Mosaic 55 Short Term FX

Hello Everyone,

My name is Jeff Arthur and I am a new member here. I have been trading FX for over 10 years now and have never heard of this website but stumbled across it not too long ago and decided to join the community. I thought the trade journal section was most interesting so I decided to start one today. The strategy I am working on is very simple and maybe quite boring to some to be honest. The fancy name I gave it is Mosaic 55 Short Term FX and I started it over on collective2.com on Oct 18th and some trade examples are available on my website bluecollarhedgefund.com.

Really the only two inputs involved in my trading approach are economic releases (positions taken after the 1 hour bar has closed following the release not before and not during the bars formation) and the 20 sma as an exit tool. A stop loss is used as a safety measure placed over the high or low of the entry bar but typically exits are signaled by the 20 sma. This strategy can go quiet for up to a week at a time as not all releases create enough of an impulse to warrant a trade so like I said it maybe be a bit boring for some folks but I enjoy it.

I have started a Live Account TE with a small deposit that I will trade but my primary focus will be building my subscriber base over on collective2. The RBNZ rate decision and policy statement is up at 3PM EST so I will be watching. If nothing worth trading occurs the next chance for volatility wont be until BOE 4:30AM EST Manufacturing Production release this Friday but even that may not move markets. So I hope you enjoy and I am glad to have stumbled upon this site, feel free to check my website for trade examples. Link above or in my profile.

Happy Trading!

For some reason I was moved over to the Commercial Content thread. Well I guess I should be flattered I suppose. Welp journal style will continue nonetheless.

As stated above I was waiting on the RBNZ rate decision and policy statement at 3PM EST. As expected rates remained unchanged by the RBNZ but some hawkish statements moving the expected 2019 rate hike date up a quarter earlier then stated before and some upbeat comments on GDP gave me the impulse reaction that I look for before taking a trade in this strategy. My entry long the NZD/JPY on the TE was at 79.12, my entry on my strategy page on collective2.com was at 79.22. Stop loss at the low of the bar at 78.71.

Good Morning Everyone!

So looks like the NZD/JPY trade ran out of juice. But the solid simplicity of this system allows for a quick withdrawal if the economic release (in this case monetary policy statement) doesn't provide any real follow through after the initial impulse. A close below the simple 20 sma signals an exit..no exceptions. Thus is our wonderful trading game.

Please pop over to my website at bluecollarhedgefund.com or click here to check out the overall trade history of this strategy thus far on collective2.com.

GBP Manufacturing Production released at 4:30am did not move the pound enough to initiate a trade for me and no economic news of consequence on the docket until Tuesday so will remain flat until then. Enjoy your weekend everyone!