... and if I didn't already have 5% of my account at risk on a USD-bullish position, I'd definitely be looking to get short AUD/USD around current levels, 8200-ish.
If you're naturally bearish cable, i think you have to be even more aussi bearish.
Stopped out of cable for a -5% loss - I'm not in particularly good form at the moment!
Order placed nonetheless to sell EUR/CHF at 1.3979, if-done stop 1.4048, if-done limit 1.3854.
2.5% risk because otherwise, if this trade goes tits-up too I will have exceeded my loss limit for the month.
IMHO it's been an odd month for swinging (so far), I've made more playing forex scratchcards ( playing E/U off tick chart to relieve boredom whilst waiting for set ups) than I have from *proper* moves...
SH, is this approach not making you enough ?
You could do that now though, couldn't you?
Your method seems fairly mechanical...couldn't you just pay someone to code and automate it and then you could do as you say??