RINDER TRADE LLC

info@rindertrade.com

763-276-7577

RISK WARNING:  Trading in the foreign exchange market, just as in any financial market, carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.  When applicable, the high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, previous level of experience, and risk level. Trading may result in the loss of of some or all of your initial investment and therefore you should not invest capital that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any questions.  

©2019 by Rinder Trade LLC

  • Mike

STRATEGY UPDATE: TARGETS


Target trading strategies are typically some of the most reliable and consistent strategies available but they are dependent upon the market moving in waves...specifically the retracement portion of the wave. Due to the unusually strong US Dollar and the lack of any measurable retracements over the past few months, we've had a few trades (EUR/USD, GBP/USD, NZD/USD) that have been holding us hostage in both the Weekly and Daily Target strategies. This type of movement usually only occurs once or twice a year but it can severely impact our ability to take additional trades due to margin requirements. As mentioned in the last MARKET CONDITIONS post, the US Dollar is showing signs of a possible retracement. If that does occur, our primary objective will be to exit the trades at an acceptable level...more than likely we will not be holding these trades towards their original targets.