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

Video: Forex Trading Opportunities for the Week Ahead 30 March 2015

Forex Trading Opportunities for the Week Ahead 30 March 2015

Execute an Effective Risk Management Plan by Preparing for These 5 Critical Risks

Please let me know any topics you would like me to write about this week in the comments section.

Strategy Notes

Strategy Note: Current Approach

Strategy Note: 30 March

Pending Orders

Sell Limit AUDUSD

Current positions

Short AUDUSD

Short AUDJPY

Closed positions

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.