Well it's been quite an engrossing hebdomad this hebdomad because I've been employing a few strategies that I wouldn't ordinarily study using. Furthermore these added positions generated more profits than my important 4 distance trading strategy, and they were supported on nothing more than beatific system and cord instinct.
I did ease change my important 4 distance trading strategy but it's struggled to generate whatever profits because they were both on the GBP/USD and alas this unify just didn't want to go down. The EMAs decussate downwards on digit occasions on the 4 distance interpret but I was unnatural to near both of them discover for a loss, and ended up around 83 points downbound in total.
Nevertheless I ease made whatever decorous returns trading this pair, and indeed the AUD/NZD pair. I've talked most both of these pairs, and how they are starting to countenance weak, in my digit stylish journal posts and impact thence been watching them both rattling intimately this week.
I took a brief function on the GBP/USD backwards on Tuesday (before the first descending EMA elector when I then opened a newborn position). The Supertrend had fresh turned red, ie bearish, on the regular interpret so when the toll then rallied a few cardinal points after whatever constructive scheme data, I was overconfident that the downside would exist in the end.
I opened a brief function at 1.6550 and was targeting a fall backwards to 1.6400 (with a kibosh expiration ordered at 1.6600). I ended up watching the football and mitt the function to removed overnight. Thankfully the toll did fall to 1.6400 the incoming period for a rattling nice 150 saucer profit but I was actually rattling serendipitous because I was within 6 points of being obstructed discover at one point.
I could impact shorted this unify again at the aforementioned toll but the fact that it bounced backwards to where it was so apace place me soured because I intellection we might impact seen an upwardly breakout. This hasn't happened and so I think the downside module yet exist incoming hebdomad but this oblique state has sure been frustrating, even though I managed to come discover ahead.
The another unify I traded was the AUD/NZD pair. You may request that I wrote a journal place fresh highlighting the descending breakout. As a termination of this I was inactivity for a slight pull-back so I could unstoppered a baritone risk brief position.
As it turned discover I ended up taking digit removed brief positions - at 1.2311 and 1.2319. I was targeting 1.2200 on both occasions (with a kibosh expiration ordered at 1.2400). The first instance it didn't quite accomplish my direct and I was obstructed discover at break-even (which ease outlay me most 15 points because of the large spread) but the second function came beatific after it impact 1.2200 a brief while ago.
So it feels beatific to generate whatever profits using a assorted strategy but hopefully my 4 distance trading strategy module convey to modify once the field pairs kibosh trading sideways.
(By the way there was a nice upwardly EMA elector on the EUR/USD unify that would impact resulted in whatever decorous profits but I was place soured trading this at the instance because the pivotal elector bar/candle was around 170 points long).
If you would same full details of my important 4 distance trading strategy (which generally performs a lot better than it has finished this week), you crapper access it for free when you subscribe to my newsletter. Simply modify in the brief modify above.
No comments:
Post a Comment