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Last try in forex trading
Started Jul 7, 2018|Trading Journals|28 repliesThis is my last try in forex trading. I will invest € 100 a month and than if will trade in ...
Yesterday EUR/JPY went out of sync with EUR/USD. That shows to me , nothing is certain in Forex. Longer I am trading, more certain am that any meaningful move in price of any forex pair is caused by fundamental reasons. the charts show us the ...
Good range trading. Made profit on EUR/USD and EUR/JPY.
EUR/JPY is mirror image of EUR/USD. Perfect to hedge. At this time I have four short trades in EUR/USD and no EUR/JPY trade. If EUR keeps going south I will start closing shorts with profit.
Another goal is to profit at least 1% a month. Today I Bought USD/CHF for an interest difference.
Today will trade on strong possibility of EUR/usd strength. Since I have four EUR/USD shorts,Iwill hedge them with EUR/JPY long. Opened one EUR/JPY already.
As you can see , I am trading very small lots ,so it makes small difference from trading demo.
If I short EUR/JPY than long EUR/JPY is closed. On OANDA you can not have long and short at the same time.
On Oanda account,which I am trading on,there is no possibility of trading both ways,so instead I hedge my short position on EUR/USD with long on EUR/JPY. Is that make sense?
This is my last try in forex trading. I will invest € 100 a month and than if will trade in ...
Strong resistance at 1.1666. from there going down to 1.1590 ,to fill gap made in the morning, after EU agreement.