Published: June 14,  2019 11:45 am est


by Tom Kadale,
Contributor Market Analyst
NewsmovesMarketsForex

EURUSD Rates by TradingView
AUDUSDRates by TradingView
Our FX algo has been hitting them out of the park this week. Below are the results from yesterday’s signals. If you’re one of our subscribers, be sure to read this post for some pointers…
 
Yesterday our algo sent out a total of three signal alerts. I missed the first one but did trade the last two as shown below. The last alert had two pairs.
 
For all trades I used Rule #37, up to 3 lots at the MARKET and 7 lots at the LIMIT. Let’s start with the EURUSD. Here you can see that I averaged down 2 lots at the MARKET along with my 7 lot LIMIT order.
 
It ran its course ‘As Predicted’. I could have entered a third lot but just didn’t have the time to monitor it. I was fine with 2 lots. The lesson here is to distinguish between opportunity and greed.
 
I did so by tapping in on my own Trading Intuition. We cover this topic in depth in our online FX course. The Kiwi trade started out with a 1 lot MARKET order that closed before I could enter my LIMIT trade. Once the MARKET hits the Take Profit, the signal becomes invalid.
 
If a LIMIT had been placed, I would have deleted it. My Aussie trade did the usual …’As Predicted’ again using Rule #37. Have a great weekend everyone!

Trade FX differently. Find out how at RagingFX.com

 

 

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Forex Trades of the week EUR EURUSD AUDUSD NZDUSD June 14 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