Managing winners, news & NFP trade set ups

I made a short video giving you an update on my current trades and how I’m looking to trade the news this week.

In the video, I show how I got into the GBPUSD around 1.28100 as planned. It is currently around 50 pips in profit. It hasn’t moved much this morning, so I have taken half the profit, made it risk-free, and left the trade to run.

I also caught the EURUSD, it is currently only around 10 odd pips in profit. Ashley got a very good entry a little lower, check it out in the forum. I have moved the stop slightly higher, risking very little in case it takes me out. If it consolidates today, I might close it.

I have also shown you other pairs that I’m interested in for the week ahead, such as the USDJPY around 152, where the 200-day MA is. It is more than the daily range away, so where is it probably going to stop?

Remember NFP on Friday which we never trade. As it is literally taking a stick to a gun fight. DON’T DO IT!

Same Idea for NZDUSD it is currently 175 pips away from the A grade short so I will leave that in for FOMC as the daily range is around 40 odd pips.

As you can see, I’m only interested in pairs that are at least twice the daily range away from the area of interest to short or long. I’m looking at where the price is probably going to stop for multiple reasons.

650x60 100 Free training course 4

You can watch the short clip below:

 

 

Kind regards,

Marc