Xin’s Independent Currency Trading for 4/15/2016 – A Slow Friday

Introduction:

Freedom

Freedom

People who are regular readers of my Xin’s Trading Adventures articles and are interested in the learning more about the profit potential of trading currencies but don’t have the knowledge or the desire to trade currencies by yourself, don’t think you are out of luck. There is a great program called RYZE.Ai by Hodo Global. I can show you this fully automatic artificial intelligence algorithm, which I really like and generates steady profits, week after week. For more details, please watch the overview videos, read more of my detailed articles, attend a Thursday evening webinar or send me an email and set up a time to talk personally.

Now back to my personal trading:

Today was a slow Friday for trading. There were a few morning trades but no carryover trades from Thursday and no trades that will be open over the weekend.

As my regular readers already know, my daily trading reports are where I document my independent trading activities where I use my Harmonic Scanner to foray into the Forex trading world. Some days I have great success, other days losses. Hopefully the successes outweigh the losses leaving me with profits. What did today bring? See below to find out.

Morning Thursday 4/15/2016

Signal: US Dollar / Canadian Dollar (USDCAD)

This looks like a nice reversal is being set up. I took two positions on this trade.

USDCADiM5-shark-4-15-2016-446am

US Dollar / Canadian Dollar (USDCAD) Harmonic Shark Pattern on 5 Minute Chart on 4/15/2016 at 4:46 AM

 Signal: Australian Dollar / New Zealand Dollar (AUDNZD)

This one may have tricked me. I am tempted to get out of the trade, but at this point will just trust my stops and see what happens. When I entered the trade one of the red candlestick bars was green. It subsequently reversed direction on me. I am worried about this one.

AUDNZDiM15-alternateBat-4-15-2016-502am

Australian Dollar / New Zealand Dollar (AUDNZD) Harmonic Bat Pattern om 15 Minute Chart on 4/15/2016 at 5:02 AM

Signal: EURO / US Dollar (EURUSD)

EURUSDiM15-deepcrab-4-15-2016-539am

Euro / US Dollar (EURUSD) Harmonic Crab Pattern on 15 Minute Chart on 4/15/2016 at 5:39 AM

Evening Friday 4/15/2016

Results: US Dollar / Canadian Dollar (USDCAD)

 This was a very nice trade. It hit both profit targets during the morning after I left. A very nice way to start the day. I forgot to get screenshots in the afternoon, so I am showing modified versions of the morning charts.

USDCADiM5-shark-4-15-2016-446am-B

US Dollar / Canadian Dollar (USDCAD) Harmonic Shark Pattern on 5 Minute Chart on 4/15/2016 at 4:00 PM

 

US Dollar / Canadian Dollar (USDCAD) Harmonic Shark Pattern

My worries about this trade were well founded. It stopped me out on both positions. The stop loss was pretty tight on this trade so the losses weren’t very large. Once again I didn’t get an afternoon screenshot. I forgot all about it.

AUDNZDiM15-alternateBat-4-15-2016-502am-B

Australian Dollar / New Zealand Dollar (AUDNZD) Harmonic Bat Pattern on 15 Minute Chart on 4/15/2016 at 4:00 PM

Euro / US Dollar EURUSD) Harmonic Crab Pattern

This trade hit all three profit targets. I had only two positions, but it was still a nice trade.

EURUSDiM15-deepcrab-4-15-2016-539am-B

Euro / US Dollar (EURUSD) Harmonic Crab Pattern on 15 Minute Chart on 4/15/2016 at 4:00 PM

Today’s Geography Lesson: Christchurch, New Zealand

I don’t think I have shown New Zealand on any of my geography lessons before, so today is a good day to do so since one of my trades involved the New Zealand dollar. New Zealand is one place we want to visit. From everything I have seen, it is spectacularly beautiful. The Hobbit and the Lord of the Rings movies were filmed there. We want to see the Hobbit town set when we go and the other sites where filming took place. A family of geeks, that is us.

Christchurch, New Zealand

Lessons Learned

Lessons Learned 1: Wait for confirmation. I don’t think I did anything wrong today. It is always a balance on trades with smaller profit targets to get a proper confirmation without missing the move. Today was just one of those that the trade went the wrong way.

Lessons Learned 2:  Don’t overtrade. There were a couple of trades in the morning that were marginal and I wisely avoided them. It is easy to fall into the trap of taking marginal trades to be active, which is a mistake I have made numerous times. Hopefully, I am getting better at restraining myself.

Conclusion:

Trading closed early Friday afternoon in our time zone. Kind of a slow day as a result. Holding no positions over the weekend.

To learn more about the automated RYZE.Ai program and Hodo Global watch the videos below.

RYZE.Ai Currency Trader

The RYZE.Ai Currency Trader Fully Automatic Trading System Using Artificial Intelligence from Hodo Global

Click here for the RYZE.Ai Algorithm and Hodo Global videos.

Just like usual, if you have questions, comments or suggestions, please leave then below or contact me.

Leave-Comments

Sincerely,

Xin

Hodo Global

Hodo Global

2 thoughts on “Xin’s Independent Currency Trading for 4/15/2016 – A Slow Friday

  1. C. Collins

    I’m one of your regular readers and very much interested in trading currencies and making good profit. I’ve read some articles about the RYZE.Ai software but don’t really grasp how to start with it. I’ve just sent you an email as you said, hoping to get feedback. Thanks.

    Reply
    1. Xin Zhang Post author

      Hello,
      I am glad to hear that you are one of my regular readers. I try hard to keep things fresh in my articles even when the trades are similar. I hope you find the extra information and stories entertaining. Please leave some comments on that topic.

      Back to RYZE.Ai for the moment. RYZE.Ai trading is available as a subscription service as past of Hodo Global. To take advantage of RYZE.Ai there are only a couple things you need to do. The first is to become a a Hodo Global member and join using one of the options that includes RYZE.Ai. This can be done on my Hodo Global wrbsite, ehich is http://zhangxin.hodo.biz . Choose the join option on the upper left part of the screen. The second is open a brokerage account with Capital a city Markets and fund it. That’s it, you can be trading using strategies not typically available to the average investor.
      You can also drop me an email with your contact information and we can talk through the steps over the phone.
      I look forward to speaking with you.
      Sincerely,
      Xin

      Reply

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