Midweek outlook

Here is the midweek outlook for this week: currency pairs that have already moved significantly continue to move as they have. For example, USD/JPY, AUD/JPY, NZD/JPY, GBP/JPY, CHF/JPY, and so on. AUDUSD, NZDUSD, USACAD are also included.

Other pairs have only been oscillating up and down, so I think moving activity will appear in the latter half of the week or next week. GBP/USD has briefly fallen below its previous low, but it is still a pair that continues to oscillate.

AUD/NZD has moved up and down a lot without a clear direction, so once a direction is decided, it should trend strongly. (Here I’ve been slapped back and forth.)

REAL TRADEis posted.

While many pairs are returning, I am still trying in as usual to observe. Honestly, I think it might be okay to take positions in the latter half of the week, two days before then.

However, until this month, my policy remains to take a position whenever I find something that can be traded with the 503 method and set it up. I thought it might be good to see how the results turn out.

This week, several pairs gained 100 pips. I will verify it in my history. (This is a demo account.)

In midweek last week, AUD/NZD achieved revenge. I aimed downward, and when I lost, I recovered the loss with a long position on the opposite direction, ending with the same profit and taking profit accordingly.

Then at the start of the week, AUD/JPY quickly reached 100 pips, followed by EUR/AUD and USD/CAD also reaching 100 pips. Increased position entries in AUD/JPY achieved another 100 pips. Furthermore, AUD/CAD also reached 100 pips.

There were a total of five 100-pip achievements, but NZD/USD, which I had been focusing on the most, hit a stop. Because of an outside gap, I thought it would return eventually and widened the stop loss (99 pips), but it hit the stop. The history is hidden as it was a position from last week. (There were 3 stop-losses for NZDUSD, totaling about 17,000 yen.)

Since then this week, some pairs I held have either moved with oscillations and been stopped out, or moved with a clear direction by more than 100 pips.

From what I see, as positions are stopped one after another (8–11 positions were closed), unrealized gains of 10,000–12,000 yen did not move. It was a mysterious phenomenon. Therefore, I think I didn’t have many positions that were moving significantly.

In the future, some will move with direction and grow, while others will be stopped out. I plan to leave the current positions as is.

As I mentioned last week, I would prefer to enter AUD/NZD short, but I also hold long positions according to the 503 method.

This week I started with 0.6 lots, and for pairs that moved about 50 pips, I added 0.1 lots. I added to positions with 0.2 lots that were in drawdown, and for pairs I have entered multiple times, I am using 0.5 lots.

That’s about it. Let’s watch whether the idle pairs start to move in the latter half of the week.

Towards August, I have started trading in a real account as well. From now on, I am thinking of splitting the methods.

Because setting up in MT5 could not be done properly in REAL TRADE, I could not post it (the login and reference password did not work well). I think this is also okay as it is.

It is possible to view with a viewer account number and Password, and connect to MyfxBook, so I plan to run the 503 method in the serialized articles by separating the currently registered MT4 demo account from the new real MT5 account I am starting to operate now.