February 2019 Results

Updated: Aug 1


Weekly update on our Macro Currency Strength Meter potentially profitable trades of week 5th February 2019


Successful Positions Executed by Logikfx $10k trading account (See exact setups below)

All Logikfx trades were taken on a 1% variable risk.

  • GBP/AUD (LONG): 400 pips gained, 4.00 Risk Reward, +$393

  • GBP/PLN (LONG): 600 pips gained, 4.00 Risk reward, +$388

  • GBP/NOK (LONG): 2300 pips gained, 7.60 Risk Reward, +$766

  • GBP/ZAR (LONG): 4200 pips gained, 5.25 Risk Reward,+$520

Successful forecasts

Summary of potentially profitable forecasts by the macro currency strength meter.

  • AUD/CNY (SHORT): 1018 pips gained, 7.30 Risk Reward

  • AUD/HKD (SHORT): 1349 pips gained, 6.46 Risk Reward

  • ZAR/CNY (SHORT): 129 pips gained, 4.30 Risk Reward

  • HKD/JPY (LONG): 1139 pips gained, 0.70 Risk Reward

  • HKD/PLN (LONG): 116 pips gained, 2.55 Risk Reward

  • PLN/CNY (SHORT): 318 pips gained, 3.49 Risk Reward

  • SEK/CNY (SHORT): 135 pips gained, 2.76 Risk Reward

  • SEK/HKD (SHORT): 185 pips gained, 2.81 Risk Reward


Upgrade your membership to access all features of the currency strength meter



GBP/AUD

Earlier on last week the currency strength meter reading the the Australian dollar (AUD) was - 47 representing extreme weakness for the AUD. On the flip side Great Britain's (GBP) economy was strengthening with a score of + 25. This was a perfect opportunity to long GBP/AUD in the Forex market. Our members were able to catch this position and profit from the exchange rate movement.


Above shows the long position entered on GBP/AUD with a 100 pip stop-loss and 400 pip take-profit. The result being a $393 net profit on the trade for our members.


GBP/AUD cTrader Live Results

  1. Entry time: 05/02/2019 - 18:00

  2. Symbol: GBP/AUD

  3. Lot Size: 0.14 lots

  4. Type: Buy

  5. Entry price: 1.78981

  6. Close price: 1.82981


GBP/PLN

GBP/PLN had a very similar setup, the correlation continued across all the GBP pairs and we were able to identify the majority of profitable positions. The Great british pound (GBP) had a strong quantitative score of +25 as of 05/02/2019 and the Polish zloty (PLN) was weak with a score of -40. Again, our members were able to catch this position and profit from the exchange rate movement.


Above shows the long position entered on GBP/PLN with a 150 pip stop loss and 600 pip take profit. The result being a $388 net profit on the trade.


GBP/PLN cTrader Live Results

  1. Entry time: 05/02/2019 - 18:00

  2. Symbol: GBP/PLN

  3. Lot Size: 0.25 lots

  4. Type: Buy

  5. Entry price: 4.88580

  6. Close price: 4.92580


GBP/NOK


GBP/NOK was also a very good long opportunity. The Great british pound (GBP) had a fairly strong quantitative score of + 25 as of 06/02/2019 and the Norwegian Krone (NOK) was weak with a score of - 30 This was extremely weak for the NOK and a great opportunity to long GBP. Again, our members were able to catch this position and profit from the exchange rate movement.



Above shows the long position entered on GBP/NOK with a 300 pip stop-loss and 2200 pip take-profit. The result being a $766 net profit on the trade.



GBP/NOK cTrader Live Results

  1. Entry time: 05/02/2019 - 18:00

  2. Symbol: GBP/NOK

  3. Lot Size: 0.29 lots

  4. Type: Buy

  5. Entry price: 10.98095

  6. Close price: 11.21095


GBP/ZAR

GBP/ZAR followed the correlation of strength vs weakness and a good long opportunity. The Great british pound (GBP) had a strong quantitative score of +25 as of 05/02/2019 and the South African Rand (ZAR) was weak with a score of -25 This was weak for the ZAR and a great opportunity to long GBP. Again, our members were able to catch this position and profit from the exchange rate movement.


