We are now in July, the period where traders consider Forex to be in summer ranges, i.e. not moving very much. Here it was minus three degrees and we are having the best snowfalls since the year 2000.

I mus admit I have not had a lot of trades lately. Only had one trade last week and that was a loss of 24 pips. Still working on a system that I believe will enable me to create more positive trades. It used support and resistance, EMA’s and the ATR. Might sound a little complicated but I am setting it up so that I believe it will be reasonably simple to set up.

My main aim is to be able to trade consistently, using the same system and obtain a better that 50% win ratio. And when I normally try to trade at 3:1 or 4:1 profit loss ratio, at 50% it should be consistent pip winner. Providing it comes off and it does look promising at this stage.