FX Renew Trading Tribe Members,
Last week we had a losing week on closed positions, though we have a two open positions with profits locked in that look to be continuing in our favor.
We have one pending order positioned to build a medium term position short AUDUSD, and we will be looking to build a further short core position in the EURUSD after non-farm payrolls this week.
Blog post this week
Please let me know any topics you would like me to write about this week in the comments section.
Short EURJPY +29pips (0.45R)
Long USDJPY +0 pips (0R)
Long EURUSD -65 pips (-1R)
Long EURGBP +25 pips (+0.32R)
Short AUDUSD – 35 pips (-1R)
Short EURUSD -98 pips (-0.68R)
Long AUDNZD -80 pips (-1R)
*1R = 1 times our risk on the trade. For example if you risked 1% of your account and you made 2R you would have a 2% profit. To learn more you can click here.