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Pre London Mechanical System
Started Feb 23, 2017|Trading Journals|49 replies
Pre London Mechanical System Pairs traded: EURAUD, EURNZD, GBPAUD, GBPNZD ...
Trade #6 Dollar- UP EURGBP- UP AUDNZD- UP Buy EURNZD (pending buy @ 1.4944)
Price has pushed through my pending target. So I will remove the trade. Direction was correct- a textbook trade according to my original rules of entering directly after pullback.
Trade #6 Dollar- UP EURGBP- DOWN AUDNZD- DOWN Buy GBPAUD (pending buy @ 1.6020)
Trade #5 Dollar- UP EURGBP- DOWN AUDNZD- UP (however AUDNZD has exceeded Daily ATR so will perhaps retrace?) Buy GBPAUD
SL Hit -22 pips Trade direction was correct, just my SL was a little tight. I might look at entering trade at a better level and perhaps increasing R:R ratio
Hi Mr Breakout, thanks for your interest. No I haven't back tested this idea. I am just going to forward test it on demo until I feel comfortable to try it live.
Hi Aaven, Now EURAUD, EURNZD, GBPAUD and GBPNZD are not pairs you would normally scalp like I am attempting to do. It is just an idea I am trying out. My strategy is based on the USD and the idea that a strong USD will often mean a weak NZD or AUD ...
Trade #4 Dollar- DOWN EURGBP- UP AUDNZD- UP Sell GBPAUD
Trade #3 Dollar- UP EURGBP- UP (however EURGBP has exceeded Daily ATR perhaps it will retrace?) AUDNZD- UP Buy GBPNZD
Trade #2 Dollar- UP EURGBP- UP AUDNZD- DOWN Buy EURAUD
Trade #1 Dollar- UP EURGBP- UP AUDNZD- DOWN Buy EURAUD
Pre London Mechanical System Pairs traded: EURAUD, EURNZD, GBPAUD, GBPNZD ...
Trade #14 Buy GBPUSD @ 1.26825 TP 1.27304 SL 1.26586
Trade #13 Sell AUDNZD @ 1.04242 TP 1.03781 SL 1.04472
Trade #12 Buy EURAUD @ 1.44752 TP 1.45116 SL 1.44570
Trade #11 Buy GBPNZD @ 1.79128 TP 1.80214 SL 1.78585 SL Hit