Forex active position for 2017-11-27

Active position

Please take note that every position have an open TP

AUDJPY short SL at 85.10

CHFHUF short SL at 270.40

EURAUD long SL at 1.5450

EURCAD long SL at 1.4875

EURGBP long SL at 0.8825

EURNZD long SL at 1.7000

EURPLN short SL at 4.2220

EURUSD long SL at 1.1670

NZDCHF short SL at 0.6845

NZDJPY short SL at 77.85

USDHUF short SL at 266.75

USDPLN short SL at 3.6145

Opened position

AUDCHF short at 0.7457 SL at 0.7510

GBPHUF short at 347.69 SL at 354.40

USDCHF short at 0.9813 SL at 0.9975

Closed position

AUDCAD short at 33.22%

EURCHF long at -2.35%

EURJPY long at -27.55%

Let's have some discipline

Happy Sunday everyone

I hope you enjoyed a nice weekend. In the coming weeks I wish to work on my personal discipline. I made a lot of adjustment lately on the account concerning which pair I’m going to trade and what time frames I am going to use. I made some changes on the money management and on the strategy itself too as I want to simplify the way it was working. I also set up a calendar to take note of my daily statistics.

All those adjustment took a little bit of the account equity. For now I really feel that all my stuff is good and nothing need to be change anymore. So all I need to do is stick to my plan and leave it untouched for a good moment.

I wish everyone a nice week ahead!

You can see my etoro profile for market update

Miguel Bousquet

Email : miguelbousquet1986@gmail.com

Setting up a personal account calendar

Setting up a personal account calendar

Today I am setting up a calendar for the account to have a better idea on how the account behaves when high importance news is release. I am doing to maximize profitability on the account and I really like how take note of everything can boost your confidence in trading!

Before I was using the result straight from my broker and I was doing it on a weekly basis which could be fine but could be wrong at the same time as I cannot see really well where it went wrong and have could do better result because of those subtle mistake. I am pretty sure I will be able to do less mistake with that calendar.If you want to set up your calendar i find my Excel monthly calendar template here.

Trading against the retail Forex market

Trading against the other retail trader or against the crowd is something that I did most of the time and I will always be doing it. I think it is healthy doing it sure it is not a certitude but when my strategy is against the crowd is it where it work the best. I always feel more comfortable in those times.  Just a little tips that I use!

You can see my etoro profile for market update

Miguel Bousquet

Email : miguelbousquet1986@gmail.com

Best time to trade!

Best time to trade!

Today I want to share with you the improvement that I will to bring to the account during the coming week. I want to improve the profitability of the account by focusing on the better day to trade during the week. So how it is going to work on the weekly basis on Sunday night I will open position on the weekly analysis only and on Monday to Thursday night I will open position based on my weekly and daily analysis. On Thursday night before Asian market session I will close all positions to go through Friday and the weekend without exposure.

Why I bring this improvement?

I came to this decision as I find out that I often lose money on Friday and by bringing this improvement I will reduce the risk exposure during the weekend. Sure I will have to pay the spread on position that I would have kept open before this improvement. But on good side I will cash in profit so it will produce a compound interest effect on the account has I will have a bigger equity on Sunday night.

I wish everyone a nice profitable week.

You can see my etoro profile for market update

Miguel Bousquet

Email : miguelbousquet1986@gmail.com

Lessons learn today…

Lessons learn today…

Today I lost around 7.00% on total equity (unrealised/realised equity) on the US fed interest rate decision. I made a big mistake on this one to thing that my long term position could not be affected on this risky event! So I assume my mistake and note it in my guide line book so this kind of mistake won’t happen again. And remember even if you are pretty sure of the outcome of the big new or event, the direction is not known yet!

It’s important to note your success and mistake!

I think by noting your mistake and success you will avoid making your mistake again and helping you to repeat your success. With discipline following your guide line and your plan that you have noted down you will be successful!

Have a great rest of the weekend

Miguel Bousquet

You can see my etoro profile for market update