Selasa, 12 April 2016

Forex Trading Strategy 84 - forex trading us tax implications

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Forex Trading Strategy 84 ~ forex trading us tax implications


Trade of the Week: GBP/USD H1: 6th March: +5.5% Profit (+110 pips)


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On D1, H4 & H1, this is downtrend, on H1 we have a very tight fractal box and the ewave is about to cross the zero line. We take the break, and the price falls. This is the NFP release news so we sell half of our position (+2% / 2 = +1%) before the news and let our trade runs. Following the news, the price goes in our way (as often, price goes in the main trend direction) and we exit few hours before the end of the week for +9% / 2 = +4.5%; the total profit is +5.5%.  Great quick trade.


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