Trade 4 Short NZDUSD (+13 pips)
Another trade from the 'planned trade' section, I wanted to take this a fw hours ago but had to wait for the USDCAD trade to get risk free, eith the stop loss now at zero for that trade and the Kiwi looking even weaker it wuld seem a good time to takethe final position of the day, 4 trades a day is my max except for unusual circumstances.
Trade 3 Long USDCAD (+28)
This trade comes from the planned trades section of thewebsite, pair tracked down as expected to the inflection zone where a bounce higher could be expected, the sudden surge higher from a strong candle whihc jumped over a short term trendline was enough to trigger this trade.
Trade 2 Long EURGBP (+36)
I made a mess of this trade last week, took it on thursday and closed it for a small win then did not spot its rise friday when i should have made a lot. Long here looks good short term
Trade 1 Long NZDJPY (-4 pips)
Buy the dips in yen pairs is an ongoingmantra at themoment. My favourite pairs are the USDJPY and the EURJPY however at the moment the USD appears to be having a larger correction and I missed the move on the EURJPY. A key part of successful trading is to recognise that when a trade has gone it has gone and you never try to catch it.
NZDJPY appears to be in a more restrained upward move, a series of higher hghs and lows is forming and we may just becoming out of one of those lows. Trigger lie was broken at the close of the 11 am BST candle.Risk reward is really good as we are targeting new highs.
RetiredearlyFX is a trading name of the investment company Bagehotsway.
We are not a regulated company but we only sell regulated products.
We are not authorised to give investment advice.
We believe all figures quoted to be accurate but past performance in no way guarantees future performance
Trading FX is high risk and not suitable for everyone.