I am short the universal basket
except long the UCH EurGbp and UCad.
On oanda, i am using 1% of my account as position size for each pair, as opposed to .1 lots each.
based on basket bars breaking to the low side and ana trendine being crossed to the low side extended from a m30 view of last week.
See the attachments for clarification.
The bottom left chart is based on the M1 EURJPY
The indicator below it is by FxSniper. as I understand it, he developed it to make scalping moves on the 1 min charts. I am using it in conjunction with the EurJpy to help confirm the moves
Mark
Thanks comdoc for your help i ALWAYS appreciate
EDIT as of now it has bounced between+100 and - 150
EDIT as of 11:46 approx $300 in profit i will be loss limiting at 150
EDIT 12:06 closed the trade profit went as high as $680 I pulled out at $487 I believe a reentry is at hand though.
had my profit level stayed above $500 I would have been looking to double my position on the next FXSniper cross down.
But $487 is WAY COOL for me.
FINAL EDIT: I had to take O'lady shopping. i proibably would have re-entered had I been able to be around to watch.
Turns out that position would have given BIG TIME. 2500-4000 is my guess. But I am happy with my results and education
from today's experience.
except long the UCH EurGbp and UCad.
On oanda, i am using 1% of my account as position size for each pair, as opposed to .1 lots each.
based on basket bars breaking to the low side and ana trendine being crossed to the low side extended from a m30 view of last week.
See the attachments for clarification.
The bottom left chart is based on the M1 EURJPY
The indicator below it is by FxSniper. as I understand it, he developed it to make scalping moves on the 1 min charts. I am using it in conjunction with the EurJpy to help confirm the moves
Mark
Thanks comdoc for your help i ALWAYS appreciate
EDIT as of now it has bounced between+100 and - 150
EDIT as of 11:46 approx $300 in profit i will be loss limiting at 150
EDIT 12:06 closed the trade profit went as high as $680 I pulled out at $487 I believe a reentry is at hand though.
had my profit level stayed above $500 I would have been looking to double my position on the next FXSniper cross down.
But $487 is WAY COOL for me.
FINAL EDIT: I had to take O'lady shopping. i proibably would have re-entered had I been able to be around to watch.
Turns out that position would have given BIG TIME. 2500-4000 is my guess. But I am happy with my results and education
from today's experience.