As we go through the lunch hour in North America with 3 hours of Equity trading left I want to REVIEW RISK OFF and CORRELATION and USD/JPY.
RISK OFF is SIMPLE to UNDERSTAND. Our First two Trade Plans worked to PERFECTION.
We SHORTED US 30 up to 3 positions each position being 100 units with this Trade Plan having MAXIMUM RISK of 6% for this Trade Plan.
We SHORTED SPX500 up to 3 positions each position being 50 units with this Trade Plan having MAXIMUM RISK of 6% for this Trade Plan.
Now we come to USD/JPY the first Currency Pair that we trade. The first two positions are called CFD trades.
Here is the 5 minute chart from Finviz showing the MOVEMENT (MONEY FLOW) and how it went along with what US 30 was doing.
http://finviz.com/forex_charts.ashx?t=USDJPY&tf=m5
Here is the 5 minute chart from Finviz showing how US 30 also moved down sharply and Money Flowed in part for safe haven reasons or parking reasons into USD/JPY
http://finviz.com/futures_charts.ashx?t=YM&p=m5
We call that trading with Money Flow and CORRELATION using a Trade Plan with Risk Management per Trade Plan of 6% MAXIMUM LOSS.
The results by trading these way can be seen by the results produced.
Benjaminis
RISK OFF is SIMPLE to UNDERSTAND. Our First two Trade Plans worked to PERFECTION.
We SHORTED US 30 up to 3 positions each position being 100 units with this Trade Plan having MAXIMUM RISK of 6% for this Trade Plan.
We SHORTED SPX500 up to 3 positions each position being 50 units with this Trade Plan having MAXIMUM RISK of 6% for this Trade Plan.
Now we come to USD/JPY the first Currency Pair that we trade. The first two positions are called CFD trades.
Here is the 5 minute chart from Finviz showing the MOVEMENT (MONEY FLOW) and how it went along with what US 30 was doing.
http://finviz.com/forex_charts.ashx?t=USDJPY&tf=m5
Here is the 5 minute chart from Finviz showing how US 30 also moved down sharply and Money Flowed in part for safe haven reasons or parking reasons into USD/JPY
http://finviz.com/futures_charts.ashx?t=YM&p=m5
We call that trading with Money Flow and CORRELATION using a Trade Plan with Risk Management per Trade Plan of 6% MAXIMUM LOSS.
The results by trading these way can be seen by the results produced.
Benjaminis
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