Wd., June 18
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
