This is the first update on my progress. Two weeks into Feb and I am well ahead of target. Two winning trades for 132 pips total. Pretty happy with the trades, although identified a few mistakes that'll need to be worked on. I'll be looking for opportunities to take for the rest of the month, although I need to see one that really looks perfect, otherwise will not chase the game. Patience and discipline

Well just an update on my EURGBP trade. I went into the weekend about 10 pips down and the bullish momentum looking like it was slowing down. I was nervous about the trade, but decided to hang on into the weekend and not exit manually. However the market gapped open around 50 points on Sunday evening, and seeing as the gap worked in my favour I closed my position for a nice profit. The reasons for me closing my trade manually was previous bullish momentum stalling and then a weekend gap opening, my feeling was the gap would close very quickly and my position was 1 x risk up. Banked the profit and move on to the next trade.

What I take from the trade is that my initial analysis was incorrect and that had I held the trade I would have been stopped out for 1 x risk. The pinbar was well formed at a decent level, however after the recent bearish momentum a signal to go long need to be a lot more obvious, and in retrospect this pinbar was not sticking out like a sore thumb.

I got lucky, but am pleased that I managed my trade correctly.

I'm looking for further options and will post any trade I take, however at the moment I don't see anything solid and most markets showing a bit of sideways chop.

Till next time, happy trading.