Xin’s Independent Trading for 6-1-2016: A Good Swiss Franc Trade

Introduction:

Swiss Coins

Swiss Coins

Note: There is an easier way to profit than trading on your own. Click here to see more.

I am including some of my old personal trading experiences as a demonstration of the difficulties involved if you were to try to trade currencies on your own. Most everyone who tries to trade by themselves loses money. For those who are interested in my trading adventures, read on.

Everyone else thank your lucky stars for the opportunity to profit in the currency markets with Hodo Global and the RYZE.Ai artificial intelligence program.

Wednesday 6/1/2016

Signal: Euro / Canadian Dollar (EURCAD)

EURCADiH1-shark-6-1-2016-505am

Euro / Canadian Dollar Harmonic Shark Pattern on Hourly Chart on 6-1-2016 at 5:05 AM

This was a really nice trade. I was not in this trade because it happened after I went to sleep last evening. Everyone has different ours when they can trade, so this would have been a good one for some of you.

Signal: Euro / British Pound (EURGBP)

EURGBPiH1-bat-6-1-2016-505am

Euro / British Pound (EUR/GBP) Harmonic Bat Pattern on Hourly Chart on 6-1-2016 at 5:05 AM

This chart hasn’t yet given any confirmation of the reversal or a reason to enter the trade. I will watch it and see how it develops.

Signal: Euro / Canadian Dollar (EURCAD)

EURCADiM5-shark-6-1-2016-506am

Euro / Canadian Dollar (EURCAD) Harmonic Shark Pattern on 5 Minute Chart on 6-1-2016 at 5:06 AM

This trade form last evening worked out well. It hit both of my profit targets during the night. This is the kind of result I love waking up to in the morning.

Signal: British Pound / Canadian Dollar (GBPCAD)

GBPCADiM5-shark-6-1-2016-507am

British Pound / Canadian Dollar (GBPCAD) Harmonic Shark Pattern on 5 Minute Chart on 6-1-2016 at 5:07 AM

Another great trade that I missed overnight. Another great one for you night owls. The 24 hour trading provides opportunities for everyone regardless of your schedule.

Signal: Australian Dollar / Canadian Dollar (AUDCAD)

AUDCADiM5-shark-6-1-2016-508am

Australian Dollar / Canadian Dollar (AUDCAD) Harmonic Shark Pattern on 5 Minute Chart on 6-1-2016 at 5:08 AM

Not entering this trade until it gives some indication of a reversal. Right now, no such indication is evident.

Signal: Euro / British Pound (EURGBP)

EURGBPiM15-bat-6-1-2016-508am

Euro / British Pound (EURGBP) Harmonic Bat Pattern on 15 Minute Chart on 6-1-2016 at 5:08 AM

It seems like every signal this morning isn’t giving confirmations. Not entering this one now either.

 

Evening Wednesday 6/1/2016

Result: Euro / British Pound (EURGBP)

EURGBPiM15-shark-6-1-2016-822pm

Euro / British Pound (EURGBP) Harmonic Shark Pattern on 15 Minute Chart on 6-1-2016 at 8:22 PM

I jumped in this one earlier for two positions. Since Profit Traget #1 was so close I pot my targets in at profit traget two and profit target three. This trade quickly hit both of my profit targets. Very nice!!

Result: Silver / US Dollar (XAGUSD)

XAGUSDiH1-deepcrab-6-1-2016-824pm

Silver / US Dollar (XAGUSD) Harmonic Deep Crab Pattern on Hourly Chart on 6-1-2016 at 8:24 PM

I put this in as an example of how to cross reference your trades. The hourly chart is in a buy but the daily chart below is in a sell. For this reason I did not take the hourly trade yesterday. The only exception I have done is really short term trades. For example, I might take a 5 minute chart trade even if a daily chart was in the opposite direction.

XAGUSDiDaily-shark-6-1-2016-826pm

Silver / US Dollar (XAGUSD) Harmonic Shark Pattern on Daily Chart on 6-1-2016 at 8:26 PM

Result: US Dollar / Swiss Franc ASUDCHF)

This was a quick trade. I have had good success with Swiss Franc trades so I took two positions. I entered not far away from the first profit target, so I placed my two exits at profit targets two and three. This worked out well and I was out with two profits in just over 30 minutes. A nice trade!

USDCHFiM5-gartley-6-1-2016-923pm

US Dollar / Swiss Franc (USDCHF) Harmonic Gartly Pattern on 5 Minute Chart on 6-1-2016 at 9:23 PM

Result: US Dollar / Canadian Dollar (USDCAD)

The trade from this morning that I did not enter did give a confirmation, unfortunately after I had already left in the morning. Those of you who were around could have had a nice trade as it hit profit targets one and two.

USDCADiH1-gartley-6-1-2016-924pm

US Dollar / Canadian Dollar (USDCAD) Harmonic Gartley Pattern on Hourly Chart on 6-1-2016 at 9:24 PM

 

Result: British Pound / Canadian Dollar (GBPCAD)

This was basically the same situation as above. The confirmation of the entry became evident shortly after I left this morning. If you were around a little after me you would have had another nice trade in progress. It hit the first profit target and is close to the second.

GBPCADiH4-deepcrab-6-1-2016-924pm

British Pound / Canadian Dollar (GBPCAD) Harmonic Deep Crab Pattern on 4 Hour Chart on 6-1-2016 at 9:24 PM

Today’s Geography Lesson: Swiss Mint, Bern, Switzerland

Swiss Mint - Bern, Switzerland

Swiss Mint – Bern, Switzerland

From Wikipedia; “

Swissmint is the official mint of the Swiss Confederation. Located in the Swiss capital city Bern, it is responsible for manufacturing Swiss franc coins, both of the currency and bullion variety. Apart from making coins for the government, Swissmint also manufactures medals and commemorative coins for private customers.”

Swiss Mint

Lessons Learned

Lessons Learned 1:  Wait for it. It is critical to your success to wait for confirmation of the signal before entering a trade. Frequently during powerful moves a signal will appear and the price will move through the support level and hit the stop loss. Patience is critical.

Conclusion:

Kind of a slow day, but still a profitable one. Sometimes, slow is okay.

Once again, if you would like more information on the how to make money with Hodo Global and the RYZA.Ai fully automated currency trader, please watch the videos below:

RYZE.Ai System

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If you have questions questions, comments or feedback, please leave them in the comments area below or  contact me.

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Sincerely,

Xin

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