My real time forex trades

Welcome back.

I'll be watching your countertrend, scale-in trades with interest. What kind of leverage do you normally use for this strategy?

 

Closed short at 147.24 for +75 pips

 

I think we will have another opportunity to short this around 148.00

 

Well done on the EURJPY call.

Good hunting!

 

Closed at 1.5726 for +50 pips

 

Usually I use 1:50, I don't think you need more than that

 

Sure. What about leverage on each trade entry?

 

It depends, but usually no more than 5% of my account (per single trade). Sometimes I have 5 trades open at same time so it would run up to 25% maximum.

 

Shorted eur/jpy at 148.48, no stop loss for this trade, will add more above 149.00, ideally around 150 if seen.

 

Closed position at 147.49 for +99pips just now.
The reason being a bounce off the trendline at 147.20 so we might see higher levels yet to reshort.
Somehow I manage to pick almost exact short term top so my second entry doesn't get a chance, would've been fun if it was hit yesterday above 149.00.