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UPDATE : Long USD/SGD (+185 pips)

TRADE : Long USD/SGD at 1,2555
TYPE : Volatility BreakOut
Maximun risk now : 0%
Time frame signal : Daily
The weekly chart still show upward vias on Momentum and DM indicators and ADX started to climb 5 weeks ago so the long term up trend is intact.
Yesterday daily bar makes a new high and the low was higher than previous one. Right now, everything is ok, so just waiting for high levels. Daily, I move up the trailing stop order to minimize possible losses, right now the order is protecting a min…
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NEW TRADE : Short CAD/JPY at 98,26

TYPE : Swing – Overbought level
Maximun risk : -2,50%
Time frame signal : Daily
CAD/JPY made a high last days completely out of the lower Bollinger band. At same time the width of the bands widening at maximum and now it is starting to narrow. All this means to me that the market is swinging. As weekly chart presents downward vias on Momentum indicator, it is the confirmation that I will not trade against the main trend.
Initially stop loss is always set at a maximum loss of 2,50% of balance account. Then, day after day, the trailing stop will be rising to minimize possible losses.
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CLOSED TRADE : Long EUR/AUD (+408 pips)

TYPE : Swing – Oversold level
Time frame signal : Daily
The objetive price was reach it today at 1,6669, earning a total of 408 pips. Maximun drawdown for this trade was 50 pips (-0,44% of the account balance). So the ratio risk/reward is quite good. (8.16). We have made 8,16 dolars per 1 dolar risked.
Remember that the use of trailing stop orders and never averaging o duplicating positions is a good way to control maximun drawdowns and protect your capital
Patient and Trend is all we need to in…
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samme avatar
samme 22 Wrz

Very nice......great going

verindur avatar
verindur 22 Wrz

You are showing the way Fredi. Very inspiring. That is true trading.

Fredi avatar
Fredi 22 Wrz

I appreciate your words. Thanks

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UPDATE : Long USD/ZAR at 10.8308 (+ 1792 pips

TYPE : Volatility BreakOut
Maximun risk now : -0,60%
Time frame signal : Daily
The majority of profitable trades reach his objetive price in two impulses. Very few trades reach it directly in just one impulse. In the daily USD/ZAR looks like the first impulse is done and now we are in the second impulse.
Main trend is still going up looking the weekly chart. Indicator as Momentum and DM are in tune , and price is walking out of the upper Bolliger Band.
At the moment, we have 1792 pips in profits…
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UPDATE TRADE : Long EUR/AUD at 1,4067

TYPE : Swing – Oversold level
Maximum risk now : -2,13%
Time frame signal : Daily
EUR/AUD is winning 268 pips in 4 four days. Objetive is the upper Bollinger Band. The majority of profitable trades reach his objetive price in two impulses. Very few trades reach it directly in just one impulse, but hopefully maybe this one do it in just one. Weekly chart still show upward vias on Momentum indicator so we are in tune with the main trend. Let us see if can reach 80 pips more to get objetive.
Initia…
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GBP ENTRY SIGNALS

There are some entry signal for GBP trades but I will not trade. Market is waiting for the Scottish referendum and GBP shows crazy movements, no clear direction. Referendum is 50/50 chances, like flip a coin. I am not a casino player. My experience is be out of the market with this conditions, so I will not trade GBP in two weeks. I am still looking for entry signal for the rest of currencies as usual.
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NEW TRADE : Long EUR/AUD

TYPE : Swing – Oversold level
Maximun risk : -2,50%
Time frame signal : Daily
EUR/AUD made a low last days completely out of the lower Bollinger band. At same time the width of the bands widening at maximum and now it is starting to narrow. All these means to me that the market is swinging. As weekly chart presents upward vias on Momentum indicator, it is the confirmation that I will not trade against the main trend.
Initially stop loss is always set at a maximum loss of 2,50% of balance account…
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NEW TRADE : Long USD/ZAR at 10,8140

TYPE : Volatility BreakOut
Maximun risk : -2,50%
Time frame signal : Daily
Bolinger bands narrowing at a minimum and the price break the upper band. Meantime the weekly chart presents upward vias on Momentum and DM indicators and ADX started to climb 2 weeks ago so the long term trend is up. I never trade against main trend.
Initially stop loss is always set at a maximum loss of 2,50% of balance account. Then, day after day, the trailing stop will be rising to minimize possible losses.
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+USD/SGD Update

TRADE : Long USD/SGD at 1,2555
TYPE : Volatility BreakOut
Maximun risk now : -1,99%
Time frame signal : Daily
The weekly chart still show upward vias on Momentum and DM indicators and ADX started to climb 2 weeks ago so the long term up trend is intact.
Yesterday daily bar makes a new high and the low was higher than previous one. Right now, everything is ok, so just waiting for high levels.
I moved up the trailing stop to minimize possible losses. Maximun loss now is -1,99% of balance.
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+USD/SGD

New Trade : Buy USD/SGD
Type : Volatility BreakOut
Maximum risk : 2,5% of balance
Time frame signal : Daily
USD/SGD volatility is at a minimun checking Bollinger Bands. Price is breaking the upper band. The upward vias is in tune with the main trend in weekly chart. Both, momentum and DM´s indicators show positive trend.
Every day the S/L order will be revised in the same direction of the trade to minimize the possible loss.
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