- Steven
- Mar 17
Two live trades on the Eurnzd and cadchf. From our exits at the time of writing the positions have moved against us. The cadchf shown below has entirely turned against us. This outcome was not exactly predicted although it appears as though we must have seen it coming. What we were reacting to was risk not the outcomes. The risk associated with the double tops and long wick against our entry direction sometimes turns into movement directly against out position. The possibility is what we reacted to, not the outcome. In this particular situation yes we jumped out of the way just before the risk produced its effects. We extracted about 50pips from the eurnzd for just under $300. The account is up 2%.
Good Trading.
- Steven
- Mar 16
Lengthy analysis today. Went through all pairs, found some ideas for the next day or two. The eur/usd is the most appealing at the moment.
Our gold trade unfolded in a way we expected it might. Having not held its hand out of the gate we found it lose confidence and come running home. A small btc/usd position was attempted over the weekend for a tiny loss. Nothing of any consequence has occured on our accounts so far.
Good Trading.
- Steven
- Mar 13
I was busy during the week and away from the charts. Today I sat down to see if any opportunities were approaching and found a position on gold/usd. It is only just moving from our entry at the time of writing. We've closed 30% and are looking at the trend line as a first TP area. On the remainder we're looking at around $3000 at the trend line, $5000 at the highs, possibly more if gold decides to continue trending. We decided to hold a majority of the trade open for this possibility. If possible I would watch price closely until its healthy and nicely in profit. Its getting too late for me to stay up to manage this trade any further. We're going to roll the dice on the outcome. The position is covered.
PS: The recording above crashed halfway. The settings were all mixed/broken for the second recording. Audio is off but still audible, video seems good.
Good Trading.