Overall Trading Strategy

My trading will focus on commodity currencies (AUDUSD,AUDNZD,NZDUSD,CADJPY,CADCHF)

They require little margin to trade and have a high pip value.

They are considered risk-on investments, and have a daily minimum average of 70 pips.

For my trading objectives; commodity currencies are a good choice, considering their pip value and

daily pip range.

Trading method: My method is based on technicals; I employ volatility breakout method and

trend following trading method on an hourly chart, with RSI and CCI. I am looking

at short-term trading opportunities (day trading). I'll be capturing significant amounts of pips

by holding positions for days or even weeks.

Risk appetite: I am prepared to risk 20% of my margin to earn USD 240,000.00 over a period of 23 days.

Standard buy/sell order size: 500 000 units for each cross.

Expectations: I am expecting to see short-term trend reversals and trend continuations, in the commodity

currency group over the next coming days or weeks.

Trading plan: Because commodity currencies are cheaper to trade, I hope to trade all 5 crosses

concurrently and control my level of risk. I plan to hold positions for longer durations in the

direction of the trend, or enter at market bottoms and tops using CCI and RSI indicators as guidance.

Total Margin Requirement: $12,500.00
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