Published: June 13,  2019 4:10 pm est


by Tom Kadale,
Contributor Market Analyst
NewsmovesMarketsForex

USDCHFF Rates by TradingView
AUDUSDRates by TradingView
Yesterday I was driving back from the beach when our algo sent me a signal alert for two pairs. I decided to pull over at the next rest stop to place my trades.
 
Here’s what happened… Since our signal alerts can come at any time, it’s important to remember that the shelf life of our signals provide ample time to evaluate and trade.
 
You don’t have to slam on your brakes, hang up abruptly from a phone call, or bolt out of a conference room. In fact waiting a few extra minutes can be beneficial. In my case it took me about 15 minutes before I could pull over.
 
Once I did, I mentally calculated my Trading Intuition Score as described in our online FX course. My score came to 37, which meant I should place up to 3 lots at the MARKET and 7 lots at the LIMIT. In about 60 seconds,
 
I checked the charts and entered my orders. To mix things up a bit, I decided to leave the AUDUSD order open for the 1 lot MARKET order and not place a LIMIT order. For the USDCHF I played it by the book.
 
The next morning I checked my trades while sipping on some java. The USDCHF trade closed out exactly as predicted by our algo, while the AUDUSD trade far exceeded the suggested TAKE PROFIT level. So, I closed it out.
 

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Forex Trades of the week CHF USDCHF AUDUSD June 13 2019
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Mr. Kadala is an internationally recognized writer, speaker, and facilitator on topics related to FOREX trading. He is also the founder of RagingFX(r), a self-learning algorithm that generates FX signals for its online subscribers – RagingFX.com.
 

From the RagingFX Trading Desk… Tom Kadale, Forex Algorithm engineer RagingFx.com and Guest Contributor Market Analyst for NewsmovesmarketsForex