Click on the link to view this weeks swing signals:
This week we are looking to buy USD vs. AUD, NZD, CAD, and buy GBP vs. EUR and JPY. We also have a couple of trades that should do well if the stock market recovers: Short EURAUD and Long CADJPY.
As a team our favorite trades would be short EURGBP and short EURAUD on rallies.
888 also likes selling EURCAD on rallies with the bounce in oil. We have not put it out as a signal as it technically does not fit our model, but you might like to trade the idea if it fits yours.
Remaining Balances From the Previous Week
At this point we will close all remaining open balances from last week for the purposes of reporting and establish new positions based on this weeks recommendations at the same price (a form of “mark to market”).
In practice you can simply keep the trades open and “top-up” to a full position size with the stops and targets adjusted according to this weeks report. For example on a buy dip/market approach, you would add to the position until you are at 50% of you maximum position size, with the other 50% to be added on a the limit entry.