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

June 25, 2014 at 10:29 pm

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
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