Forex End of Day Strategy. Summary - Week # 3 and # 4
Forex Strategy - Test Week # 3 and # 4. After another trading period, it is time for a second summary. At the beginning I am sorry that we publish with a slight delay, but because of my trip everything has stretched a bit. ABOUTd start the "End of the day" strategy test 4 weeks are just passing.
Selected lossy transactions
Let's start with the wallet depleting items. Undoubtedly, such a position was short na USD / JPY. I have been observing the level around 109.120 for some time. In my opinion, this is the limit level when it comes to the trend on a daily basis. The price reached the zone and there was a withdrawal. It was a clear signal for me, to the short position. I opened the order, but another candle was in high demand and the transaction completed a stop loss.
Overall, recently I have no luck with USD / JPY. As we can see now, the situation on the chart has changed a lot. We are well below 109.120. Another short transaction, this time, was opened after a very strong supply candle piercing this zone from above. The transaction was profitable, I secured it against a slight plus, but the correction was strong and the price reached take profit. We are now lower and if not for the transaction, the transaction would earn more.
Selected profitable transactions
When it comes to plus items, the best is undoubtedly GBP / CAD and short on EUR / JPY. The first position was opened around the 1.70950 level. The couple is in a dynamic upward trend, I was looking for a place where you can connect to this movement. The transaction is still open (approx. + 6,7 %). is now secured on a nice profit.
Regarding EUR / JPY, I was looking for an opportunity to open a short. The price reached the zone I was watching around 120.720 and the transaction was opened. Yesterday on Friday 06.12. there was a very nice downward swing. Currently, the position earns (approx. + 2,7 %) and of course it is still open, we will see what the next days will bring.
In summary, overall, the state of the bill has not changed much. We continue to oscillate around a small minus. Equity at the moment is about -4,15%. We have three positions open: long GBP / CAD, short EUR / JPY and long on EUR / AUD. We continue to tradition.
You can follow the results in real time on my profile on MyFxBook HERE.
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