This is my trading preview for the week of April 8th. I will review my trades last week, my open trades, how I plan to exit them, and any active new orders.
TRADES EXITED LAST WEEK +12,771
I was able to exit 1 trade last week:
SHORT EUR/JPY 1 LOT Closed on Apr.1 for +12,771
I was able to close this trade at the updated MPP of 162.96 for a nice profit of 12,771 yen. Nothing more to say - I followed my rules and the trade worked out.
OPEN TRADES AND EXIT POINTS
SHORT GBP/CHF 3 LOTS -41,192 currently
I am still in this trade, as my exit point of MPP 1.1335 was not hit last week. I also have an order to add 3 lots at MR1 of 1.1510.The exit point of MPP will only be changed if the add is activated, then I start managing with WS1. This is a painful trade, but let us see how it goes. Let it play following the trading rules.
SHORT USD/CHF 1 LOT -9,110
I am still in this trade, as my exit of MPP or WS1, whichever is higher. I also have an order to add 2 lots at MR1 0.9150. Stick to the plan, exit or add at the predetermined levels.
SHORT EUR/CHF 3 LOTS -40,811
I am still in this trade, as my exit point of MPP 0.9702 was not hit last week. I also have an order to add 3 lots at MR1 of 0.9853.The exit point of MPP will only be changed if the add is activated, then I start managing with WS1. This is a painful trade, but let us see how it goes. Let it play following the trading rules. It could either be profitable or not, but the important thing is to follow the system.
SHORT AUD/JPY 1 LOT +4,065
I opened this trade on Apr.4 at MR1 100.20, and now I am looking to exit at MPP or WS1, whichever is higher. I also have an order to add 2 lots at MR2 101.82. Stick to the plan, exit or add at the predetermined levels.
SHORT AUD/CHF 1 LOT +4,082
I opened this trade on Apr.4 at MR1 0.5964, and now I am looking to exit at MPP or WS1, whichever is higher. I also have an order to add 2 lots at MR2 0.6046. Stick to the plan, exit or add at the predetermined levels.
So I will update my exit points when the WS1 data is updated on Monday morning. And I will put in new trades according to the relative strength of the 8 currencies. Let's go!
