Overall Trading Strategy
My trading will focus on commodity currencies (AUDUSD,AUDNZD,NZDUSD,CADJPY,CADCHF)
They require little margin to trade and have a high pip value.
They are considered risk-on investments, and have a daily minimum average of 70 pips.
For my trading objectives; commodity currencies are a good choice, considering their pip value and
daily pip range.
Trading method: My method is based on technicals; I employ volatility breakout method and
trend following trading method on an hourly chart, with RSI and CCI. I am looking
at short-term trading opportunities (day trading). I'll be capturing significant amounts of pips
by holding positions for days or even weeks.
Risk appetite: I am prepared to risk 20% of my margin to earn USD 240,000.00 over a period of 23 days.
Standard buy/sell order size: 500 000 units for each cross.
Expectations: I am expecting to see short-term trend reversals and trend continuations, in the commodity
currency group over the next coming days or weeks.
Trading plan: Because commodity currencies are cheaper to trade, I hope to trade all 5 crosses
concurrently and control my level of risk. I plan to hold positions for longer durations in the
direction of the trend, or enter at market bottoms and tops using CCI and RSI indicators as guidance.
Total Margin Requirement: $12,500.00
My trading will focus on commodity currencies (AUDUSD,AUDNZD,NZDUSD,CADJPY,CADCHF)
They require little margin to trade and have a high pip value.
They are considered risk-on investments, and have a daily minimum average of 70 pips.
For my trading objectives; commodity currencies are a good choice, considering their pip value and
daily pip range.
Trading method: My method is based on technicals; I employ volatility breakout method and
trend following trading method on an hourly chart, with RSI and CCI. I am looking
at short-term trading opportunities (day trading). I'll be capturing significant amounts of pips
by holding positions for days or even weeks.
Risk appetite: I am prepared to risk 20% of my margin to earn USD 240,000.00 over a period of 23 days.
Standard buy/sell order size: 500 000 units for each cross.
Expectations: I am expecting to see short-term trend reversals and trend continuations, in the commodity
currency group over the next coming days or weeks.
Trading plan: Because commodity currencies are cheaper to trade, I hope to trade all 5 crosses
concurrently and control my level of risk. I plan to hold positions for longer durations in the
direction of the trend, or enter at market bottoms and tops using CCI and RSI indicators as guidance.
Total Margin Requirement: $12,500.00