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tradingwizzard

Live Trading the Currency Markets

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Trade nr. 24 Going SHORT GBPUSD here in 1.6105 sl 1.6225 tp 1.5777

 

flat with a c wave probably as an impulsive move to come

 

closing it here in 1.6035 for +70 pips profit.......booking profits, booking profits......October....such a giver:cool:

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Trade nr. 25 Going SHORT AUDUSD here in 0.9496 sl 0.9625 tp 0.9217

 

Impulsive move just started to the downside on the 4h chart

 

Market has been spooked by RBA jawboning.

everyone calling for shorts again.

 

Im hearing option expiry of $1 Billion at .9500 later today

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Trade nr. 22 Going LONG USDCAD here in 1.0436 sl 1.03 tp 1.06

 

impulsive move underway, 1.06 major target to the upside, Canadian GDP expected to come on the softer side......

 

closing the trade here in 1.0483 for another +47 pips profit:cool:

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Hey wizz,

 

I've been wondering how you size your trades up, would you share that? I ask because your stops are typically quite large relative to what profit ends up being taken - nothing wrong with that because I think so far your losses have been smaller than your stops too and your win rate is really good. But because the initial stop is large the amount gained relative to the initial risk is small. I only ask to get a feel for what the methods expectation is - not the methods total pip count. I hope you don't find my query too intrusive and I understand if you wish not to answer as any trading method is a personal exercise only.

 

With kind regards,

MK

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Hey wizz,

 

I've been wondering how you size your trades up, would you share that? I ask because your stops are typically quite large relative to what profit ends up being taken - nothing wrong with that because I think so far your losses have been smaller than your stops too and your win rate is really good. But because the initial stop is large the amount gained relative to the initial risk is small. I only ask to get a feel for what the methods expectation is - not the methods total pip count. I hope you don't find my query too intrusive and I understand if you wish not to answer as any trading method is a personal exercise only.

 

With kind regards,

MK

 

Hi there,

 

No problem. I take care at any moment of time not to be invested more than 30-40% of the account.

 

TW

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Trade nr. 27 Going SHORT EURGBP here in 0.8561 sl 0.87 tp 0.8289

 

five waves down corrected with three waves up mean entry signal in my book....daily chart

 

closing the short from October here in 0.8478 for a nice +83 pips profit.....this is eurgbp so you know it is worthing more than a regular pip :cool:

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