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Wd., June 18

June 19, 2014 by admin

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

EURUSD news trade june 18

 

Click here to learn our Forex News Trading Strategy

Posted in: Plain Forex Trading Club Tagged: currency trading, day trading, day trading strategy, forex, forex signals, forex strategy, forex system, forex trading, fx, fx signals, fx strategy, fx trading

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