Th., Dec. 19 Morning orders

December 19, 2013 at 1:29 pm
EURUSD Sell 1.3645 SL 1.3675 P1= 1.3625 P2= 1.3612

EURGBP Sell 0.8335 SL 0.8381 P1= 0.8305 P2= 0.8885

AUDUSD Buy 0.8876 SL 0.8836 P1= 0.8896 P2= 0.8909

GBPUSD Sell 1.6358 SL 1.6403 P1= 1.6338 P2= 1.6305

What a roller coaster!

December 18, 2013 at 8:35 pm
As with anything you do in your life, you gotta have bad days. Although today was not a really bad day but it was not good. That’s for sure.

The morning trade hit stop loss for a loss of -135 pips. The trade on news hit both profit targets and was closed with profit of +107 pips.

The total of all trades today is: loss of -28 pips

EURUSD news trade

December 18, 2013 at 6:59 pm
Buy 1.3783

Sell 1.3748

EURUSD SL adjusted to 1.3772

December 18, 2013 at 4:10 pm

EURUSD P1= 1.3717 P2= 1.3703

December 18, 2013 at 1:34 pm

EURUSD SL = 1.3767

December 18, 2013 at 1:28 pm

Wd., Dec. 18 trading strategy for today

December 18, 2013 at 1:23 pm
The US Building Permits data comes out at 8:30am but most likely it will not move the price much because the FOMC is going to release its Economic Projections and make a statement at 2pm plus they are going to hold a press conference at 2:30pm.

The bias for the EURUSD price is down therefore I am placing a stop order to sell at 1.3737 for now. I am going to consider stop loss and targets later.

Tu., Dec. 17 end of day results (+85 pips)

December 18, 2013 at 5:56 am
I didn’t have time to trade today and therefore just managed my open positions in USDJPY. 

Both profit targets were reached and then the price bounced back triggering the stop loss for the third unit, which was moved to the P1 level. The total profit from this trade was 24 + 37 + 24 = 85 pips.

Mon., Dec. 16 end of day results

December 17, 2013 at 12:49 am
USDJPY position got open today and remain open as the price is range bound.

Cancelled NZD and CAD orders

USDCHF overnight trade update (+20 pips profit so far)

December 16, 2013 at 1:32 pm
USDCHF overnight trade: the first profit target was hit and the price stopped 2 pips shy of the second target. I moved SL to break even and changed the P2 to 0.8831