Posts

February at -9.1%. I’m being transparent.

No one can claim I’m not being transparent ! Feb reuslts have been very dissapointing with quite  significant drawdown at -9.1%. With ranging markets this momentum trading strategy obiouvsly has gone into negative territory. I’m working on elements that could improve the system in order to avoid trading in ranging market conditions, but I don’t want to tweak the system every time it goes negative because this is really part of trading and I’m actually fully ok with it. Let’s see if March picks up. Safe trading everyone.

Going short USDCAD

Short signal on USDCAD.

USDCAD

USDCAD

Waiting on the sidelines

Trading activity is extremely low these past few days, since most of all ongoing trends have reversed or are reversing. Most pairs are inthe cloud or retracing; so our system is not giving any clear signal. There is a general trend of uncertainty in the markets, as fundamental drivers are getting blurred. So we remain patient, on the sidelines.

Going long EURUSD

Long signal on EURUSD

Long EURUSD

Long EURUSD

Two entries this morning

Good morning, I have to entries this morning.

One on NZDJPY and the other on CADJPY (see graphs) :

CADJPY H4 (02-02-2016 0732) NZDJPY H4 (02-02-2016 0732)

To know more about my methodology, read about it here.

Going long AUDNZD

Just took a long trade on AUDNZD, EMA trending up, price above cloud, good fundamental news driving the pair since end of last week.

AUDNZD

AUDNZD

Three losses in a row

My three open trades were taken out on their stop levels. Actually trends ultimately resumed but stops had been tightened pretty much.

USDCAD loss

USDCAD loss of 54 pips

EURGBP loss

EURGBP loss of 14 pips

GBPUSD loss

GBPUSD loss of 27 pips

Going long USDCAD

Have just taken a long USDCAD. 21 EMA sloping up, good trending pair, low risk with most recent fractal very close nearby.

Long USDCAD

Long USDCAD

Just took two trades involving cable

Just entered two trades involving cable (GBP).

GBPUSD short

GBPUSD short

EURGBP long

EURGBP long

Two quick winning trades. Up 5% in Jan

Took two winning trades quickly before going to work this morning. Setups were very good. Kept risk very low at around 0.5%. Take profits were also placed at R2 since I could not monitor my trades during the day. I must say both trades could have yielded much more (at least double, as shown on below graphs), buoyed by UK Central Bank announcements.

First trade was on GBP/USD : +80 pips

GBP/USD winner

GBP/USD winner

Second Trade was on EUR/GBP : +58 pips.

EURGBP winner

EURGBP winner

As of yesterday my account is nearly up 5% for Jan, a very good start to the year.