Forex/Commodities – 4hr Trading using MT4 charting software with broker AxiTrader
Paper trades (recording these via excel charts… so not really paper!)
- EURUSD – Long position
- AUDUSD – Long position
- GBPUSD – Long position
- NZDUSD – Long position
- XAUUSD (Gold) – long position
NZDUSD 10MA is sitting right on the fence of crossing back into the channel and giving a close order. By the next 4hr candle it could give that signal, however I will be snug in bed by then. My stop loss is just below the donchian which isn’t far away from the channel top anyway so that will close my trade if triggered. I may lose a few pips this way rather than sitting up until 2AM, but for the sake of sleeping I’m happy to spend a couple of pips. Trading is intended to enhance my life not deprive me of sleep.
LIVE trades on spreadbetting LIVE account:
- XAGUSD (Silver) – long position
- EURAUD – Long position
- EURCAD – Long position
- USDCHF – Long, 10MA crossed out of the channel today.
This is now my second USDCHF buy in a few days, the last one didn’t work out. I could feel the mental strain asking if I was doing the right thing, but I have to take each trade. Tis may be the one that starts the new trend as the USD strengthens.
Stocks – End Of Day (EOD) Trading using IG.com broker and platform
- Kontron AG – Long Position
- Thomas Cook Group PLC – Long Position
- Firstgroup PLC – Short Position
- Caragon Networks Ltd – Short Position opened today at market opening.
Some good moves in my direction today. However it is still slow (but steady!) progress with the EOD stocks.
I have now funded a live account with Axi Trader.
I’ve still not yet released funds so the amount invested isn’t the full amount.
I want to start with a £2k account. I will only ever enter 5 trades at a risk of 2% each which risks a maximum of £200 (10%), so this is what I’ve invested.
But to limit my losses, in case of slippage beyond my stop loss, I’m only risking what would have been 1% of the £2k (£20).
I’ll be giving end of month updates via recorded screen videos over on youtube (posted here of course too) to give an update of all I’ve traded (mistakes n’all so you can learn as I learn!)
Facebook Group Forum:
A boring disclaimer… coz I don’t wanna be sued and stuff!
The information contained within this blog/website and any information contained in any social media account related to EXF Trading is intended for interesting reading only.
I am not qualified or considered an expert in any aspect of trading and the words which I write are my opinion only and not to be considered correct.
If you trade based on any of my information, you do so at your own risk.
I urge you to do your research and make your own conclusions before considering trading.
You are responsible for your own trading actions.
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