THIS PAGE IS UPDATED AT WEEKENDS & AT THE END OF EACH MONTH:
FUNDAMENTAL TRADES (FUN):
OVERVIEW: These are long-term trades based on technical set ups using generational lows, generational highs, and range extremes as my entry with stops placed just below or just above the key prior defining level. Price targets (limits) are based upon levels of confluences within the mini ranges inside the range extremes.
TYPICAL FX PAIRS TRADED: No exceptions.
TRADER SUTABILITY: These are longer-term trades suitable for traders with limited “Trade Screen” access during the day. These trades would ideally suit PART-TIME traders, those looking to add an additional income stream to their household etc.
PROJECTED TRADE TIME-FRAME: Usually anything from at least 3 months to a year or two in duration. It is dependent upon the trade and the projected range of the trade in question.
ENTRY & EXIT GUIDELINES: Entries are by pre-defined LIMIT ORDER set ups.
RISK / POSITION SIZES: Usually, a multi-trade approach with the initial trade sizes being between 10% -25%. It really depends on the currency pair and the trade opportunity itself.
STOP LOSS LEVELS: These are defined by confluence areas of the mini ranges within the overall range extremes. Rather than using Monthly Average True Ranges (ATR), using areas of buyer / seller confluences to provide STOP LEVELS really follows previous price action, which is in almost all situations checked by the market.
TRADE MANAGEMENT: The FUNDAMENTAL TRADE style will have multiple “LIVE” positions and multiple “LIMIT ORDERS” pre-determined and ready to trigger.
HISTORY, PRESENT DAY, and FUTURE THOUGHTS:
Over the years I have tried to trade a style called FUNDAMENTAL, but it fell between “a rock and a hard place”.
I have a clear objective today. These are reversal trades from price extremes, such as, generational lows or highs. These can be as long as two-three years in play, if required to be so.