Forex open positions $CHFJPY and $USDCAD
Long $CHFJPY from 96.16 (100 pips plus profit). I'll move stop to break-even and will trail the stop when yearly high at 97.98 is hit.
Update from open positions posted on 7 July
$USDJPY - closed for profit at 85.15
$AUDCAD - closed for loss, stop was hit at 1.0200
$NZDJPY - closed for profit, trailing stop hit at 66.90
$AUDNZD - closed for loss, stop hit at 1.2600
Bottom line, 2 closed for profit and 2 closed for loss and I am still in the game. Why, because I trade small lots to test my strategy, learn patience and enhance my skills so that when I trade bigger lots I have the confidence in each of my trade. I can also set wide stops to avoid any stop outs as a result of unnecessary noise and high volatility. My strategy works best when pairs are trending. Range bound trading is no good to my strategy. Lets see where we get to with 2 open trades as of 25 July i.e. $CHFJPY and $USDCAD.
