Forex Playbook: March 14-20
March 14, 2010 at 18:45 UTC || By Forex Playmaker
With the S&P 500 on the cusp of fresh highs, investors have regained their collective appetite for risk. Expect measured losses for the US Dollar in the coming week of Forex trading, as the spotlight shifts toward higher yielding assets.
Forex Playbook results
Trading Rules
Trading Style: Swing, 1-5 day duration (unless otherwise noted)
Order Entry Time: Sunday, 5:30 PM ET
Trade Exit Time: If stops/limits are not reached by 2:00 PM ET Friday, exit trades manually. Unless otherwise noted, positions are not held over the weekend.
Unexecuted ENTRY Orders: If by 12:00 PM ET Wednesday, position is not established, cancel the entry order.
Sunday Gaps: If a significant gap occurs at the Sunday open (> 35 Pips), use discretion when placing orders. If market gaps in favor of the trade – i.e. gaps higher on buy orders or lower on sell orders – note the impact on the RR Ratio to determine whether the trade setup remains favorable.
