May 2019 Results

Updated: Aug 1

Rundown of March opportunities and trades (+552 pips)

March has been a volatile month for the LogicStrategy™, and with volatility comes opportunity. The first quarter of 2019 showed promising signs for some economies while simultaneously showing contractions in others. This provides great opportunities for long and short trades.


NZDCHF SHORT (12/03/2019)

One of the trades taken by our members was the NZDCHF trade. The price throughout the start of march was rallying, increasing to the resistance between 0.6900 - 0.6920. On a technical sense a lone the trade was looking like a possible opportunity. However, extra confidence in the trade was seen as the LogicStrategy scores shifted to a negative score of -30. This suggests on a fundamental level NZD was overpriced and should short, this also aligned with some technical aspects of resistance.

The trade was placed by our member and he took profit at 0.6840 an area of support, with the confidence of fundamentals the position moved over 150 pips as seen in the image above. However, due to the member's personal strategy and risk management they chose to take profit at the conservative zone.


EURCAD LONG (14/03/2019)

After a few days the LogicStrategy showed strong shifts towards EUR strength, this is an indication of EUR becoming stronger and having a long bias. At the same time the Canadian dollar started to become weak. Moving to the EURCAD price chart we saw that throughout early march the price was congesting in a support area between 1.504 - 1.510. Combining the strong fundamental scores for EUR from LogicStrategy and the weak score Shahan was able to catch a great area to buy EURCAD.


The trade itself was placed on the 14/03/2019. It only took a few days for the fundamental forecast to be priced into the charts netting him 82 pips. This was a conservative area to take profit as the price itself reached the area of resistance at 1.5200.


GBPNZD SHORT (27/03/2019)

Towards the end of the month we saw much more volatility and changes in biases. As you should recall Shahan our professional member took a NZDCHF short in early march. His bias soon changed of the NZD as it shifted towards strength by the end of the month and at the same time GBP started to show heavy weakness. This was a good indication of a short in GBPNZD. A perfect technical line up showed resistance at 1.9500 with a strong evening star formation.



Shahan entered the position and it since dropped over 200 pips. The scheduled data on the 29th further pushed the priced down to the support level 1.9050. These multiple trade opportunities were all supported by the LogicStrategy fundamental system. Just showing how useful it can for all types of traders.

This is a live example in action, feel free to submit your trade ideas with the LogicStrategy™ scores and your analysis to support@logikfx.com.

Upgrade your membership to access Forex tools to increase your edge and trade like a professional hedge fund manager.

47 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.