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Weekly Performance

December 1st5th

Early last week between the 1st-3rd on market open hours we saw very little movement in the currency market up until a few days before the Non-farm payroll was released early Friday. In this new series I would like to go through each trade I make and how I made it out in profits, or the other way around (made a loss).

Monday morning I was waiting to watch the Oil markets movements to get a better assessment on the ATL since early 2000’s. I noticed a trend reversal was soon to happen so I decided to sneak a short in the market before the rest of the market buyers to start following the trend. I was able to short happily from 68.32 down to 67.22 which was a health 33.54% on 400x leverage.

Wednesday morning I saw some beautiful movement in the JPY markets and wanted in on a quick 8 PIP profit with an entry at 119.70 to 119.78 which gave me 15.83% profits in about 3-5 minutes on 400x leverage. I was playing with a larger vested amounted so I decided to keep the profits on a sharp lock down and add trailing stops on it. 

Thursday morning/afternoon I had a lot of fun with noticing markets positioning themselves before NFP was released on Friday morning. I noticed an amazing opportunity with USDJPY which was a clear indicator from Wednesday USDJPY trade that I made and closed right aways, which was due to the market changing trends. With a quick reassessment I was able to position myself with a short at 120.15 down to 119.62 which was on 400x leverage and brought me in 178.10% profits. To be completely honest, my buy position with EURUSD was not anything but a speculation off a TA I saw by a good friend. Got a long in at 1.2308 and closed it off at 1.2375 but I only had 200x leverage for this one since it wasn’t based off my own prediction/research.

Last but not least… my -38.18% Oil trade I made. Remember in the first paragraph where I stated I noticed a market trend reversal, well apparently I was wrong, which costed me a good chunk of my weekly gain. In the end it wasn’t a huge hit on my end equity and I was able to make a fantastic recovery  earlier that day. Which was me fighting the market buyers vs market makers.

At the end of the week when all said is done. I was able to keep my head up and gain 14.7% of my equity with only 5 trades, and 4 profitable trades.

 

DAY
Action
Open
Close
Gain

12/2/2014

SELL OIL

68.32

67.22

33.54%

12/3/2014

BUY USDJPY

119.7

119.78

15.83%

12/4/2014

BUY EURUSD

1.2308

1.2375

62.04%

12/4/2014

BUY Oil  

67.11

66.69

-38.18%

12/4/2014

SELL USDJPY

120.15

119.62  

178.10%

Screenshot_17

All information in this post is publicly available on eToro.com which you can view Zach Chester‘s portfolio HERE 

 

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