A false sense of hope?
The markets are not creating great long-term trends currently and are a little up and down. Just when we see some glimmer of hope they turn around and cut us short.
Currently, the RP’s are paying off although I went into them at the lowest possible £/pip value to once again “test the waters”. I’m reluctant right now to play any bigger and I suppose I still want to build confidence before wealth.
No TJ’s payed out apart from a signal short on AUDJPY, yet to be triggered.
I’m already short on AUDJPY for an RP, so I’ll take an opportunity to stack trades. Also on the RP side, existing trades are:
- AUDJPY short
- AUDUSD short
- CHFJPY short
- EURAUD buy
- USDJPY short
Only the USDJPY is currently sitting at a very small loss whist the others have locked in profits and trailing stops.
3 closed trades today:
- NZDUSD, RP short hit trailing SL for a profit.
- EURJPY, RP short hit trailing SL for a profit.
- GER30, opened due to break of bearish flag and closed a little while later due to a stock rally warning from my mentor. Very small profit taken.
On the crypto’s…
I’m still mostly sat out in Euro’s.
BTC and the market made a rally today so prices are going up again. However, I have been warned this is just a retracement from the strong sell off and that the market still has a fair bit of falling to go.
I’m sitting on my hand and being patient waiting for the best opportunity to get in.
A boring disclaimer… coz I don’t wanna be sued and stuff!
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