Dynamic Trader Forex Blog FXCPS.co.uk: What's in the basket ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Good Morning Guys,

No new trades entered yesterday or this morning and I am managing the positions I am still in, all 20 of them. Trend trading may not be as vibrant and exciting as Day trading, however you still do not take kindly to being stopped out after doing your analysis. Both trades stopped out on Friday are still not doing anything and you can not afford to get too personal and do something rash, like re-entering the trade. A recipe for further losses. I have met a lot of people in property that suffer from similar traits, where by they get too personally involved in THEIR property and as a result lose money. LET IT GO.

With 14 out of 20 trades Short, you can see how the market is looking overall. I am off to Scotland this afternoon till Friday evening and depending on internet facilities may not get to update till the week end. So lets review the trades we have running at present.

EURAUD1 - Short, 740 pips
EURAUD2 - Short, 148 pips
GBPCHF - Short, 705 pips
EURCAD1 - Short, 604 pips
EURCAD2 - Short, 63 pips
USDCAD - Short, 343 pips
EURUSD1 - Short, 301 pips
EURUSD2 - Short, -107 pips Long Term Strategy
AUDNZD - Long, 209 pips
NZDUSD - Long, 6 pips Long Term Strategy

AUDUSD - Long,
GBPAUD - Short, Both trades hovering around break even (Zero)

CADCHF - Long, -37 pips
GBPCAD - Short, -60 pips
AUDCAD - Long, -98 pips

2,628 pips in the basket and all trades are being managed. As you can see NOT all your trades will be winners at the same time and the positions move with the trends of the crosses. Those who follow the blog should also be in handsome profit.

These gains have been made using the strategies and indicators taught in the trading room.

Please do your own analysis before entering a trade.

To learn the methods and strategies, join the Dynamic Traders trading room, click here for details Trading Room.

Dynamic Trader members can join our trading room by clicking here.

Trade with Passion

John Maher
Forex Analyst