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i closed this position for profit at 1255 at the open. wasn't comfortable with the position due to my previous post. Could go lower, doesn't matter to me. when my premise is no longer valid the trade is no longer valid.
Can you help answer these questions from other members on NexusFi?
didn't trade any japanese stocks, non hit my criteria. Instead joined a quick position, GBPUSD short, 12612, TP: 12599, SL: 12626. everything seemed a bit dry so just a quick hit and run here.
Thanks. I post the trades just as I take them, you can check the timeline of my posts. I also post my management and exits.
All trades so far this week have profited.
Tosoh Corporation was the only trade where I exited a bit too early (at 50% of target level) as my premise was incorrect. regardless still a profit.
Usually i wouldn't trade this much but just for the forum, i wanted to put a little more work in.
Tokyu corp is still active, we see how this one develops.
I would next like to show my analysis also works for longer term trades, which could take a few days/ weeks to develop and you capture far more points. This is for those people who want to take advantage of less trades, less commission, less margin per trade.
The trades I win or lose, will be exactly the same ratio, it's all scalable. I just have to wait longer to know if i'm right or wrong.
For the longer term trades, i also trade options. I only buy out of the money puts or calls. I highlight cheap options i find to be bargains (for me) and use my same analysis. These options I can multiply my profit largely and I do not need to hold to expiry as my TP on the underlying is usually reached before.
