Forex/Indices/Commodities – Trading using MT4
- USDJPY – Short (SR)
- GBPJPY – Long (SR) – A “set & forget” order triggered.
GBPJPY spiked down into my order zone triggering my order I placed near a S/R area. Now expecting to see some long movement up toward the next area of S/R
Forex/Indices/Commodities – Trading using FXCM
- USDCHF – Short (RP) – TSL hit today closing order #2 – Total £6.46 profit
- EURAUD – Long (RP) – Closed for a £1.64 loss
- GBPUSD – Long (TJ) – Closed for a £10.50 loss
- GBPUSD – Long (RP) – Signal on the RP strategy to go long (See notes below)
- AUDUSD – Long (SR)
- GBPNZD – Short (SR)
The european (which includes the GBP) currencies moved a lot today. I’m assuming it was on some “Brexit Divorce” settlement causing huge spikes in the prices. This caused many of my trades in EUR, CHF and GBP pairs to be stopped out (It happens unfortunately) including GBPUSD which dropped, closed my positions and climbed back again, also generating another signal to continue long on the RP strategy.
This is where mindset can play tricks. This pair just too over £10 of my money, why would I want to risk trading it again? The signals work out. I was correct in my trading direction anyway. The news causes people to panic and make silly decisions. I’m simply sticking to my initial decision and continuing from where I began before all the panicking .
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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.
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