Well it's been quite an interesting hebdomad this hebdomad because I've been employing a whatever strategies that I wouldn't ordinarily study using. Furthermore these additional positions generated more profits than my important 4 distance trading strategy, and they were supported on nothing more than good system and gut instinct.
I did ease trade 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 meet didn't poverty to go down. The EMAs crossed downwardly 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 prefabricated whatever decorous returns trading this pair, and indeed the AUD/NZD pair. I've talked about both of these pairs, and how they are starting to countenance weak, in my digit stylish journal posts and hit thence been watching them both rattling closely this week.
I took a brief function on the GBP/USD backwards on weekday (before the prototypal descending EMA elector when I then unsealed a newborn position). The Supertrend had fresh overturned red, ie bearish, on the daily interpret so when the toll then rallied a whatever cardinal points after whatever positive economic data, I was overconfident that the downside would prevail in the end.
I unsealed a brief function at 1.6550 and was targeting a start backwards to 1.6400 (with a kibosh expiration ordered at 1.6600). I ended up watching the football and mitt the function to run overnight. Thankfully the toll did start to 1.6400 the incoming day for a rattling pleasant 150 saucer profit but I was actually rattling lucky because I was within 6 points of existence obstructed discover at digit point.
I could hit 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 thought we strength hit seen an upwardly breakout. This hasn't happened and so I conceive the downside module yet prevail incoming hebdomad but this oblique state has certainly been frustrating, modify though I managed to become discover ahead.
The other unify I traded was the AUD/NZD pair. You haw recall that I wrote a journal post fresh lightness the descending breakout. As a termination of this I was waiting for a offense pull-back so I could unstoppered a baritone risk brief position.
As it overturned discover I ended up taking digit separate 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 prototypal time it didn't quite reach my direct and I was obstructed discover at break-even (which ease outlay me about 15 points because of the super spread) but the ordinal function came good after it hit 1.2200 a brief patch ago.
So it feels good to generate whatever profits using a assorted strategy but hopefully my 4 distance trading strategy module return to modify erst the major pairs kibosh trading sideways.
(By the artefact there was a pleasant upwardly EMA elector on the EUR/USD unify that would hit resulted in whatever decorous profits but I was place soured trading this at the time because the pivotal elector bar/candle was around 170 points long).
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