Forex/Commodities – 4hr Trading using MT4 charting software with broker AxiTrader
- EURUSD – Long position
- AUDUSD – Long position
- GBPUSD – Long position
- NZDUSD – Long position
- USDCHF – Short position
Whilst waiting to fund a live account, I’ve re-opened a new demo account in order to keep on top of demo trades using the staggered entry system.
New trades on demo account:
- XAUUSD (Gold) – long. Entered at 10MA crossover, price: 1247.28, risk 2%
- 2nd entry pending at: 1280.32, risk 1%
- 3rd entry pending at: 1313.36, risk 1%
- 4th entry pending at: 1346.40, risk 1%
- EURCAD – short. Entered at 10MA crossover, price: 1.45649, risk 2%
- 2nd entry pending at: 1.44434, risk 1%
- 3rd entry pending at: 1.43219, risk 1%
- 4th entry pending at: 1.42004, risk 1%
Trades AUDUSD, EURUSD have locked in profit (SL trailed above the entry price) and GBPUSD is locked in at break even (SL just above entry)
I calculated the current price of the above currencies. If all trades were to be closed now:
This is, of course, all theoretical profit. No profit is made until the trade is closed. This doesn’t take into account the few small losses before and the few small losses that will come in the future.
What it does show you is what can be made when you catch these large moves (which is why we hold our nerve and take all the trades! You’ve got to be in it to win it!). It’s these large moves that will outweigh the small losses along the way and keep you in profit.
This is based on a relatively simple strategy, and there’s many other strategies that can be mastered to gain even bigger wins and smaller losses. With the staggered entry system too, gains are likely to be even greater.
Stocks – End Of Day (EOD) Trading using IG.com broker and platform
- Kontron AG – Long Position
- Thomas Cook Group PLC – Long Position
Kontron stayed flat for days after entering the trade, however recent days it has started to move more in my favour.
EOD trading requires a lot of patience! Moves seem slow and I’ve been in Kontron for 48 days now for it to eventually move the last few days. Again, you’ve got to be in the trade to catch the moves. Without those days of patience, I wouldn’t have caught this climb.
Other stocks in my watch list still hover around inside the channel.
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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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