FX TrendSnagger

FX Trend Snagger Model: 2012-11-26

John J HardyJohn J Hardy , Head of FX Strategy, Saxo Bank
Filed in FX Trend Snagger Model
Slovenia, 26 November 2012 at 08:10 GMT+0
Recommended Recommend Unrecommend Recommend

Note - we added the 2nd unit of long of 56k EURUSD this morning at 1.29684 - and maintain the stop on the overall long EURUSD position at 1.2884 offered. See full PDF attached to this post and open open positions/orders overview below.

News:
-> Adding 2nd unit of EURUSD long today
-> AUDNZD long still alive, AUDUSD long taken on Friday near current levels
-> GBPUSD may trigger long position in next couple of days
-> EURJPY and GBPJPY longs awaiting entry into profit-taking zone

Tsnagger_P_O

Related articles

Topics

This post appears under the following topics...

  1. EURJPY
  2. Forex
  3. AUDUSD
  4. EURUSD
  5. Trading Models
Documents

TrendSnagger_2012_11_26_PM.pdf

Download document

Comments


About the Saxo Bank TrendSnagger Model

The TrendSnagger trading model is designed to capture FX trends. Unlike one-dimensional trend-following models that attempt only to maximize exposure during well-defined trends, this model applies a set of pattern recognition and other rules that are overlaid on the trend following rules to take partial profits at pro-trend extremes and to limit draw-downs, depending on the context. The model is rules based. The basic entries are strictly defined and the stop levels are absolute, although there is some room for discretion on the profit-taking side.



The FX Trend Snagger Model is one of 4 trading models on TradingFloor.com which are tried and tested with an actual funded trading account from Saxo Bank. Also see Turtle Model, Momentum Allocation Model and BottomFisher Model

Trending articles

Trending Topics

Disclaimer

Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

Please read our full disclaimers:
Sponsored by Saxo BankCookiesPrivacyRSSContact us

Disclaimer

Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

Please read our full disclaimers:
Sponsored by Saxo BankCookiesPrivacyRSSContact us
Feedback
Dismiss

Oops! There was a problem communicating with the TradingFloor.com servers Connection Error! {time} {code} {type} {message} .

Oops! There was a problem communicating with the OpenAPI servers.
Oops! There was a problem communicating with the Financial Calender servers.