Mid-term trend is down Opened a short position
Enter a long trade on SG30 this morning when the price breakout. The trade was in-ligned with the Lazy trend System. US markets was bullish yesterday, thus i was expecting the Asia markets to follow as well.
Trend is bullish on 15m timeframe Lazy Trend System spotted a momentum breakout.
The trade was entered in Dec 2017 based on the Lazy Trend Strategy. The initial stop loss was 3%. The trade was closed at about 5.3% profits. Reward to Risk was 1.7 times.
Lazy Momentum Strategy has been performing well in 2017. For EURUSD, it has generated 10 trades and all trades were profitable.
A long trade was entered in Dec 2017. A breakout with momentum was signalled by Lazy Trend System. Both the long and mid-term are bullish. The trend is still strong with more than 15% profits currently (3% risk based on initial stop loss level). My patience pays off!
Lazy Trend System spotted a Long trade last week. The price is in uptrend as indicated by the Lazy Strength Indicator below. There was a strong breakout from the resistance formed since Sep 2017. I have locked in the trade today, and will continue to let the profits run.
The trend is up. The price retraced to 0.618 fibo level and rebounded. Bullish momentum identified by Lazy Trend Immediate resistance @1.3268
EURUSD has been in a very strong uptrend since early this year. It broke the price channel last Friday with strong momentum. Lazy Trend Daily identified a LONG signal. Immediate resistance to take now : 1.2147
The trend is still DOWN. Lazy Trend Strategy identified a short signal. Immediate support is at 0.944, which is about 50 pips away from current price. I will monitor the trade and lock in profits around the support level.
USDCAD has been in the downtrend channel for the past few months. The price retraced and resisted at the 0.236 Fibo Level. Lazy Trend identified a bearish momentum signal. Immediate support is at 1.24
Trade 60-62 2 Profitable and 1 breakeven Profit 13% with 3% risk per trade
Trade 58-59 2 Profitable Profit 12% with 3% risk per trade
Trade 54-57 2 Profitable and 2 breakeven Profit 10% with 3% risk per trade
Trade 51-53 2 Profitable and 1 breakeven Profit 12% with 3% risk per trade
Trade 46-50 4 Profitable and 1 breakeven Profit 29% with 3% risk per trade
Trade 40-45 6 Long Trades 3 Profitable and 3 Loss Loss 6%
Trade 35-39 5 Long Trades 3 Proftitable and 2 Loss Profit 6%