This is my trading preview for the week of April 29th. 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 +60,755
I was able to exit 7 trades last week:
LONG GBP/USD 1 LOT +12,212
I opened this trade on Apr.22 at MS2 1.2379, and was able to exit at WR1 1.2458. Well executed trade.
LONG GBP/CAD 1 LOT +11,469
I opened this trade on Apr.22 at MS2 1.6892, and was able to exit at MS1 1.69941. Well executed trade.
LONG TRY/JPY 1 LOT +1,917
I opened this trade on Apr.12 at WS1 4.672, and was able to exit at MR1 4.806. Thus I exited my only carry trade. Wish I had more of these on, but that is the reality. I stay patient waiting for opportunities.
LONG EUR/USD 1 LOT +9,226
I opened this trade on Apr.12 at MS2 1.0634, and was able to exit at WR1 1.0697. Well executed trade.
LONG NZD/USD 1 LOT +8,917
I opened this trade on Apr.16 at MS1 0.5886, and was able to exit at WR1 0.5944. Well executed trade.
SHORT CHF/JPY 1 LOT +8,230
I opened this trade on Apr.19 at MR1 170.21, and was able to exit at WPP 169.36.
LONG AUD/USD 1 LOT +8,784
I opened this trade on Apr.19 at MS2 0.6363, and was able to exit at WPP 0.642. Nice trade.
OPEN TRADES AND EXIT POINTS
Last week was a volatile one, especially for the yen, so I was able to open a few more trades. I am very, very long the yen, and I am ready to add even more. I know this baby will move in my direction eventually.
SHORT USD/JPY 3 LOTS -113,545
I opened 1 lot on Apr.12 at MR1 153.38. Then I added 2 lots on Apr.25 at MR2 155.42. Now I am looking to exit at MR1 or WS1, whichever is higher. I also have an order to add 3 lots at MR3 158.86. Stick to the plan, exit or add at the predetermined levels.
SHORT CAD/JPY 3 LOTS -51,580
I opened 1 lot on Apr.23 at MR1 113.14. Then I added 2 lots on Apr.26 at MR2 114.53. Now I am looking to exit at MR1 or WS1, whichever is higher. I also have an order to add 3 lots at MR3 116.76. Stick to the plan, exit or add at the predetermined levels.
SHORT AUD/JPY 1 LOT -15,500
I opened 1 lot on Apr.26 at MR2 101.82. Now I am looking to exit at MR1 or WS1, whichever is higher. I also have an order to add 2 lots at MR3 103.47. Stick to the plan, exit or add at the predetermined levels.
SHORT AUD/NZD 1 LOT -1,164
I opened 1 lot on Apr.26 at MR1 1.0986. Now I am looking to exit at MPP. I also have an order to add 2 lots at MR2 1.1077. Stick to the plan, exit or add at the predetermined levels.
SHORT USD/CHF 1 LOT +800
I opened 1 lot on Apr.24 at MR1 0.915. Now I am looking to exit at MPP or WS1, whichever is higher. I also have an order to add 2 lots at MR2 0.9282. 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.
My long yen positions are bleeding hard right now, but I stick to the plan and add and exit at the pivot points. Nothing to worry or panic about.
Let's go!