Before jumping into another day of my trading adventures, I wanted to remind everyone these are only here for your enlightenment. Fee free to comment on my successes, laugh at my blubbers and hopefully be entertained,
Please remember there is an easier way. I now use the RYZE.Ai program from Hodo Global which is a completely automated system that uses artificial intelligence to trade. It is truly a set it and forget it system that generated income automatically in your account. You can check out my post on RYZE.Ai here or if you prefer jump directly to some videos here there are also webinars the link to which is here. So, if you have ever asked yourself, “Can I make money trading currencies?” then check out RYZE.Ai now.
I have mainly been posting the Daily Swing trades lately and have been posting fewer of my independent trades. I have actually had a couple people tell me they missed my independent trading posts, so I will start posting them again.
Today I will be talking about the results of a US Dollar / Swiss Franc (USDCHF) trade from this week.
I am actually writing this while in Santa Fe, New Mexico as those of you who read my last Daily Swing Trade Post already know. One of the things I really like about my trading business is that I can do it from anywhere. I can be in Santa Fe or Las Vegas, or on a cruise ship in the Gulf of Mexico and I can still trade and post my blogs on my website. I also get great benefit from the 24 hour per day trading. That way I don’t have to worry that all the trading happens while I am at work. I can trade on my own schedule.
Meow Wolf Exhibit in Santa Fe, New Mexico:
My husband Karl and I at the Meow Wolf exhibit. It is a great place. Check out there website (Photo courtesy of our son John)
I can also set my orders and go off and enjoy myself while the trades are progressing.
Santa Fe Equestrian Show:
Here I am enjoying myself at the equestrian show in Santa Fe and trading at the same time.
Signal: US Dollar / Swiss Franc (USDCHF)
This signal was generated on 7-31-2016 and the chart showed strong downward momentum. It was way to early to enter this trade.
This trade is closing in on a critical juncture. If the price firms up above the stop loss point I will put a buy limit in to enter the trade at the higher of the two entry points.
I am ready to put in my entry orders at just below .97803. I an putting in two buy limit orders.
This hit my entry during the night. I took two positions at .97081 and .97079. This was the perfect setup for a Harmonic Shark pattern. Absolutely perfect!
This trade seems to be moving my way. The first profit target is only a little bit away. Feeling good about this one.
Almost there. I hit the first profit target for a 45 pip profit and an getting close to the second one. This trade is shaping up nicely.
It just barely hit my second profit target where you see the black arrow. Talk about hitting it by the skin of your teeth as the old saying goes. A saying which I have never understood, but seems apt in this situation. The second trade gave me a 171 pip profit. Combined with the first trade it gave me 216 total pips profit. A very profitable trade!!
Today’s Geography Lesson: Lake Zurich, Switzerland
From Wikipedia; “
Lake Zürich is formed by the Linth river, which rises in the glaciers of the Glarus Alps and was diverted by the Escher canal (completed in 1811) into Lake Walen from where its waters are carried to the east end of Lake Zürich by means of the Linth canal (completed in 1816). The waters of the Lake of Zürich flow out of the lake at its north-west end, passing through the city of Zürich; however, the outflow is then called the Limmat. The culminating point of the lake’s drainage basin is the Tödi at 3,614 metres above sea level.”
Lake Zurich, Switzerland
Lessons Learned 1: Watch Setup Carefully. It is critical to your trading success to wait for the trades to set themselves up. In this case there was a perfect setup to a harmonic shark pattern and being patient on the entry paid off extremely well.
Patience paid off. I watched a trade setip for days and finally entered into what turned out to be a great trade.
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