There were no new signals today. Our remaining 2 units in the short USDJPY trade hit a stop-loss today for a small profit of +14 pips.

Plain Forex Trade Copier Real Account gained +3.45% this week.

The profit for the month of June is +22.22% so far:

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

Total: +4,089 pips

The EURGBP and USDJPY trades that we opened yesterday went their separate ways.

EURGBP long trade: we moved the stop-loss to 0.8009 and it had been triggered later for a total loss of -51 pips.

USDJPY short trade: this trade has reached both profit targets for the total profit of +70 pips so far. We are still holding one unit with a tight SL at 101.46

We have also opened a new position in the USDJPY. The current stop-loos for this position is at the break even price of 101.59

From: Dave Hughe <plainfx@gmail.com>
Date: Thu, Jun 26, 2014 at 7:12 AM
Subject: June 26
To:
USDJPY new order. As soon as this order gets filled, move the yesterday’s USDJPY to BE.

USDJPY Sell 101.59 SL 102.22 P1= 101.31 P2= 101.16

We made quick +18 pips of profit by trading the news release today.

The signal was as follows:

From: Dave Hughe <plainfx@gmail.com>
Date: Wed, Jun 25, 2014 at 7:19 AM
Subject: June 25
To:
Cancel the pending EURUSD order.

News trade:
EURUSD Buy 1.3623 SL 1.3597 P1= 1.3648 P2= 1.3668
EURUSD Sell 1.3597 SL 1.3623 P1= 1.3577 P2= 1.3566

There was a slippage of 7 pips today therefore we collected +18 pips instead of +25 pips. The other downside of the slippage was that we had to place our stop-loss orders 7 pips closer than we would otherwise. As the result, our remaining 2 units got stopped out prematurely at break even.

Click here to learn our Forex News Trading Strategy

Today we also opened a long position in EURGBP and a short in USDJPY. Both of them are still open:

USDJPY Sell 101.79 SL 102.21 P1= 101.62 P2= 101.46

EURGBP Buy 0.8026 SL 0.7978 P1= 0.8046 P2= 0.8066

Today we shorted NZDUSD but were stopped out at the break even price.

Our GBPUSD short trade that we opened on Monday got closed today for +77 pips in total profit (see previous posts and the chart below)

As you can see, we moved stop-loss to 1.6988 and were stopped out.

We sent two signals to our subscribers on Monday. One of them was to short the GBPUSD pair the other one is still pending. The GBPUSD position was open according to the signal:

From: Dave Hughe <plainfx@gmail.com>
Date: Mon, Jun 23, 2014 at 6:39 AM
Subject: June 23
To:
GBPUSD Sell 1.7008 SL 1.7051 P1= 1.6981 P2= 1.6961

So far, the first profit target is reached and the stop-loss orders for the remaining 2 units are moved to the break even point, which is the entry price. See the chart below:

Plain Forex Trade Copier Real Account results:

For a $1,000 account risking 5% per trade the Net Profit this month would be $181.50

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

Total: +3,975 pips

Our USDCAD trade today was a classic example of Plain Forex News Trading system.

We sent the following signal to our subscribers this morning:

From: Dave Hughe <plainfx@gmail.com>
Date: Fri, Jun 20, 2014 at 7:06 AM
Subject: USDCAD News trade at 8:30 am EST
To:

USDCAD Sell 1.0809 SL 1.0834 P1= 1.0789 P2= 1.0778
USDCAD Buy 1.0834 SL 1.0809 P1= 1.0854 P2= 1.0864

Plain Forex News Trading Strategies are described in detail in this book, which is available on Amazon:

It was another quiet day in the market. No signals were triggered. The EURUSD price drifted down hitting our stop-loss at 1.3609. Thus, we cashed out the last unit for an additional +18 pips of profit (see the previous post).

Our signals on Mo. and Tu. were not triggered. On Wd. we got burned by the high volatility on the 2 out of 3 of our trades:

USDJPY Buy 102.36 SL 101.96 P1= 102.56 P2= 102.68

AUDUSD Sell 0.9324 SL 0.9364 P1= 0.9304 P2= 0.9286

Both these positions were traded in the same direction and therefore the risk was split in half between them. The total loss for these trades was -120 pips.

Our news trade on EURUSD fared pretty well. Both profit targets were reached and we are currently holding one unit with a stop-loss at 1.3609. The realized profit from this trade so far is +70 pips (see the signal and the chart below):

From: Dave Hughe <plainfx@gmail.com>
Date: Wed, Jun 18, 2014 at 1:54 PM
Subject: News trade
To:
EURUSD Buy 1.3591 SL 1.3538 P1= 1.3611 P2= 1.3631

Trading just one way because we have 2 positions in the opposite direction.

Later the P1 and P2 have been changed to 1.3614 and 1.3638 respectively

Click here to learn our Forex News Trading Strategy