Long GBPJPY - FX Trading Zone For This 44th Week

Long GBPJPY - FX Trading Zone For This 44th Week

I am using for this 44th week following 3 technical indicators

• SMA Cross 120 & 480 ohlc (to get an overview of the price action development of the last week and/or last 4 weeks)
  
• Pivots HL/Trend 120 (to get an overview of the high/lows on last trading weeks)
  
• RSI Divergence (to get an overview of the price action dynamic of the last week and/or last 4 weeks)

and will update all 21 major cross rates weekly
AUDCAD , AUDCHF , AUDJPY , AUDUSD ,
CADCHF , CADJPY ,
CHFJPY ,
EURAUD , EURCAD , EURCHF , EURGBP , EURJPY , EURUSD ,
GBPAUD , GBPCAD , GBPCHF , GBPJPY , GBPUSD
USDCAD , USDCHF , USDJPY ,
every weekend from weekend to weekend.

• In the 43rd week of 2022 we were in 14 of 21 in the money from weekend to weekend
  
• In the 42nd week of 2022 we were in 06 of 21 in the money from weekend to weekend
  
• In the 41st week of 2022 we were in 16 of 21 in the money from weekend to weekend

That´s why we should use the same size of transactions per trade of our portfolio in this week. And once again, take only dynamic 1.5% per trade for this 44th week. So that in our portfolio in the form of 21 open 4XSetUps, 31,5% of your portfolio is running in the foreign exchange market while the 44th week 2022. By the way, I define up to 1% per trade as conservative - up to 2% per trade as dynamic - and/or up to 3% per trade as speculative yet. However, last both weeks we used for our 21 long/short 4XSetUps a Risk/Reward Ratio of 1 - namely by first defining a Stop Entry Lost Price, and then building on that using the same number for our target price. The advantage of this admittedly quite defensive approach is that we are primarily concentrating on the interest-bearing capital preservation. Which we will hopefully get hold of the coming one again, if we should have made the right decision, in line with the market. The disadvantage of first defining a stop entry price level and then building on that to define a 1 risk/reward ratio price target is that nobody in the market orients themselves to these price levels. Because these are exclusively personal, individually, subjectively defined. However, we will use the same risk reward strategy and/or tactic like last weeks before.

May the price action is with us :
Aaron





Use this technical analysis and/or technical indicators as a learning aid
- not as a recommendation for action (buy/sell or not to trade).