FX:AUDCHF   Australian Dollar/Swiss Franc
136 5 17
Today's currency basket setup.

Filtered pairs using positive swap, if possible, and Carl Ekstroem's currency strength measurements.

Good luck and remember to set a profit target, for the whole basket, and trail stops accordingly.

I will trail as soon as each hits 40 pip profit. Cover 70% and then set a BE+5 pip profit stop.
If you trail stops after 40 pips like I do, these setups work very well. Once 40 pip target is reached, cover/close 70%, then trail the stop to break even + 10 pips.
I normally close baskets before NY opens though, so keep that in mind. The idea is playing a low volatility entry and riding the London session direction.
NY normally makes it start ranging or moving against you.
Look forward to following these trades/patterns you have found. Nice work Ivan.
Thanks, the concept has been sound thus far, almost two weeks of setups on a daily basis.
Hi Ivan, appreciate if you share the results you have gained so far, or any back-testing outcomes?
IvanLabrie PRO HamedAghajani
I normally make at least 40-50 pips per pair, have a bot that trails my stop while I sleep.
I modified my strategy a bit regarding stops and lot sizing though, stops were too tight initially.
Capital growth has been 21% since I started with this methodology. Drawdown around is very low, since I close before NY opens most of the time.
+2 Reply