Thanks for all the positive feedback. My Straddle trade yesterday worked perfect so I am going to do it again today. Exact same setup. See pic below. I really didnt see any new trades I liked so gbp/usd and eur/usd is it for me today. Happy trading. I did think of staying in the aud/cad trade though. If you think it will run more put in your +10 and see what happens.
TAKE PROFITS
Aud/Cad, +40
eur/cad, +85
STRADDLE TRADE
Eur/usd +51 I put a TS of 25 on this after it entered. Nice straddle trade.
CLOSED FOR LOSS
OPEN TRADES
gbp/usd 1L -122 2L +6 I added manually at R line
BUYS
SELLS
TOTALS
total for day +176
for the week +442
for the month +442
Carry over -116
primary trades
BUYS
SELLS
Secondary trades
BUYS
SELLS
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 matches 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.
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TAKE PROFITS
Aud/Cad, +40
eur/cad, +85
STRADDLE TRADE
Eur/usd +51 I put a TS of 25 on this after it entered. Nice straddle trade.
CLOSED FOR LOSS
OPEN TRADES
gbp/usd 1L -122 2L +6 I added manually at R line
BUYS
SELLS
TOTALS
total for day +176
for the week +442
for the month +442
Carry over -116
primary trades
BUYS
SELLS
Secondary trades
BUYS
SELLS
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 matches 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.
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