Ivan's Trade Thread, part II

Stopped out of AUDUSD for a loss

 

How do you determine when to scale up/down? What level of risk do you take on per trade (% of AUM)?

 

When it hits my profit - an established point of exit prior to the trade opening. Then I close it. I don't usually scale out.

As for the risk, that's up to each individual's tolerance.

 

Went short at 1.8717, s/r line is approx 1.8731,stop initially at 1.8505, it's tested 1.8600 around 15:00 hours. I'll trail the stop for awhile.

 

USDJPY

Long @ 93.747, .663, .653, .658, .033

Stop = 93.50
Target = 95

 

Bailed early at 1.8699, plus 18 pips. Not entirely comfortable as it had gone against me for awhile, see below.

 

GBPUSD

Long @ 1.5108
Profit @ 1.5200
Stop @ 1.5050

Changed to 1.5075

Looking to take profits and then short in anticipation of tomorrow's potential rate cut

 

Went short EUR/AUD at 1.8900, stopped at .8957
I have an unwritten rule about taking trades at mid-pivot.
Just reminded myself as to why.

 

Next short area for this pair, in my humble opinion, is the 1.93 range.

 

GBPUSD
stopped out