Australian Dollar / U.S. DollarEducation
AUDUSD BOMB January 2019 (RUN 1)
Updated
## Month Summary / ASR (Run 1)
### Chart Screenshot
[tradingview.com/x/W8QlBoMs/](https://www.tradingview.com/x/W8QlBoMs/)
### Key Metrics
Trades 4
Wins 1
Losses 3
Breakeven 0
Win Rate % 25.00%
Return % 5.33%
**Opportunities Missed = ~3%**
**Opportunities Capitalized On = 8.17%**
### Lessons Learned
Just gotta keep your eye out for those high probability setups. Impulse and corrective pattern series are a great indicator for this pair.
With that said, also be willing to take the mid probability trades because you never know if theyre going to take off or not.
**Wicks**
Wicks accompanied by fading price action is a no-go
**Impulses**
Avoid weak impulses, especially those that retrace or have fading price action (curve)
**Channels & Trends**
Potentially should be avoiding trading continuations in a channel unless it very cleanly breaks out of the range to up side.
**Price Action**
Overall quite a volatile month with the huge spike at the start and increasing volatility after the 25th. Mid month was corrective trending in ascending an descending channels.
**Key Zones & Levels**
This month had one clear S/R zone.
**Other Confluences**
Didn't notice any this time around except for the I/C/I patterns previously mentioned.
**Missed Trades**
Missed a couple of small trades on the 14th, 17th of the month (+/-1%)
**Psychology**
Need to continue to focus on the positives when backtesting. Should not care about losses as they are a good place to learn what to avoid.
### Chart Screenshot
[tradingview.com/x/W8QlBoMs/](https://www.tradingview.com/x/W8QlBoMs/)
### Key Metrics
Trades 4
Wins 1
Losses 3
Breakeven 0
Win Rate % 25.00%
Return % 5.33%
**Opportunities Missed = ~3%**
**Opportunities Capitalized On = 8.17%**
### Lessons Learned
Just gotta keep your eye out for those high probability setups. Impulse and corrective pattern series are a great indicator for this pair.
With that said, also be willing to take the mid probability trades because you never know if theyre going to take off or not.
**Wicks**
Wicks accompanied by fading price action is a no-go
**Impulses**
Avoid weak impulses, especially those that retrace or have fading price action (curve)
**Channels & Trends**
Potentially should be avoiding trading continuations in a channel unless it very cleanly breaks out of the range to up side.
**Price Action**
Overall quite a volatile month with the huge spike at the start and increasing volatility after the 25th. Mid month was corrective trending in ascending an descending channels.
**Key Zones & Levels**
This month had one clear S/R zone.
**Other Confluences**
Didn't notice any this time around except for the I/C/I patterns previously mentioned.
**Missed Trades**
Missed a couple of small trades on the 14th, 17th of the month (+/-1%)
**Psychology**
Need to continue to focus on the positives when backtesting. Should not care about losses as they are a good place to learn what to avoid.
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