QuantumLogicTrading
Long

LONG EURAUD - STRAT TRADE: 99.13% PROBABILITY OF REVERSAL

FX:EURAUD   Euro Fx/Australian Dollar
Long EURAUD:

1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURAUD             has a cumulative probability of a =>6th day lower at 0.87%, hence there is a implied 99.13% chance of reversal on the daily.

Trading Strategy:

1. Buy EURAUD             at market in 1xlot, and add 2x on each daily close lower from here. Start in VERY small lots to reduce risk and ensure you can add on adverse moves lower. TP is the next daily close higher.

Any questions please ask - also see performance attached of recent trades using the same stats
Comment: Closed out - winner
entering now... is this a good entry(1.46650)?
Reply
Yes, looks good to me.. remember to be VERY small on the first lot, we add 2x on a close higher to keep risk lower and more profits on the pull back. I advise as small as possible.
Reply
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