This is my trading preview for the week of April 15th. 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 -17,840
I was able to exit 2 trades last week:
SHORT GBP/CHF 3 LOTS -10,718
I closed this trade on Apr.12 after the MPP 1.1335 was hit. The trade was a losing trade due to the accrual of negative swap points, as well as not being able to add 3 lots despite of getting really close. No problem, the trade was executed well, better luck next time.
SHORT EUR/CHF 3 LOTS -7,122
I closed this trade on Apr.12 after the MPP 0.9702 was hit. The trade was a losing trade due to the accrual of negative swap points, as well as not being able to add 3 lots despite of getting really close. No problem, the trade was executed well, better luck next time.
OPEN TRADES AND EXIT POINTS
SHORT USD/CHF 1 LOT -9,110
I am still in this trade, as my exit of MPP or WS1, whichever is higher, has not been hit. 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 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.
LONG TRY/JPY 1 LOT +1,008
I opened this trade on Apr.12 at WS1 4.672, and now I am looking to exit at MPP 4.806. I also will be looking to add 2 lots at MS1 or WS2, depending on which is higher. Stick to the plan, exit or add at the predetermined levels.
LONG EUR/USD 1 LOT +2,960
I opened this trade on Apr.12 at MS2 1.0634, and now I am looking to exit at MS1 or WPP, whichever is lower. I also will be looking to add 2 lots at MS3 1.0501. Stick to the plan, exit or add at the predetermined levels.
SHORT USD/JPY 1 LOT -10,065
I opened this trade on Apr.12 at MR1 153.38, 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 155.42. 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!