I now see a short setup in the FX pair GBP vs USD again, would go short with the SL 40 pips above entry, TP 160 pips below entry for a potential 4R winner. The pair now trades at around 1.2540 .
Hi Jan, please report, how is it going with your approach, 1 month+ since your first post? The strategy seems clear & simple enough, the volatility of the markets is back and here to stay for a while, all good.
Akhaldanos, I'm essentially ... broke ! As of now, don't have any money, very unfortunate ! But this may change in the future, I hope I'll get some input here in addition to my post. As of now, this thread is a little bit of a one-man show. @ all : € / CAD very nice, has now appreciated a full 100+ pips since I posted the long setup yesterday when the pair traded @ 1.5406, now trades @ 1.5518 .
... and again, Natural Gas. Sticking to my strategy, I'd now go short, but the Stop loss would have to be placed @ around 1.86 . It now trades @ 1.79, the profittarget would be 1.58 .
I see a strong short setup in the FX pair USD vs JPY (USDJPY), now trades at around 107.09. How would I trade it ? Would place the SL 15 pips above the entry, TP 60 pips below entry.
Now I'd move the stop loss in the US$ / Yen short trade to breakeven, profittarget remains at 106.49 .
I'd now close the EUR / CAD long position at basically breakeven, the upward move did not have enough thrust. It's now actually a short candidate, I would go short now @ 1.5401 , place the SL 30 pips above entry and the profittarget 100 pips below entry.
... the Bitcoin (BTCUSD) short scenario I posted on 07/03/2020 remains valid (on page 6 in this thread), I believe it's headed to 3,600 or even lower ! Currently trades @ 9,190 .
... it is, unfortunately, back to bull land in the FX pair € vs CAD. The pair now trades @ 1.5421 - I'd close the shortposition at a loss, and would go long now, but this time with a 20 pips SL and 100 pips profittarget (profittarget @ around 1.5521, SL @ around 1.54).
Potential short setup in Brent Oil - I'd go short here with a tight SL 25 cents above the entry (43.31 is the current price), and place the profittarget 100 cents below my entry.