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Going long GBPUSD

Going long GBPUSD this morning, pair is trending up and risk can be kept low at latest fractal.

Long GBPUSD

Long GBPUSD

All trades closed. Net negative of 219 pips

All of my four trades either hit stop loss or take profit. One trade was a winner (because stop had been trailed, not thanks to T/P) and the other three were losers.

EURGBP H4 (04-11-2016 2017) EURAUD H4 (04-11-2016 2017) NZDJPY H4 (04-11-2016 2018) GBPJPY H4 (04-11-2016 2018)

Stopped out on AUDNZD

My AUDNZD trade from yesterday got stopped out. No confirmation of the trend, we’re basically ranging like on most pairs currently.

AUDNZD retraced

AUDNZD retraced

Stopped out on XAGUSD

Another case of retrace taking me out with subsequent continuation of the trend in the right direction. No problem, but a very bad start of the month with mainly losing trades so far. I do however have two open trades that are in profit. I’ll have to manage them well to get the money management machine to save the day. No change in the strategy, no revenge trading, I missed a couple of good signals that happened during midday but that’s how I trade, nothing I can change and it’s been profitable so far. So this month is a typical case were psychology usually drives you to overtrade or shift strategies. I’ll try and stick to the rules without emotion.

XAGUSD loss

XAGUSD loss

Trade setup on AUDNZD

Going short, a trade setup on AUDNZD has appeared, trend is down, price is below cloud, Kijun and EMA trending down, stop loss at previous fractal, low risk 0.9%.

AUDNZD short

AUDNZD short

Stopped out on all three trades

All trades entered this morning were stopped out during the day, all trends initiated at the end of last week reversed.

Each trade was taken with a very low level of risk, around 0.7 to 0.8% by trade so the loss for today is around 2.1 to 2.4% of my account.

No worries, keep looking for the winners that will make the month, as usual. No revenge trading, no emotions around these losses, they are just what I consider as “my cost of operation”. If I were a startup company these losses would just be the operating costs for Feb.

NZDJPY

NZDJPY

CADJPY

CADJPY

EURAUD

EURAUD

Short signal on EUR/NZD

Just got a short signal on my 4 hour chart of the EUR/NZD. Price below cloud, Kijun and 21 EMA sloping down. Latest fractal enables f or a tight stop. Go short.

eurnzd entry

eurnzd entry

45 pip gain an CAD JPY

Trailed the stop pretty close. End of year markets, I don’t want to be in for too long.

A quick win of 45 pips on this CAD JPY short.

cad jpy 45 pip gain

+472 pips on 3 trades to end the week

I closed all open trades for the weekend.

Total gain is +472 pips on 3 trades, configurations were well oriented.

As always, these three trades offset a long series of losing trades since the money management and the stop placements always keep risk at a very low level.

Have a great weekend all.

eur cad 202pips

eur cad 202pips

eur usd 164pips

eur usd 164pips

usd cad 106pips

usd cad 106pips

EUR/CAD looking good, trailing stop to fractal

My EUR/CAD long is looking good, trailing stop to fractal that has just been created. Upward slope seems good, higher highs are being made.

usd cad looking good

usd cad looking good