The European banks are closed today and therefore we did not open any new trades today. We did attempt to trade the USDCAD on the news releases but the price did not move much.
We are still holding our short position in GBPUSD.
Our EURJPY and USDJPY positions opened yesterday reached their respective first profit targets at night for a total profit of +66 pips (see the charts below)
We have shorted EURJPY and USDJPY today. See the signals below:
From: Dave Hughe <plainfx@gmail.com>
Date: Wed, May 28, 2014 at 7:36 AM
Subject: May 28
To:
USDJPY Sell 101.69 SL 102.11 P1= 101.51 P2= 101.36
EURJPY Sell 138.57 SL 139.41 P1= 138.17 P2= 137.71
USDCAD Sell 1.0832 SL 1.0881 P1= 1.0803 P2= 1.0786
The GBPUSD trade from Monday has reached its second profit target today bringing +56 pips more to the total profit. We are still short the pair with one more unit. The current stop-loss is at 1.6751 (see the chart below).
Later during the day we shorted GBPUSD (see the signal below):
From: Dave Hughe <plainfx@gmail.com> Date: Tue, May 27, 2014 at 10:52 AM
Subject: New order
To:
GBPUSD Sell 1.6789 SL 1.6856 P1= 1.5753 P2= 1.6733
This trade has reached its first profit target (+36 pips). The current stop-loss order for the remaining 2 units is at 1.6781 (see the chart below):
The banks were closed yesterday in the U.S. and in the U.K. Today is a quite day. We issued the following signal:
From: Dave Hughe
Subject: May 27
To:
There is no clear direction to the market and therefore there are no orders.
The news trade (do not trade if you cannot watch it closely):
USDCAD Sell 1.0831 SL 1.0852 P1= 1.0811 P2= 1.0803
USDCAD Buy 1.0852 SL 1.0829 P1= 1.0872 P2= 1.0882
The following signal had been issued on Friday:
From: Dave Hughe <plainfx@gmail.com> Date: Fri, May 23, 2014 at 7:35 AM
Subject: May 23
To:
USDCAD Sell 1.0881 SL 1.0921 P1= 1.0861 P2= 1.0851
As the long weekend was coming, the trade has been closed at 1.0865 for a total profit of 45 pips (see the chart below).
The signals issued today were not triggered.
The following signals were issued at night:
From: Dave Hughe <plainfx@gmail.com> Date: Thu, May 22, 2014 at 4:28 PM
Subject: New orders
To:
NZDUSD Sell 0.8548 SL 0.8586 P1= 0.8528 P2= 0.8516
EURJPY Buy 139.03 SL 138.64 P1= 139.23 P2= 139.33
Technically, the EURJPY trade was not triggered but at some brokerages this trade was filled and resulted in a loss. The NZDUSD trade did not go far enough and was closed at break even.
1. The GBPUSD trade from Mo., May 19 was closed today with the total profit of +91 pips, see the chart below:
2. The GBPUSD trade open on May 20 got closed today with a total profit of +56 pips, see the chart below:
3. USDCAD missed the profit target #1 by 3 pips. We are holding it overnight.
This morning we bought USDCAD:
From: Dave Hughe <plainfx@gmail.com>
Date: Wed, May 21, 2014 at 7:29 AM
Subject: May 21
To:
USDCAD Buy 1.0919 SL 1.0869 P1= 1.0944 P2= 1.0984
At night the first profit target for the GBPUSD was filled. The morning signal is shown below:
From: Dave Hughe <plainfx@gmail.com>
Date: Tue, May 20, 2014 at 6:54 AM
Subject: May 20
To:
GBPUSD SL for the remaining 2 units: 1.6798
EURUSD Sell 1.3674 SL 1.3712 P1= 1.3652 P2= 1.3627
From: Dave Hughe <plainfx@gmail.com>
Date: Tue, May 20, 2014 at 1:55 PM
Subject: GBPUSD H4 order
To:
GBPUSD Buy 1.6866 SL 1.6798 P1= 1.6888 P2= 1.6898
If this order gets open, move SL for the currently open 2 units to 1.6834
From: Dave Hughe <plainfx@gmail.com>
Date: Tue, May 20, 2014 at 5:46 PM
Subject: Tonight short-term order
To:
I am placing this order for tonight only and, if not filled, I will cancel it before going to bed.
EURJPY Sell 138.49 SL 139.03 P1= 138.25 P2= 138.12
On Monday, May 19 the following signals issued:
The EURUSD and GBPUSD orders were filled. The USDCHF trade had been cancelled later on.
The prices did not change during the day, therefore both these trades were carried over the night.
