How to make 85% in 3 weeks whilst risking your house ...

EURUSD price action has been very predictable over the last week. I predicted the drop to 1.302 (roughly where it is at time of writing) on the 13th, and can now see the "faux" moves the market makes(paticularly in NY session) again and again.

Trading grid is easy, but it has one big drawback. If the trend goes against you, you will lose your shirt. I have added many features to Watcher to help prevent this, but the major change has been moving from a microtrend logic to trying to follow the "major" trend. Placing pending orders when the price is further from the grid point also helps to avoid them triggering soon after placement.Its that simple.

Over on StockTwits, I also receive some great insight and tips from other traders. Kudos to @JuanLobato for his recognition of the bearish EURUSD M1 triple top. Seems obvious in hindsight, but while others are looking to the esoteric, Juan was the only one to tweet this:

StockTwits is invaluable for determining "why did it do that" as news comes in a very timely fashion

Finally, an extract from the broker report last week. I show this to demonstrate the significant pattern of ratcheting Watcher has made since trading of this version began. Watcher is (at time of writing) at 85.76% profit since 12st November.

Happy holidays to all!