Today is Sunday, June 09th and we are summing up the trading week results.
Profit, $: Japanese Yen, 3,656.
All deals are currently closed and there are no open positions.
Let’s consider last week’s deal in details.
Japanese Yen (closed position)
Setup to sell was on week 18th. We see that the upward movement continues. СOT index has not yet entered the overbought zone. Therefore, the target price of $ 96 looks quite real. Seasonal trend contributes to price growth.
After setup creation, we were already in Japanese Yen’s deal. We waited for the correction. 5 contracts have been bought after the correction. Then we exited the deal on the three-bar stop loss. Now we see that it was the right decision. The profit after the last deal is $ 3,656, the total profit of the trade is $ 7,131. You can see all the deals in our statistics (click here).
At the moment we see the potential of the Japanese Yen, but one more entry into the deal will not be attractive in terms of risk/review ratio. Next week has a lot of current and new setups and the watch list is quite long. Thus, we will choose more attractive deals in terms of risk/review ratio next week.
To sum up the trading week:
Japanese Yen Profit $ 3,656
Total Profit $ 3,656
Today we will plan for the upcoming week and consider new setups.
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Trade smart, Insider Week team
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Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. The account results presented may vary significantly in gains and losses. One of the limitations of hypothetical results is that they are generated by known historical data. In addition, hypothetical trading does not involve financial risk - no hypothetical track record can represent the financial risks of actual trading. For example, there is a possibility that trading will be suspended or cancelled if losses are incurred, this can greatly change the actual results. Furthermore, there are numerous other factors that cannot be fully accounted for in hypothetical performance when implementing a trading program, and thus can affect actual results.
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