Intraweek Orders

I couldn't get my screen recorder to work properly yesterday when I placed my orders, so I am going to write about them instead.

Let's begin by going over which orders were executed from my Sunday trades. The AUD/USD was executed and within 7 minutes it took profit... giving me a 2.67% portfolio gain. This 7-year plan has one key element... I am not required to make a trade... I am merely required to make the right trades. I only trade when the signals are absolutely perfect.

As for my intraweek orders. Looking at the USD/CAD, I placed a short order at 1.17076 for 5K units, looking for a T/P at 1.16988. This entry order is a perfect split of the R2 and the upper Bollinger Band. This order is my favorite of the intraweek and all indicators point to an execution.

Next up, longing the AUD/CAD, 5K units at .93387 and a T/P at .93457. This order lines up the S2 and lower Bollinger Band perfectly.

I am very excited to be trading in the AUD/USD this week. A buy order placed at the perfect line up up S2 and my lower Bollinger Band (.81087) with a T/P at .80082.

Rather than going through all of my orders individually, I am posting the remaining orders here:

All of these orders are either a split different of R2 with an upper band, S2 with a lower band, or in some of the cases (the best cases) a perfect alignment of R2/S2 with the upper/lower Bollinger Band.

Happy trading. Merry Christmas. I will see you all on Sunday and will definitely be creating a video for that trading session.

#YoungBuffett Out

12/21/2014 Weekly Outlook

For those of you that didn't already see my newest video on YouTube, you can check it out here --- this video is an overview of my early week orders and a little insight into this week's market.

I expect to see make some money in the EUR this week, especially in my EUR/GBP and EUR/USD this week. The EUR/USD has remained relatively flat the past 3 weeks serious downward pressure due to the European debt crisis. BUT what will become of the USD in 2015? With the Fed telling us that interest rates are going to go up next year, the USD can only expect to slow down and will begin to reverse direction on most major currencies once that rate does climb (most likely around the middle of the year).

So for the week of 12/21/2014, what orders did I place? I will talk about my trades in terms of which one is next to be executed. The AUD/USD is actually being traded this week. After staying out of the AUD last week due to my S1 and S2 being above my below Bollinger Band, I placed a limi buy order at .8106 (28 pips away). My S1 is finally within the bands and my S2 is aligned perfectly with the lower band. A 5,000 unit order moving merely 5 pips will give me a very decent ROI.

Next, the EUR/GBP, like I said, I am expecting some big stuff from the EUR this week. With a 3,000 unit order placed long on this pair at .77981 (29.9 pips away) a 5.8 pip bounce will leave me with a nearly 2.6% portfolio gain.

Below are the rest of my early week orders in order of closest to farthest away from being executed:

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I am going to be making my next video on Tuesday afternoon. Be sure to keep a look out. I will go over my intraweek orders. Also, I will be posting on the blog tomorrow about some micro-trading.

Happy trading. #YoungBuffett out.

Secondary Micro Strategy

Hello fellow traders. I created a new 7 minute video on a new micro strategy I am using. It is a secondary strategy that is in no way shape or form taking the place of my main, very successful, semi-automated strategy. Check out the video on YouTube. Or just watch it below.

Happy trading.

#YoungBuffett Out.

USD BOOM

So the Non-Farm report came out last week. I meant to post about it then, but I have been so busy applying for jobs since I lost mine last week. Anywho, long story short, the USD gained over all pairs in my portfolio... which was a bummer for my USD/MXN pair. I am still holding it though for the daily interest and I still see it coming back around. So, I am short on the pair and plan to stick by the indicators.

As for my other trades this week, I hardly ever use the news as a source of indication on my trades and 99% of my trades are based off of technical indicators, which is why I made a decent amount of money on longing the JPY this week. Due to the JPY steady decline.. it finally hit a solid resistance and bounced. At the beginning of the week I took up long position in the GBP/JPY, the AUD/JPY, and the USD/JPY. I made a decent 2% on each of these trades. My favorite technical indication is when the R3 or S3 line up with the Bollinger Bands and they did this week. When I see that, I know the enter that position either long or short (depending on which band we are talking about). I did the same thing with the NZD/CHF this week and that gave me a nice 1.1% gain.

So that is my week in a nutshell. Honestly, it has been a slow last two weeks for me. I am up about 10% this month, which is on my goal line, but I am typically slightly ahead of my goal. Either way, I am beaming with joy because I am making money and not losing it. Thank you Mr. Warren Buffett for those words of wisdom.

As always, my amazing wife keeps me strong and encourages me to stick to my system and not get emotional. The best advice ever... there is no need to make money, so it is better to just wait for the perfect trade rather than risk it. Since then, I haven't felt a need to invest out of necessity, only when the timing is right.

#YoungBuffett Out!