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USD longs paying off (with patience)

AdamFx42 Опубликовано 11 Авг. в #Trader's blog #Patience #Crosses #USD Long

My Usd longs are starting to pay off at last
I have been long Usd since the start of the week
UsdJpy hit a stop loss, but my Usd crosses remain open
It has been up and down all week - mostly down
Today my Usd long crosses are in the green and starting to pay off
The problem now is the weekend leverage
I will have to find a spot to close them for the week

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Patience now required

AdamFx42 Опубликовано 11 Июнь в #Trader's blog #Trades #Patience #Looking Out

Patience will now be required of me if I want to win the contest
I know what it is like - and more importantly, what it takes
to win the trader contest - it is never easy, and a amount of luck is required
I have to be patient and wait my turn now - there are a couple of large moves
still to come on the market - there always are .. every month ..
My business will be to recognize them and act accordingly
Fundamentally, I think Gbp will be the one to sell
It will have to pop its head up, though bef…

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Patience will be rewarded

AdamFx42 Опубликовано 7 Июнь в #Trader's blog #Patience #Stick To Your Positions #Keep Thinking #Watch The Markets

It seems my patience last week was rewarded with a third spot in the competition :-)
I kept to my strategy and plan last week,
and while I was hovering around break-even for the first three days
I kept looking at the market dynamics and the price action of my chosen forex pairs,
to make adjustments in TP and SL and to switch to different pairs and adjust targets
When it was time for the ECB decision I had my plan laid down:
I sold everything euro at first as intended
then checked the movement do…

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USD longs paying off (with patience)

Patience now required

Patience will be rewarded