Th., July 31 Forex signals and trade results: +12 pips

July 31, 2014 at 7:58 pm

There were no new signals today. Our long EURGBP trade got open overnight. The trade did not go far and we closed it with a small profit of +12 pips.

Wd., July 30 Forex Signals & Trades Results: +207 pips

July 31, 2014 at 7:43 am

Two trades brought +207 pips today:

Our AUDUSD short trade brought us +108 pips profit  (see the chart below).

AUDUSD short trade July 30

This morning we issued a signal to buy EURJPY and EURGBP. The EURJPY orders got filled:

From: Dave Hughe <[email protected]>
Date: Wed, Jul 30, 2014 at 7:39 AM
Subject: July 30
To:
EURJPY Buy 137.12 SL 136.68 P1= 137.29 P2= 137.48

EURGBP Buy 0.7927 SL 0.7898 P1= 137.47 P2= 0.7957

Our long position in EURJPY  brought us +99 pips of profit (see the chart below):

EURJPY trade July 30

Mo.-Tu., July 29

July 30, 2014 at 10:52 pm

Our signal to short AUDUSD was not triggered on Monday:

From: Dave Hughe <[email protected]>
Date: Mon, Jul 28, 2014 at 7:24 AM
Subject: July 28
To:
AUDUSD Sell 0.9377 SL 0.9416 P1= 0.9362 P2= 0.9352

On Tuesday  the signal was updated and we went short AUDUSD:

From: Dave Hughe <[email protected]>
Date: Tue, Jul 29, 2014 at 7:31 AM
Subject: July 29
To:

There are no new orders this morning

AUDUSD change Sell to 0.9388

How to make $1 Trillion trading Forex within 2 years?

July 30, 2014 at 10:46 pm

As always, everything depends on your trading system’s ROI (return on investment).

By compounding a 10% annual ROI for the period of 2 years, you would need to start with $4.96 Trillions in order to make $1 Trillion.

What are some tips for Forex trading?

July 30, 2014 at 10:44 pm

Treat it seriously and always know what you are doing and why.

July 18. End Of Week Trading Results

July 20, 2014 at 9:52 am

Our winning streak of 8 profitable weeks in a row has been interrupted this week. This week resulted in a loss of -207 pips.

+25.53% Profit Made so far in the Plain Forex Trade Copier Real Account:

Trade Copier June 1 to July 18

 

The up to date Forex trading results since the start of this blog:

Week 1: +231 pips
Week 2: – 19 pips
Week 3: +415 pips
Week 4: +366 pips
Week 5: +137 pips
Week 6: +150 pips
Week 7: + 220 pips
Week 8: +155 pips
Week 9: + 23 pips
Week 10: –149 pips
Week 11: +465 pips
Week 12: +126 pips
Week 13: + 50 pips
Week 14: +306 pips
Week 15: +201 pips
Week 16: + 11 pips
Week 17: +325 pips
Week 18: + 80 pips
Week 19: –133 pips
Week 20: +380 pips
Week 21: – 32 pips
Week 22: + 66 pips
Week 23: –144 pips
Week 24: +218 pips
Week 25: -109 pips
Week 26: + 51 pips
Week 27: +166 pips
Week 28: +210 pips
Week 29: +157 pips
Week 30: + 52 pips
Week 31: +114 pips
Week 32: +334 pips
Week 33: + 96 pips
Week 34: -207 pips

Total: +4,312 pips

Fr., July 18. Forex Signals & Trading Results

July 20, 2014 at 9:25 am

Our short trade in GBPUSD today resulted in +72 pips

We also went long the EURGBP pair this morning but closed that trade at break even. On Thursday we placed an order to short GBPUSD. The signal was as follows:

GBPUSD Sell 1.7079 SL 1.7021 P1= 1.7061 P2= 1.7043

This trade performed nicely with no surprises (see the chart below):

GBPUSD trade July18

 

Th., July 17 Forex Trading Signals

July 20, 2014 at 9:06 am

We issued the following signals, which were not triggered but were not cancelled either. We are going to keep these orders open until the next day.

From: Dave Hughe <[email protected]>
Date: Thu, Jul 17, 2014 at 4:51 PM
Subject: New orders
To:
AUDUSD Sell 0.9324 SL 0.9381 P1= 0.9304 P2= 0.9394

GBPUSD Sell 1.7079 SL 1.7021 P1= 1.7061 P2= 1.7043

Wd., July 16 Forex signals

July 20, 2014 at 9:00 am

There were no signals on Tuesday and today’s signal was not triggered as the market continued moving sideways.

We traded news in USDCAD this morning:

USDCAD Buy 1.0776 SL 1.0750 P1= 1.0796 P2= 1.0806
USDCAD Sell 1.0750 SL 1.0776 P1= 1.0727 P2= 1.0716

This news trade was a real-life example of the worst price move scenario in action. Unfortunately days like this happen from time to time and one just needs to cope with the losses they bring.

Right after the news release the price dropped sharply triggering short positions. As soon as our short orders got filled the price turned 180 degrees and went up triggering stops of our short orders and simultaneously opening our long positions. The up move was not far enough nor was it long enough to make any profit. The following down move forced us out of the long position. The price ended up going nowhere and we ended up losing -198 pips.

 

Monday night news trade

July 20, 2014 at 8:31 am

We traded the Australian news release at night:

AUDUSD Buy 0.9403 SL 0.9374 P1= 0.9423 P= 0.9443
AUDUSD Sell 0.9374 SL 0.9403 P1= 0.9354 P2= 0.9334

The price went up first triggering our buy orders but then it reversed hitting our stop-loss orders. The long trade resulted in a loss of -81 pips. As soon as we got out of the long trade, we opened a short position, which did not go far and was closed at break even.