Published: June 3,  2019 11:10 pm est


by Tom Kadale,
Contributor Market Analyst
NewsmovesMarketsForex

USDCHFF Rates by TradingView
GBPCHFRates by TradingView

This cracks me up! I was posting my “profit with FX trading while sleeping” message this morning when a SELL for USDCHF signal alert buzzed my iPhone screen. In less than 30 seconds, I placed the trade and kept writing. Here’s what happened…

Like clockwork I chose Rule #37, up to 3 lots at the MARKET and 7 lots at the LIMIT.

I didn’t react immediately, since it was an H1 signal. By the time I did, the price had moved in my favor and had already passed my ENTRY point. I started out with my 1 lot MARKET order but then realized that the price had moved again in my favor.

I then placed a MARKET order for the remaining 7 lots at a better price than indicated in the signal. Before placing my 7 lot order, I checked the charts and could see the price action topping out at the EMA 20 line.

With a downtrend in place off the D1 charts, upping the ante on this trade with a reduced loss was consistent with my daily risk managed tolerance. Trading systematically saves time and emotions. I literally can ‘trade and forget’ because our algo does the rest!

Trade FX differently. Find out how at RagingFX.com

 

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Forex Trades USDCHF GBPCHF june 3 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

 

 

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