Th., Dec. 19 Morning orders

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!

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 … [Read more…]

Wd., Dec. 18 trading strategy for today

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 … [Read more…]

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

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 … [Read more…]