Above shows the position entered for GBP/ZAR LONG on 05/02/2019. The position had a 800 pip stop loss due to being an exotic currency and a 4200 pip take profit. The result being a $520 net gain.



GBP/ZAR cTrader Live Results

  1. Entry time: 05/02/2019 - 18:00

  2. Symbol: GBP/ZAR

  3. Lot Size: 0.17 lots

  4. Type: Buy

  5. Entry price: 17.33399

  6. Close price: 17.75399


Successful forecasts

Summary of potentially profitable forecasts by the Macro Currency Strength Meter.

  • AUD/CNH


AUD/CNY (SHORT): 1018 pips gained, 7.30 Risk Reward

  • AUD/HKD


AUD/HKD (SHORT): 1349 pips gained, 6.46 Risk Reward

  • ZAR/CNY


ZAR/CNY (SHORT): 129 pips gained, 4.30 Risk Reward

  • HKD/JPY


HKD/JPY (LONG): 1139 pips gained, 0.70 Risk Reward

  • HKD/PLN



HKD/PLN (LONG): 116 pips gained, 2.55 Risk Reward

  • PLN/CNY



PLN/CNY (SHORT): 318 pips gained, 3.49 Risk Reward

  • SEK/CNH


SEK/CNY (SHORT): 135 pips gained, 2.76 Risk Reward

  • SEK/HKD


SEK/HKD (SHORT): 185 pips gained, 2.81 Risk Reward


Learn to trade with Logikfx Academy

Take the first steps into growing your value as a trader with our free online courses, webinars, seminars. All from a small team of highly skilled traders with over 15 years’ experience in the financial markets. Learn how to use powerful tools such as the macro currency strength meter alongside market positioning through a step-by-step COT tutorial - all at your own pace, including interactive exercises, engaging examples, and full support to help you develop your understanding.


Unlock Premium Trade Ideas

Get all the hard work done for you and gain access to high-quality trade ideas directly from Logikfx Directors for the upcoming weeks and months.

132 views

Do you want better trades?

Hey, we're Logikfx. We're determined to make consistent trading a reality for all. Get email notifications of all our up-coming trade ideas and much more. The question is, are you ready?

 LEARN TO TRADE 

 COMPANY 

Logikfx.com simplifies complex financial trading information and processes, so anyone can have complete confidence with their Forex or Stocks portfolio.

 

Learn to trade through online videos, articles, webinars, and workshops. The Logikfx Portal has everything you need to build yourself a long-term trading plan.

Recognition

Nominated as ‘Best New Forex Education & Training UK 2020’ - by Global Banking and Finance Review

Macro Currency Strength Meter ranked as 'best automation tool for retail traders' - by E-Forex Magazine

©2017 - 2020 Logik Fx Ltd

1/1

Headquarters

Logikfx

The Colmore Building, 

20 Colmore Circus Queensway, 

Birmingham 

B4 6AT 

United Kingdom

Business Hours

Mon - Fri: 8am to 11pm

Sat: 6am to 11am

Sun: Closed

Disclaimer

Trading in securities can lead to significant losses, that may exceed your initial investment. You should seek advice from a licensed professional to determine if trading is for you. Logik Fx Limited is not an investment advisor. Further, owners, employees, agents or representatives of Logik Fx Limited are not acting as investment advisors. All persons and entities (including their representatives, agents, and affiliates) contributing to the content on this website are not providing investment or legal advice. Nor are they making recommendations with respect to the advisability of investing in, purchasing or selling securities, nor are they rendering any advice on the basis of the specific investment situation of any particular person or entity.

 

All information on this website is strictly informational and is not to be construed as advocating, promoting or advertising registered or unregistered investments of any kind whatsoever. All of the information on this website is for educational purposes only and is not to be construed as investment or trading advice. ​For the full disclaimer click here.