Last trade of the year! Happy 2015 everybody :D

Euro Fx/New Zealand DollarFXCM

Description

⋅ Dec 31, 2014 10:13 PM

I entered 6 positions right before the NY session closed.
This is officially my last trade of the year, and hopefully it'll be a great start once I am in profit.

I've come to like this approach, trade currency baskets considering relative strength and use the Tim Westian methodology to determine SL and TP levels.
It's a good idea to watch the NY session on the next day, and trail stops to avoid turning a winner into a loser.

Good luck, and may you have a fulfilling and profitable year.

Cheers!
Ivan.

newyear $currencybasket

Comments

IvanLabrie

⋅ Jan 8, 2015 12:21 PM

You can see there is some merit to this methodology/concept... :)

jangseohee

⋅ Jan 1, 2015 2:41 AM

btw, please include the currency name in the line itself so that i do not have to expand the left hand top corner which is camouflaged! :-)

IvanLabrie

⋅ Jan 3, 2015 3:47 PM

Good idea...Anyway, eurjpy and chfjpy really paid off this time, the others were stopped by trailing stop.

jangseohee

⋅ Jan 3, 2015 3:50 PM

as long as it works for you :-)

IvanLabrie

⋅ Jan 3, 2015 3:55 PM

It normally does, currency strength is my first filter for trades, then positive swap if possible. :)

jangseohee

⋅ Jan 3, 2015 3:56 PM

yes sir

jangseohee

⋅ Jan 1, 2015 2:40 AM

Feliz Año Nuevo, look at the great contrast, short the peak and buy the trough!!!