profile makes CADJPY look like a very high probability trade...

Book of LITE

Trading Plan for Week 5 Mon. 27th Jan - Fri. 31st Jan 2014. 1. Entries to be made only after Asia session on Tues. 28th Jan commences. 2. No trades to be taken after Asia session on Fri. 31st Jan closes. 3. Play GBP strength against CAD weakness. 4. ...

Book of LITE

Currency Strength/Weakness profiling for Week 5, Mon. 27th Jan. - to - Fri. 31st Jan. 2014. STRENGTH PROFILE 1. -GBP 2. -CHF 3. -EUR 4. -USD 5. -NZD 6. -JPY 7. -CAD 8. -AUD RATE OF CHANGE 1. JPY 2. NZD 3. GBP 4. USD 5. CHF 6. EUR 7. AUD 8. CAD (1 = ...

Book of LITE

WEEK 4 SUMMARY. -152 -78 +479 +354 +220 +193 +235 -18 TOTAL 1233 pips. Lessons learnt include always wait for breakout of relevant support/resistance zone before pulling the trigger. If trade fails due to low volume or no follow through momentum, ...

Book of LITE

WEEK 4 TRADE REVIEWS. CHFJPY TRADE -18pips.

Book of LITE

WEEK 4 TRADE REVIEWS. AUDCHF TRADE 648 pips.

Book of LITE