Price Reversal & Continuation Tuesday

European Hours
No. of signal recommendations: 3
End-of-session results: GBP/USD (-15 pips), EUR/USD (-40 pips) & USD/CHF (-30 pips)
Maximum potential: 30 pips
Own P/L: -89 pips

US Hours
No trade

Oops. I gave back half of my last week's gain on this morning 'tricky' price action. My positions were briefly in the green before the price breakout in the wrong direction ! Actually, it was supported by the fact that we were going to have a lower-than-expected consumer sentiment number in the noon. Traders were already gearing for negative action on the US dollar. The sensible thing to do was to take losses at the end of session, which I did. Understanding the latest fundamental development in the market should help keep a trader away from ugly trades.

Late Session
No. of signal recommendations: 2
End-of-session results: GBP/JPY (-70 pips SL !) & CHF/JPY (-20 pips)
Maximum potential: 0
Own P/L: No trade

No results from FK today ! I think today was the first day with five losers all together. I skipped the yen-crosses signals in the late session.

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