Ricks Signals Forex Signals |
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Ricks Signals Forex Signals |
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Fundamentals.
I look at the larger Macro picture prior to taking trading opportunities. When I think I have established a trading opportunity and a trend I will then execute my technical strategy as we trade from the entry point to the target.
December - February [GOLD]
During this time in the run up to the new American administration being long gold was my strategy. Coupled with tensions in the Middle East, and Russia and uncertainty around the Trump administration.
February - March (End date TBC) [GBP AUD]
Persistent inflation in the UK and higher interest rates
Lower Inflation in Aus - falling interest rates.
Falling Iron Ore price [Aus]
Weakning Chinese Economy
ASX200 - Weakening
FTSE - Trend looks in tact
Natural Gas - [UK Energy sector] Prices set to rise.
Keir Starmer has announced an increase and commitment to defence spending/peace keeping force in Ukraine - boosting demand for the GBP.
Based on these factors I am looking to be short the AUD against the GBP.
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Technicals.
I will usually start by risking 2-2.5% on my entry trade and then scale in and add to the position as the market confirms my bias. When the market starts to range I will place limit orders on any breaks outside of the range or use buy/sell stops. Then I will add into my position as much as I can as we head toward target.
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Trading Summary 24.2.25-27.2.24
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Had a choppy start to the week as we tried to find a good level in GBP AUD. Finally the pair begins to move and we were able to turn a good profit from Tuesday with swing trades right through to Thursday afternoon. Price is sitting at the 2.020 level and expect it to settle while we find a new trading opportunity. We will continue to buy the GBP against the AUD next week
--- this summary will be deleted and updated next week ---
| Open Date | Close date | Symbol | Action | Lots | SL | TP | Open | Close | Pips | Profit | Duration | Gain |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.9 |
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| -35.4 |
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| -45.4 |
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| -10.6 |
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| -63.5 |
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| -73.2 |
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| 7.0 |
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| -48.6 |
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| -66.5 |
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| -1051.0 |
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