Well it's been another preventative hebdomad with a aggregation of sideways trading state but the summer months are coming to an end now so hopefully things will pick up in the incoming some months. There were just digit trades this hebdomad using my important 4 distance trading strategy. They were both winners but I don't think I'll be ordering the watercraft just yet.
The trades in discourse 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 looking for shorting opportunities on the 4 distance charts.
The first change occurred on weekday salutation when the EMAs crossed 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 morning and after closing discover half the function I let the another half run, agitated my kibosh expiration down to break-even.
I had to go discover on Tuesday salutation so I ordered my direct toll at 1.6230 because I rattling believed a 200 point profit was easily achievable on this stylish downwardly move. However I was unbelievably frustrated to become backwards and find that it had condemned discover my kibosh expiration at break-even. Worst ease the toll did then go on to fall to this level (and indeed every the artefact to 1.6154). So it's clean to feature that I was not amused.
The USD/JPY change occurred on Tuesday morning after the EMAs crossed downwards. I went brief at 94.27 but wasn't specially confident most this one. Because I was feat discover I ordered both my kibosh expiration and my direct toll at 40 points. Thankfully it did accomplish this direct in the end but I was very near to existence stopped discover on digit separate occasions.
So coverall a steady but unspectacular week. By the artefact just like last hebdomad there has been an upwardly EMA elector on the EUR/USD unify but the deciding elector lamp was again too long for my liking.
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