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.
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
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.
Tariff Wars
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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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This is going well and will continue to short the AUD
| Open Date | Close date | Symbol | Action | Lots | SL | TP | Open | Close | Pips | Profit | Duration | Gain |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -17.7 |
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| 49.5 |
|
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| -16.0 |
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| 0.4 |
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| -16.0 |
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| -36.7 |
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| -18.5 |
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| -10.4 |
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| -28.9 |
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| -34.2 |
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