Gert Jakobus Visser / Profile

I've had an amazing couple of trading days and have far exceeded my goals. I'm currently on track to double my account from $200 to $400 this month while still being mindful of risk management. Interestingly, my success rate is below 50%, but I'm still able to generate decent profits. This is primarily due to my focus on proper money management and risk control.

#USDCAD - Today I short this pair for +- 32pips anticipating CAD to strengthen throughout the Asian and London session. I have a 20pip SL in place just in case US is disagreeing with my analyses.....

USDJPY - one of the currency pairs I'll be looking to trade on Monday, anticipating a bearish move to 111.700 region and even 111.300.

For now it is Movie time and I feel like watching "21" - one of my all time favorites!

#AUDJPY - This is as close to 80% accuracy as you will ever get...... double top with lower high on 15min near a key Daily Level. I have 2 x Orders, of which one is active and the other is a Pending Sell. Once both orders are active my overall Risk would be 15pips and my Reward is 65pips.

My next setup will on AUDJPY pair with a Short Limit order at 83.500 region.....

Who is with me???

Due to a Bearish spike on GBPJPY, which by the way I did not see coming, I lost the profit I made yesterday, which is not cool..... I have 2 more orders on this pair, because we are still Bullish and heading for an upper key level as indicated on the chart. I only hope there is no more "surprises" on our way there....

GBPUSD Update:

Orders No. 1 and 2 will stay open with No SL, because I have a full-hedge order at No. 3

TP is at 1.33800

GBPUSD orders have been setup and now we wait......

Anticipate price to push down to 1.3225 region and pick up on previous key Demand Level. I have a 20pip SL in place just in case the bearish momentum is too strong, but then I'll pick up another Buy order on the swing. I see this pair head to 1.3380 by tomorrow.

Trade safe!

An awesome start to the week with a whopping +9.79% Profit for the day pushing my Overall Gain to +337.63%. I'm hoping to tap into tomorrow's volume to push the account a further +9%, but only time will tell.....

With Monday around the corner it is time to switch on the charts and start looking at what to trade.

USDCAD is still very much on my radar. I see this pair heading down to 1.3050 region on Monday/Tuesday and even lower to 1.3000. I do anticipate a short term bullish move to 1.3110 region first though.

Also keep in mind the rate change announcement on Wednesday.

Trade safe!

As always we look at my Risk at the end of the week. You will know that is was a tough week for me with some draw down periods as well as some good recoveries. I admit I made some unnecessary trades, which lead to some over trading from my side. This however did not exceed my max draw down I allowed for myself, but the recovery would have been much sweeter had I not over trade. So lets look at the Risk for the pas week:

There is a 40% chance to loose 10% equity, 14.68% chance to loose 20%, 4.66% to loose 30% and 1.24% chance to loose 40%.

Use this as a guide in your own account and adjust your trade volume accordingly.

As one is never to old to learn in this market I was reminded again this week how quickly things can get out of hand.

So next week I'll push forward towards $700 and then $800. My weekly goal is still 10% to 25%.

Have a good weekend!

And that brings us to the end of another week. Not as good as I was expecting, but I'm glad I at least closed in the green. For the week +1.31% and overall gain is +305.96%. My acc balance is at least above $600, which was my target last week.

My max draw down is still in tact and I don't see that I'll get near that again, but it has happened before so as the saying goes: "Never say Never" :-)

Happy weekend all!

As anticipated GBPJPY had an awesome bullish spike this morning hitting my TP at 146.60 and banking 37.78% profit for the day pushing me back to just over 300% profit total gain. With my total acc also back above $600 I will now chase $700.

Tomorrow I'll be looking to trade GBPUSD and USDCAD. I'll bank whatever profit I can take and will not push for $700 tomorrow - that can wait till next week.

#GBPJPY - If you are one of my signal followers you will notice I have 3 open orders on GBPJPY. So where do I see this pair go? Well, my TP is at 146.60, however I see this pair heading towards 147.00 region tomorrow or Friday. I will keep my TP level for now where it is, because I want to bank some profit before I place more orders.

Hopefully the Asian session will push through my TP level otherwise I'll have to wait for the London session's volume to push the momentum bullish.

After a not so great start to the week and month it is time to look at what happened today.

For the day I'm up 5.17% and the week still down -7.82%. I have hedged GBPJPY for a short period today to prevent a draw down beyond 10%. I will hedge again at 145.60 with a 10pip SL and I'll trail the SL if the hedge go into profit by 20pips or more.

As my account grow I will make use of hedging more often to prevent draw downs beyond 10%. If used correctly you can also increase your equity while maintaining your draw down.

I see GBPJPY bullish to 146.70 range by Wednesday (tomorrow). This is supported by GBP's positive Construction PMI released today and USD's negative outlook on its non-manufacturing PMI on Thursday.

So it is official news now....... $600 is my Nemesis......

Here are some of the challenges a trader sit with:

If you close the order before it hit your TP, you should have left it open
If you let the order run to hit your TP, you should have closed it early
If you move your SL you shouldn't have
If you don't move your TP you should have
NEVER say Should Have, Could Have, or Why did I....

So I'm pushing forward to $700 even though I'm down to $500 from $600. Nothing has changed, not my strategy or my risk.

I'm 18,6% down from last week. My max draw down is 35% so I have much room for movement.

If you are one of my followers and are not comfortable with this DD I'll understand if you withdraw from my services, but please come back or decrease your investment amount to a smaller amount you are more comfortable with.

Lets do this!!!

GBPUSD - one of the currency pairs I'll be watching very closely this coming Monday - expecting a pull-back and then a bullish move to upper key price levels.

Lets watch it!

Performance June 2018 - We have reached the end of this week as well as the end of the month of June 2018 and it is time to do the Performance Analyses.

I'm very pleased to announce that I have reached my goal of $600! It took me slightly longed than anticipated, but more important is that I made it even though these last 2 weeks were some of the most challenging weeks I had to face.

Lets look at the performance:

Profit Today: +14.91%
Profit this Week: +11.95%
Profit this Month: +126.85%

Total Gain = +300.69%

Now let's have a look at risk:

There is a 31.64% chance I will lose 10% of my account, a 8.74% chance I'll loose 20% and a 2.03% chance I'll loose 30%. My 10% equity risk did increase due to USDCAD trading and being caught up in the range. Next week this exposure will be less.

I'm more than happy with these results, keeping in mind I did say this is a Medium-Risk strategy so I will go through draw down periods.

Next week I'll focus on less trades, but more quality entries trying to gain between 15% and 25% for the week, but for now lets enjoy the profits and have a well rested weekend!

This brings us to the end of another trading week and it is time to have a look at my Risk.

Probability of Loss is as follows:
There is a 20% change to loose 10% of equity and a 3.55% change to loose 20% of equity.

I've made 4.79% profit this week and 102.63% profit so far for this month with 1 week to go.

Total gain so far is 257.92%

Looking forward to next week and more opportunities to grow my account, but for now it is time to take a break from the charts and news and enjoy the weekend!

Have a good one!

#USDCAD - I am so close to my goal of $600 this week and I'm hoping this trade on #USDCAD will push me into $600! While I'm at it let's look at the week so far before Friday. Profit for the week so far is 15.82% and for today is 3.35%. My total gain on this account is 295.59%. If this trade on #USDCAD goes into profit I'll not only hit my $600 goal, but also reach more than 300% gain on my account.