5% a Month - How To

Just entered short on NzdUsd as I saw it mowing through buy stops

Current positions/pending orders

Cancelled all Pending orders, here’s this week’s. All 40 pip TP.

Closed last week’s largest position at small profit. 0.03 lot Sell was -$42, 0.06 lot Sell was +$45.

3 Likes

Closed out EurUsd short early due to correlation between EurGbp short & GbpUsd long:

Created trade management for EurGbp short. More distance, double lot size:

Created trade management for GbpUsd long. Closer distance, using same lot size:

Single trades = positive take profit.
Multiple trade positions = breakeven take profit (lot weighted)
*Lot weighted for 2 positions is 50% retracment for even lot positions, 33% retracement for double lot sizes.

Liquidity > Price

Not many orders this week… last week took out a lot of stops, a lot of trade entries. Closed a few out early to lower risk. +3% last week alone.

This week’s positions and orders:

Last week’s closed positions:

EurGbp recovery trade closed last week:

EurAud recovery trade still open:

This week’s position, EurGbp recovery trade, and pending trades:

2 Likes

No new orders this week. Managing open positions. All happen to be USD longs.

1 Like

2 of the 3 positions closed this week for small profits. UsdChf remains open.

GbpUsd:

UsdJpy:

Next week’s orders to be entered Monday. No new orders for USD longs / CHF shorts to help mitigate risk.

Current balance & open positions

Bit of a dry week for orders. Did place one UsdJpy order.
Current position and pending orders:

Currently at +$10 on UsdChf swaps.

1 Like

CHF crazyass strong of recent. Good luck. But yes, swap is good lol.

1 Like

Current positions, recovery orders, new orders:

+1.3% floating profit on swaps by holding UsdChf.

USDCHF bulls being a real son of a gun, eh? :slight_smile:
Not mocking you, I’m long USDCHF too.

Not too bad… yet. I’ve got another Buy order if it makes new lows.

Closed UsdChf positions for +$1.87, but +$18.49 in swap fees.

Some good trades with very little drawdown on EurUsd & GbpChf:

All positions closed. Account at $1,439, +$439.

Breakdown:
February 1st: $1,000
March: 1st: $1,201 (+20.1%)
April 1st: $1,070 (-10.9%)
May 1st: $1,196 (+11.8%)
June 1st: $1,216 (+1.7%)
July 1st: $1,097 (-9.8%)
current July 17th: $1,439 (+31.2%)
Average: 7.35%/Month

4 Likes

:grin: :+1: :sunglasses:

3 Likes

No open positions. This week’s orders:

Some shorter TP distances on trending pairs like UsdChf, GbpChf, EurJpy

Just closed all open positions in profit. The most profitable being EurGbp (0.03 lot short for -$3.26, 0.06 lot short for +$29.71):

This week’s pending orders:

No open positions. Many orders this week. This week’s open has caused a lot of people to enter, almost all have places their stops beyond the open’s highs/lows.

This week’s orders.
Looking to close the open Xxx/Usd shorts here in profit soon.

1 Like

It’s half a year now. Just the right time to share your myfxbook to show us how this has actually worked :slight_smile: