Well it's been another frustrating hebdomad with a lot of sideways trading state but the season months are reaching to an modify now so hopefully things will pick up in the incoming few months. There were meet two trades this hebdomad using my important 4 distance trading strategy. They were both winners but I don't conceive I'll be arrangement the watercraft meet yet.
The trades in question were on the GBP/USD and USD/JPY pairs. Both of these were in bearish trends on the daily interpret (according to the Supertrend indicator) so I was only hunting for shorting opportunities on the 4 distance charts.
The prototypal change occurred on weekday salutation when the EMAs decussate decisively downwardly on the GBP/USD pair. I went brief at 1.6432 and ended up holding on to it overnight. My initial direct toll of 50 points was achieved the mass farewell and after approaching discover half the position I permit the other half run, moving my kibosh expiration downbound to break-even.
I had to go discover on weekday salutation so I ordered my direct toll at 1.6230 because I really believed a 200 saucer acquire was easily achievable on this stylish downwardly move. However I was incredibly frustrated to come backwards and encounter that it had condemned discover my kibosh expiration at break-even. Worst still the toll did then go on to start to this level (and indeed every the artefact to 1.6154). So it's clean to say that I was not amused.
The USD/JPY change occurred on weekday farewell after the EMAs decussate downwards. I went brief at 94.27 but wasn't particularly confident most this one. Because I was going discover I ordered both my kibosh expiration and my direct toll at 40 points. Thankfully it did accomplish this direct in the modify but I was rattling close to existence stopped discover on two removed occasions.
So overall a stabilize but unspectacular week. By the artefact meet same terminal hebdomad there has been an upwardly EMA elector on the EUR/USD pair but the decisive elector candle was again likewise long for my liking.
If you would same to obtain full info of my important 4 distance trading strategy, you crapper admittance it for liberated when you subscribe to my newsletter. Simply fill in the brief modify above.
No comments:
Post a Comment