Strategy
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FX Strategy

3 Jul 2020
By
The FX strategy is a short term trading strategy that scans for trades on a daily basis across a series of major currency pairs as well as some commodities.

Latest Update – 3 July 2020

Are order to go short the USDSEK was filled in overnight trading. Three stop loss changes are required for today.

InstrumentStatusTrade entry dateLong shortCurrent priceEntryDurationEntry price limitStop loss limitTargetValue at riskUnitsProfit loss
AUDUSD
Open
1 Jul 20
Long
0.6922
Stop
GoodTillCancel
0.69380.68370.7245$534.6443,400$-100.64
USDJPY
Open
30 Jun 20
Long
107.490
Stop
GoodTillCancel
107.898106.820112.370$268.1829,600$-163.31
USDSEK
Open
2 Jul 20
Short
9.3180
Stop
GoodTillCancel
9.25609.47508.7460$466.0919,000$-184.06
USDTRY
Open
11 Jun 20
Long
6.8480
Stop
GoodTillCancel
6.83746.81407.1650$152.8521,200$47.65
XAGUSD
Open
24 Jun 20
Long
17.949
Stop
GoodTillCancel
18.05117.65020.570$204.10471$-69.63
XAUUSD
Open
22 Jun 20
Long
1,775.650
Stop
GoodTillCancel
1,749.0601,756.9901,896.550$243.399$346.83

FX STRATEGY

The strategy identifies periods of low volatility within the context of a trend. A stop entry is then place, which will result in an open position should the price break out of the consolidation pattern in the direction of the prior trend. Each trade is issued with a stop loss and target level. The recommended volume will often differ between recommendations, and is determined by the volatility of the instrument traded. However each trade has a recommended volume as to have the same initial risk of US$500.

ABOUT THE STRATEGY

The Rivkin FX and Liquid Markets strategy will be provided with ad hoc trade recommendations that could come on any trading day. Typically, we enter a trade using a stop entry, meaning that the price must move in our desired direction before the trade is opened. Each trade comes with a stop loss and target level. The stop loss level is typically updated on a daily basis, and trailed behind the price as it moves in our favour. This has the effect of either reducing risk or locking in profits. There is also a time stop, whereby trade duration is limited to a maximum of 20 days.

INVESTMENT CHARACTERISTICS

The FX trading strategy is based on daily chart analysis, and the individual trades have a typical trade duration of between 4 and 8 days. While this may seem short as compared to our stock market recommendations, it is considerable longer than many other intra-day FX services. The FX strategy is a series of individual trades, meaning trades are managed on their own merits, and not as a portfolio. There will be times when there are quite a few trades open at once, while at other times, activity will be less.

HOW TO FOLLOW THIS STRATEGY

Daily monitoring is required in order to follow the FX Strategy. Each morning, at around 10am, we will publish the new trade recommendations as well as update any stop loss and target levels for current open positions.

Rivkin does not ever provide financial advice. Please consider your own circumstances before purchasing any of our products or acting on our general advice, for any Rivkin product or recommendation.

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