Trading like a machine, mechanical forex trading.

Posted by admin Edit Dec 11

This week has been amazing for me, I have had some fantastic results trading Oil, I have really surprised myself and keep expecting to lose the flow / my mojo; however while I am on a run I will just keep hitting it. 

Fridays are generally a quiet day for me, some say it is profit taking / book straightening day etc ready for the end of the week. The more I experience this the less inclined I am to let it affect me. Mechanical trading like I do works the same way in every market. It is amazing how silly pre-conceived ideas can cloud your judgement.

So today, my gut instinct / bias was for end of week profit taking / selling,  my immediate priceaction told me to look for longs / buying, so that is what I did.

The charts below tell the complete story.

h1 chart below

m30 chart below

m15 chart below, I entered my second long trade of the morning, got stopped out but re-entered at a bettr price and hit my target just short of 89.00.

m15 chart two below

m5 chart below, a cheeky long trade after a thank god it’s Friday trip out for a lazy lunch and a walk.

These reversal trades are just trend trades on the lower timeframes using 1st support or resistance as target, how much more mechanical can you get??

Trading is one of the most humbling yet interesting and exciting things I have ever done, you never stop learning. I will post more on this subject soon.