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Heikin Ashi Mountain Update 15 June

Heikin Ashi Mountain Update 15 June: A flurry of trade closures yesterday, as our Euro trades which had failed to find direction were slashed by their tighter stops. However, other markets were kinder to us, with first £100 profit taken on AUDUSD and open profits starting to accumulate.

Following the rules laid out in the manual, we have four new trades signalled this morning:

GBPUSD – sell
Germany – buy
Gold – buy
USDCHF – buy

This puts us long the US Dollar across four positions. If you are concerned about exposure, please consider reducing stakes or entering trades selectively.

A reminder that you should be doing your own analysis and identification of trades according to the rules laid out in the manual, and that these emails are not to be relied on – but are designed so that you can check your understanding of the strategy as laid out in the Heikin Ashi Mountain manual.

Here’s how my account looks:

Heikin Ashi Mountain Update 15 June

Regards

Mark

 

Please note:
• I am opening two trades for each signal according to the Combined Profits method, one for each profit target. My staking is based on a 2% risk of a £20k trading pot, so I’m risking £200 per trade – £400 across both trades.
• Heikin Ashi Mountain is no longer trading the following instruments: EURUSD, France, Eurostoxx & UK100.

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