28 June: Tomi-trader update. New equity highs for FX Charts Macro EA!

By | June 28, 2018

The FXC Macro Tomitrader EA continues to work well, with our short Gold strategy continuing to provide decent returns for us.

We still also have the long US$Chf position although it seems rather too hampered by any safe haven demand and it may be better to utilise a short EurUsd strategy instead.

We intend to cut our short EurGbp bias and to replace this with another cross, short NzdJpy, which has already been implemented.  The RBNZ would like a lower currency – and we also prefer to be long Jpy, once again, because safe haven demand seems to stand in the way of any major upside move from here. A bearish bias in stocks, the ongoing threat of a trade war and a neutral bias in the US bond markets would also seem to favour the Jpy. From a technical point of view, the long term charts seem to suggest that the cross may be about to break lower.

Current positions

Short Gold

Short EurUsd

Short NzdJpy

Go to this page to see full details.


EurUsd .

Gold .

NzdJpy – A monthly Ichimoku, suggesting a break below the cloud and the 100 Month MA