OK that was an ugly day but still position wise I am sitting good. Taking manual trades off of the S/R lines and getting returns on them. Aud became good secondary trades after the jpy session yesterday and took them.
TAKE PROFITS
MPTM 19 at +10 = +190
aud/chf + 50 Secondary trade
eur/aud +50 Secondary trade
CLOSED FOR LOSS
eur/cad, -12
eur/gbp -82 +41
eur/nzd -275 +50 3 mptm
OPEN TRADES
aud/chf -13 I took this trade as a secondary trade TP and 1 MPTM
aud/jpy, -2 2L 2 MPTM
aud/nzd, -117 2L 0
eur/gbp -7
eur/nzd -347 2L -108 3L -19
gbp/chf, -164 -108 -2 did get 2MPTM on this one.
gbp/jpy -255 2L -107 3L -6
gbp/usd -150 -43
nzd/chf, -154 2nd L -68
nzd/jpy, -164 2nd L -84 3L +1
nzd/usd not entered yet
usd/chf -100 2ndL -9
usd/jpy, +20
BUYS
TOTALS
total for day + 12
for the week +12
for the month +3878
Carry over -2007
Primary trades
BUYS NO NEW TRADES PICKED UP THE AUD YESTERDAY DURING THE EUR SESSION.
SELLS
Secondary trades
BUYS
SELLS
Look for entrances after the gaps on next weeks opening.
OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy
aud/cad - aud/nzd this matc hes minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.
chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd
gbp/jpy - gbp/usd - usd/chf - usd/jpy
Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.
Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
TAKE PROFITS
MPTM 19 at +10 = +190
aud/chf + 50 Secondary trade
eur/aud +50 Secondary trade
CLOSED FOR LOSS
eur/cad, -12
eur/gbp -82 +41
eur/nzd -275 +50 3 mptm
OPEN TRADES
aud/chf -13 I took this trade as a secondary trade TP and 1 MPTM
aud/jpy, -2 2L 2 MPTM
aud/nzd, -117 2L 0
eur/gbp -7
eur/nzd -347 2L -108 3L -19
gbp/chf, -164 -108 -2 did get 2MPTM on this one.
gbp/jpy -255 2L -107 3L -6
gbp/usd -150 -43
nzd/chf, -154 2nd L -68
nzd/jpy, -164 2nd L -84 3L +1
nzd/usd not entered yet
usd/chf -100 2ndL -9
usd/jpy, +20
BUYS
TOTALS
total for day + 12
for the week +12
for the month +3878
Carry over -2007
Primary trades
BUYS NO NEW TRADES PICKED UP THE AUD YESTERDAY DURING THE EUR SESSION.
SELLS
Secondary trades
BUYS
SELLS
Look for entrances after the gaps on next weeks opening.
OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy
aud/cad - aud/nzd this matc hes minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.
chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd
gbp/jpy - gbp/usd - usd/chf - usd/jpy
Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.
Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.