Mole’s Flying Forex Circus – UPDATE

The Friday before I flew to Korea I posted a bunch of FX setups for Gold and other subscribers – and it turned out that Scott somehow found himself on the opposite side of my trades. Well, let’s see if those Ozzies have what it takes to topple the mighty Mole:

EUR/CHF – I went short and got to target. Sorry Scott – I’m taking this one.

EUR/USD: Not sure why the chart ate my entries but I got in around 1.3546 – it’s well on its way to my target area of 1.38. I’d give this half a point as we’re not at target yet.

GBP/USD: Well, I’m not counting this one – despite the fact that it got to my target. Reason? I did not get the entry I wanted and it ran off without me. But it’s not a point for Scottie boy either.

NZD/USD: I’m giving this half a point for Mole as it’s well on its way to my target area of 0.78. Almost there – and no, I did not get stopped out in case you wonder – had a 2N stop below.

USD/CAD: Zero point for Mole and I am going to exit this one as it’s taking way too long. But it did not drop through my stop either, as expected. But again zero points for the daring challenger from Down Under.

USD/JPY: Giving it quarter of a point to Mole. It’s taken a lot longer than I thought but it’s on its way now. Again, no love to ole’ Scotty.

I hope Aussies aren’t the pouting type and I promised I wouldn’t rub it in if I’d win. Frankly I was really happy that Scott went prolific and kept the fort from falling into enemy hands during my absence. But – without quibbling over points I think I took this one, mate. Better luck next time?

Big difference between many aspiring traders and Scott: He frankly doesn’t care and I am certain that his money management discipline kept him from incurring any undue damage to his account. I’m even sure that he had no compunction about reversing some of those trades when it became clear they would swing the other direction. That’s the difference, folks – stay nimble and always be prepared to take an inverse position when it’s clear you bet on the wrong horse. Never get married to your trades – or gold diggers for that matter, but that’s story for another day.

Alright, I got lucky this time – trust me, to not get stopped out of that many trades is statistically unsustainable. And I’m sure Scott is already planning his revenge. I am looking forward to part deux of our Flying Forex Shootout 🙂

Shameless Plug:

If you are interested in becoming a Gold member and get early access to setups like this then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Mole