The EURUSD pair continued its upward move today but the divergence is still there. Also, today was the 4th day of the non-stop upward move. Therefore I moved the SL closer and placed it at 1.3868, which is just underneath the previous resistance of 1.3870 and this is also right under the latest pivot point … [Read more…]
Th., Apr. 10 Morning
The Unemployment Claims number released by Dept. of Labor this morning was better that expected but it did not affect the USD price. Today is the fist day of the G20 meeting and markets are most likely going to trade sideways while waiting for speeches of the G7 leaders and further developments. None of the … [Read more…]
Wd., Apr. 9 End of day results: +61 pips and counting
The long EURUSD trade reached both profit targets today for a total profit of +61 pips. One unit remains open with the stop loss at the break even price.
Wd., Apr. 9 Forex Signals
The USDJPY hit the stop loss and brought in +172 pips of profit as expected. The market has been consolidating since the last night waiting for the Federal Open Market Committee meeting results. There were 3 signals issued today: The CAD and JPY signals were cancelled later on but the EURUSD worked quite well.
Tu., Apr. 8: USDJPY stop loss at 102.02 now (+172 pips)
I have moved the stop loss order for the USDJPY trade to 102.02, which if hit will bring +172 pips of profit in addition to the first 2 units sold on Friday.
Tu., Apr. 8 The USD keeps falling
Nothing doing again this morning. The USD started its drop across the board at night, which is morning in Europe. And jumping on a moving train is a dangerous proposition. Gotta wait. On the bright side there is the profit in the still open USDJPY trade. The stop loss order is moved to 102.66, which … [Read more…]
USDJPY short trade is cooperating nicely!
The still open USDJPY short position that is being held since Friday is cooperating nicely. The pair has been shorted at 103.74 (see the signal here: Fr., Apr. 4 Forex Signals) Now the price is at 102.85 and the stop loss order is moved to 103.16, which if hit will bring +58 pips of profit.
Mo., Apr. 7 Forex signals
There were no signals today:
Fr., Apr. 4 End of week results: -133 pips (total: +2,760 pips)
It’s never a good feeling to lose money. But that’s a business expense that one can’t do without. The up to date trading results for this blog are as follow: Week 1: +231 pips Week 2: – 19 pips Week 3: +415 pips Week 4: +366 pips Week 5: +137 pips Week … [Read more…]
Fr., Apr. 4 End of day results: +4 pips
This Friday’s trading result is pretty much a break even. The EURUSD position from yesterday resulted in the loss of -90 pips. The morning trades on news results were as follows: USDCAD went straight down and brought in +85 pips of profit USDJPY played a roller coaster, which resulted in -61 pips but then it made … [Read more…]