FX Renew End of Day signals are trades based off our Weekly Trading Opportunities Report. Entry orders are set and trades are managed once a day in the hour after the US market closes, though there may be the odd time the trade needs management intra-day depending on the market. You will receive a more detailed update once a week containing strategy notes or a shorter update during the trading week if anything is required to be done with a live trade.
Trade Management Updates
In this section we let you know any updates to existing or closed positions.
NO UPDATES TODAY
If there are any new trades you need to place you will find them here.
Here is a brief user guide.
- Put an order to close 25% of your position on each profit target. If any of the targets say “trail” then don’t add a target as we are letting this portion run.
- Entry orders on Tuesday to Friday are “market orders”. Orders on Monday are “stop” orders
- You can view current trades in the Signals Matrix
NO NEW SIGNALS TODAY
Strategy notes outline what we are looking to trade and why. For further analysis of the technical and fundamental picture you can read the weekly report or watch the weekly video.
- There is no change to the existing strategy. We continue to look to short EUR vs. USD and GBP on a pull-back.
A Note on the General Approach
The objective of the signals is to capture long-terms moves in the market. We use big picture technical and fundamental analysis to determine opportunities that have a superior risk/reward opportunity. We then stalk entry points where we can have a relatively tight stop. Once we are in a trade we look to add to the position in the early part of the move. We will take profit when conditions suggest, while holding a core position to our target. The goal is for the winners to be much greater in terms of R-multiple than the losers.
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