Review of the GBPUSD and GBPJPY

I see some potential for a strong trend developing on both pairs.
Explainations are on the charts.
It’s always good to identify pairs which have strong trending potential.
Gives you a clear direction to be trading.

GBPUSD trade taken 15th Sept

Explainations on the charts.
There was a failed double top against resistance of 1.6655, very quick rejections from that level, followed by a steep drop. Prices fell much further than I expected.
Basically, closed out a little too early, should have held something to run.
But it’s alright, shall see if I can catch myself a reversal or take another short position down after a retracement.

EURUSD trade taken 14th Aug + Weekly Forex Report

Took this trade, thinking it’d be really quick. Explainations on the charts.
Entry based on the 15min chart for a quick trade, unfortunately I was monitoring it from the 1 hour charts..zz
There was a visible double top on the 15min chart, an indication that things wouldn’t continue going my way for long.
Being on the 1hr charts, I didn’t see this..and before I knew it, price was falling.

-25 pips here..=)
lessons learnt:
1) monitor from the same chart you entered.
2) it might be better to trade failures of attempts to break support and resistance levels.
lol

I’ve also exited the remaining half position on the EURUSD which I entered at 1.4188, exited at 1.4263 for an equivalent of +37.5pips
Don’t want to hold it over the weekend. Especially when EURUSD looks like it’s getting tired of going up. =/
Anyway, to end the week, I think it’s been pretty decent.

EURUSD +37.5pips
EURUSD -25pips
EURJPY +62pips
EURUSD +64pips
EURUSD +54pips
EURJPY +39.75pips
EURUSD -36pips
EURJPY +41pips
                   Total +237.25 pips (expectancy still yet to be calculated, but i think it’s gonna be quite low)

Pretty far cry from the pros who manage easily over +500 pips a week.
Didn’t realise it, but the EUR appears to have been my choice for the week.
I have no idea why. lol