This is my trading preview for the week of April 22nd. 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 +60,595
I was able to exit 4 trades last week:
SHORT AUD/CHF 1 LOT +13,541
I opened this trade on Apr.4 at MR1 0.5964, and I was able to exit at WS1 0.5879 for a nice profit.
SHORT USD/CHF 3 LOTS +16,234
I added 2 lots on Apr.15 at MR1 0.915, and thanks to that my average price was improved, so when my exit point of WS1 0.9049 was hit on Apr.19, I has a nice profit.
SHORT AUD/JPY 1 LOT +14,547
I opened this trade on Apr.4 at MR1 100.20, and I was able to exit on Apr.19 at MPP 98.55 for a nice profit.
LONG NZD/CHF 3 LOTS +16,273
This was a super fast trade, opened and closed on the same day, Apr.19 due to the incredible volatility caused by Israeli strikes on Iran. First I opened 1 lot at MS1 0.5347, then 2 lots were added bravely at MS2 0.5299. Luckily for me the price retraced to MS1 0.5347, where I exited all 3 lots for a fat profit.
OPEN TRADES AND EXIT POINTS
Last week was a volatile one, so I was able to open a few more trades.
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.
LONG NZD/USD 1 LOT -919
I opened this trade on Apr.16 at MS1 0.5886, and now I am looking to exit at MPP or WR1, whichever is lower. I also will be looking to add 2 lots at MS2 0.5792. Stick to the plan, exit or add at the predetermined levels.
SHORT CHF/JPY 1 LOT +10,065
I opened this trade on Apr.19 at MR1 170.21, 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 172.58. Stick to the plan, exit or add at the predetermined levels.
LONG AUD/USD 1 LOT +8,320
I opened this trade on Apr.19 at MS2 0.6363, 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 0.6249. 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!