Cycles and Time in Trading- The JRM Trading Model - FX

I'm nibbling again long after selling into the highs GBPJPY




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Here's update Results for Q4 FX swing trade and core position signals and trades....107 winners 12 losers 90% win rate..most of the alpha came on short euro across pretty much all the pairs. GBPJPY was more difficult this quarter as it rallied off the lows and we had some good EM trades like the peso.



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Tonight's video update!

http://www.jenkinsrm.com/jrm-q4-fx-update/

Leaning short daytrade on GBPJPY

Taking 1/2 of small long position I have on still off up here taking profits overbought top of the cycle, but this trend is still in a strong bullish uptrend.

Covered a piece on the low and resold still waiting for Lower Lows to get more aggressive.

Taking a swing short on EURAUD high within 4 hour cycle back into resistance and a nice topping tail.





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Cover and take some profits into the lows here on GBPJPY

Another great trade for the team in the Live Session .....cover and take more profits down here. well over +50 pips.

We have a goal of 1% a day minimum on your daytrade account on FX and it is very achievable - today is another great example . Come join the team its worth investing in yourself to learn to trade like this for a lifetime.




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Re-establishing a core short here still on EURNZD, be patient here as this trend was pretty oversold it can still go higher but Im a seller on rallies I want to bring this position up to 3x-4x what it is now. Hourly cycle is high.

GBPJPY
Covering a piece from the live session yesterday and from the video last night I talked about the bands are breaking we can go lower. Taking profits into lower lows.

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Yen Update

TIME to take some profits here also and cover low within the cycle over sold. Stay core short if playing long term.

I'm booking gains here also we had nice buys on the last dip. Take some profits back into the highs and the resistance up here.

Cover and take some profits on Euro vs the Dollar here we got the follow through I was speaking of yesterday after a classic topping tail sell setup in the model. Now we are back into the old lows so you have to cover some here and book gains on at least 1/3 to 1/2 the position and stay short some for new lows.

I covered 1/2 of my short (was tiny short) but it's oversold here

Trades of the day!



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Dollar Peso back on the highs I'm booking more gains from my add yesterday, staying long though this has a chance at new highs.






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