After long break we present new Price Action Daily Setups. Unfortunately because if a lot of duties there will be a lot of those breaks. I have to take care of Comparic and FxCuffs conference which will take place in Poland in March 2017.
It was really great period for my system. Positions on EURCAD and GBPJPY gave 20% of profit and SL on AUDNZD and NZDUSD were only 4% loss of account. I’m really close to this year’s target of reaching 100% of profit.
AUDNZD
First of Stop Losses. After really clear daily Pin Bar I opened pending order to make potential SL smaller. It is good decision to make better Risk Ratio, because I always risk 2% of my account. Anyway position closed with a loss. It was quite strange after signal this clear but that’s the point with financial markets, you can never be sure.
If you are interested in Price Action Strategy description, you can read it here.
EURAUD
Really nice Take Profit over here. It took 7 sessions to reach it. After opening the position it started to gain immediately. Now there can be some sell signal and possibility to open short position. Of course we need clear signal from daily chart near the resistance.
EURJPY
Opened position over here. Unfortunately it is getting close to break even. This position is active since August 2nd, so you can see I am patient and consistent with my trading. The only problem here is negative swap.
NZDJPY
This position is also still opened. Break out of Inside Bar signal which almost ended with SL now is making profit. We just have to wait.
NZDUSD
Another Stop Loss. Similar situation like on NZDJPY. Huge bearish candle looked like great sell signal, however on Friday it ended with a loss.
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