Forex Updates – Hands-free Trading during CNY

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Here are some simple trades I held during CNY, which is a good example of hands-free position trading. This means that after taking a position, you do not have to keep watching the screen. You go visiting, play tennis, play mahjong, have family meals, etc. The idea is to leverage on time by taking a strategic position using the direction given by charts.

Here, I took a long position on the USD/JPY, as I am expecting it to head to 95 or even 100. At one point, I was up over $2k in profits, but there was some G7 news which caused a spike down, and I only got away with slightly over $900 in profits. Oh wells. I will be looking to buy again at cheaper prices.

I have taken long positions on the EUR/USD and the GBP/USD, both for different strategic reasons. Do note that I have reduced my position size drastically to accomodate for the increased risk of not watching the screen while having the open position.

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Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.