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Wd., June 25 Forex Trades & Results: +18 pips on the news

June 25, 2014 by admin

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.

EURUSD news trade Jun25

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

 

Posted in: Plain Forex Trading Club Tagged: currency trading, day trading, day trading strategy, forex, forex profit, forex signals, forex strategies, forex strategy, forex system, forex trade signals, forex trading, forex trading signals, fx, fx signals, fx strategy, fx trading, make money

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