Mr Cat learns to trade

Buy trigger. In at 8906 Stop 8880

26 risk on deal

Bought stop up to buy price locking in $10. The price is going through the roof. I'll have a look at doubling if it breaks 8950.

Moved stop up to 8926 locking in 20. Then sold at 8941. + $35

Dinner time.

I think the South Pacific Peso is going to bounce off 8950 for a while and then go to 9100.

Anyhow the gimmick i'm trying is to Buy on three green candle (nice solid ones) and sell on three red candles. The Candles need to step up, or down. Long wicks to the top or bottom, or top shapes, exclude the formation as a signal. The first movement of the next period confirms if it is in the right direction.

I clear my long positions on RSI > 80 and my short on RSI < 20.

I want to get 2-1 to 3-1 on deals that are designed to minimize risk. Risk profile on a deal is flexible between 1%-3%.

Edit delete

Sell Signal -1 @ 8900 Stop 8915 risk 15 target 8871

Position Closed at 8904 (Loss 4) after moving ahead and stalling.

Sell signal -1 @ 8886 stop 8896 Risk 10

Stopped out Loss 10

Summary 08/11

AUDUSD

4 deals - 2 Win 2 Lose (+36/1000)


1- +15
2- +35
3- -4
4- -10

Draw 0 Points