If you enjoy my writings and you like the profit potential of currency trading but you don’t have the personal trading experience or the inclination to trade currencies on your own, don’t think you are out of options. There is a great automated system for you! I can show you a fully automated artificial intelligence algorithm, which I really like, That generates consistent profits, day after day, week after week. For more imformation, please watch the overview videos, read more of my detailed posts, attend a Thursday evening webinar or send me an email and set up a time to talk personally.
Back to my personal trading:
Today I did both a silver trade and a gold trade. Silver is always very, very good to me. Check out below to see how gold treated me.
To reiterate, my daily trading reports are where I talk about my independent trading activities where I use my Harmonic Scanner to venture into the world of Forex trading. Will today be a day of spectacular victories or bloody defeats? Read on and discover the outcome for yourself.
Morning Thursday 4/14/2016
Results: US Dollar / Swiss Franc (USDCHF)
This trade (see below) did not work out too well. It started downwards and went about 75% of the way to profit target one and then began to pull back. I got out at the lower of the two entry points for a small profit on each position. So, certainly better than losses but not what I thought. From the chart pattern I thought a move to the second profit target was highly likely, but it didn’t work out that way.
I didn’t get a screenshot, but here is the one from yesterday.
Signal: British Pound / Canadian Dollar (GBPCAD)
I got in to this trade about 60% of the way to profit target one. It was moving up rapidly so I entered two positions. It continued to rocket up and I hit profit target one and profit target two within two to three minutes. I love these quick trades.
Signal: Silver / US Dollar (XAGUSD)
The stop loss and profit targets were so close on this that I entered two positions at close to the first profit target. This one moved quickly to hit the other two profit targets. Today is a great day for these quick hitting little trades. A great start to the day.
Silver is good to me once more. I am going to buy some silver dollars just because I want to and it will remind me how good silver has been to me.
Evening Thursday 4/14/2016
Signal: Gold / US Dollar (XAUUSD)
I got i to this trade close to profit target one with one position. Within minutes I was out at profit target two with a nice profit. First silver and now gold.
Gold and silver, silver and gold. Who remembers Yukon Cornelius singing about gold and silver?
What movie was this from?
Today’s Geography Lesson: The North Pole
Home of Yukon Cornelius
Lessons Learned 1: Adjust your profit targets. Sometimes the 5 minute charts give trades where the stop losses and the profit targets are very tight. In this case it is okay to enter around profit target one and set your profit targets at position two and three. I did this several times today.
Lessons Learned 2: Don’t skip exercise. It is tempting to sit in front of the computer all evening, but set your trades and take the time to do exercise and spend time with your family. Unwinding helps defeat stress and makes your trading better.
Overall a good day. Some great precious metals trades.
As I said previously, for additional information on a fully automated, set it and forget it, artificial intelligence currency trading algorithm called RYZE.Ai from Hodo Global , watch out the videos below.
As I always say, if you have comments or questions, please leave then below or contact me.