Th., Jan. 30 Trading on news
EURUSD Buy 1.3601 Sell 1.3563
USDCAD Buy 1.1201 Sell 1.1164
Trade on news result: +40 pips
The P1 gained +20 pips plus both stop loss orders were filled at 1.3669 making the total profit +40 pips
EURUSD New order
EURUSD Sell 1.3648 SL= 1.3676 P1= 1.3631 P2= 1.3608
EURUSD update
The P1 is filled, stop loss orders for the remaining 2 orders are moved to 1.3669
Tu., Jan. 28 Trade on news
I did not have time to post this trade before it happened but will post it now to illustrate how trading on news works:
EURUSD Bought at 1.3659, initial SL 1.3623, P1= 1.3679 P2= 1.3691 Once the price moved above 1.3670, I move stop loss orders to break even:
Orders update
USDJPY: loss -189 pips
EURUSD orders cancelled
Mo., Jan. 27 morning
EURJPY Buy 140.61 SL 139.98 P1= 140.81 P2= 140.91
EURUSD Buy 1.3708 SL 1.3665 P1= 1.3728 P2= 1.3743
Jan. 24 end of week results: +23 pips (Total: +1,478 pips)
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: + 20 pips
Week 8: +155 pips
Week 9: + 23 pips
Total: +1478 pips
Dave’s Forex Trading Secrets
