AUDCHF - FX trading zone for this 42nd week

AUDCAD - FX trading zone for this 42nd week

I am using for this 42nd week following 3 technical indicators

• Pivots HL 20 & 20 & 20 (to get an overview of the high/lows on last trading days)
  
• SMA Cross 120 & 480 ohlc (to get an overview of the price action development of the last week and/or last 4 weeks)
  
• Zig Zag 1 & 1 (to get an overview of the price action trends over 1%)

and will update all 21 major cross rates weekly
AUDCAD , AUDCHF , AUDJPY , AUDUSD ,
CADCHF , CADJPY ,
CHFJPY ,
EURAUD , EURCAD , EURCHF , EURGBP , EURJPY , EURUSD ,
GBPAUD , GBPCAD , GBPCHF , GBPJPY , GBPUSD
USDCAD , USDCHF , USDJPY ,
every weekend from weekend to weekend.

• In the 41st week of 2022 we were in 16 of 21 in the money from weekend to weekend

That´s why still use only dynamic 2% per trade for this 42nd week. So that in your portfolio in the form of 21 open 4X SetUps, 42% of your portfolio is running in the foreign exchange market wehile the 42nd week 2022. By the way, I define up to 1% per trade as conservative - up to 2% per trade as dynamic - and/or up to 3% per trade as speculative yet. However, last week we used for our 21 long/short 4XSetUps a Risk/Reward Ratio of 1 - namely by first defining a Stop Entry Lost Price, and then building on that using the same number for our target price. The advantage of this admittedly quite defensive approach is that we are primarily concentrating on the interest-bearing capital preservation. Which we will hopefully get hold of the coming one again, if we should have made the right decision, in line with the market. The disadvantage of first defining a stop entry price level and then building on that to define a 1 risk/reward ratio price target is that nobody in the market orients themselves to these price levels. Because these are exclusively personal, individually, subjectively defined.

May the price action is with you :
Aaron





Use this technical analysis and/or technical indicators as a learning aid
- not as a recommendation for action (buy/sell or not to trade).