stuartjohnston1981
Education

Finding multiple entries from NZD/GBP

SAXO:NZDGBP   New Zealand Dollar/British Pound
To practice find multiple entries, I selected Dec 2019 to find multiple possible trades using my current strategies. By looking at the charts only 4 out of 6 trades would have been successful. This would not have been good enough; a change to my strategy is needed to get my success rate increased. Trades 2-5 could have been cumulative thereby making 4% from a single trade.

Trade 1
Target 1 (1%) = 0.50342
Entry 1 = 0.49845
stop order 1 = 0.49701

This trade was unsuccessful.

Trade 2
Target 2 =0.50159
Entry 2 = 0.49655
Stop order 2 = 0.49406

This trade was successful

Trade 3
Target 3 = 0.50712
Entry 3 = 0.50211
Stop order3 = 0.49995

This trade was successful

Trade 4
Target 4 = 0.51203
Entry 4 =0.50695
Stop order 4 = 0.50511

This trade was successful

Trade 5
Target 5 = 0.51396
Entry 5 = 0.50891
Stop order 5 =0.50735

This trade was successful

Trade 6
Target = 0.51772
Entry = 0.51183
Stop order =0.51096

This trade was unsuccessful.

Comments

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