Account up 8.39% this month

I have not been posting much recently, concentrating on my trading. And it pays off, my PA strategy is delivering +8% this month and it has evolved a bit. I am now working less and less with Market Orders but rather posting BUY or SELL LIMITS at resistance or support levels with S/L very tight and very high R:R ratios. The analysis of my past trades and money management stats led me to conclude that I needed to have much bigger winners since my win ratio is quite low.

All my results can be followed on Myfxbook, see my results page here.

Shorting USDCAD and long AUDJPY

USDCAD

USDCAD

AUDJPY

AUDJPY

Good opportunity on AUDCHF

Just put in a Buy Limit on AUDCHF, gret risk reward ratio if the pair retraces slightly to support.

AUDCHF

AUDCHF

Stopped out on EURJPY

The pair retraced upwards and stopped me out. I was in profit for quite a while but never reached enough profit, so I let my rules apply. Wath the descending trendline for any shorting opportunity.

EURJPY

EURJPY

 

Stopped out on AUDUSD

Price broke through support level. Stopped out.

AUDUSD

AUDUSD

Going long AUDUSD

Took a long on the support level below.

AUDUSD

AUDUSD

EURJPY short

EURJPY is retracing below resistance, going short aiming for demand zone below.

EURJPY

EURJPY

195 pip gain on USDCAD

Just closed a nice trade with a 195 pip gain on USDCAD. I had taken a short below resistance, aiming for the demand area below. Risk had been kept at 1% and the outcome is a 4R.

195 pip gain on USDCAD

195 pip gain on USDCAD

 

EURUSD and USDCAD trades

I had entered a short on EURUSD just below resistance, however bearish NFP news took me out. Knowing it was NFP day I also had a kind of ‘hedge’ with a bearish USD/CAD trade, which is now showing good progress and approx double my loss on EURUSD.

EURUSD H8 (09-02-2016 2025)

USDCAD H4 (09-02-2016 2059)

Reversal on USDCAD

There is a reversal on USDCAD. Have just taken a short with excellent R:R ratio, aiming for the demand area around 1.2879. Risk at 1% of my account, stop just above previous high to keep things tight.

USDCAD

USDCAD