Fr., Mar. 7 end of day results: +96 pips

Today was another confirmation that technical analysis does work. The USD went up on the news and created some profits for  those who were prepared to capitalize on the move. The results of trades today were as follows: GBPUSD: although the trade was correct, the wiggling of the price made me uneasy and I closed … [Read more…]

Fr., Mar. 7

Big news are coming out at 8:30 today and it looks like the market is expecting the news to be bad for the US dollar. On the other hand there are divergences in many major pairs and at least a temporary reverse in the price direction is due. But the problem is that it’s impossible … [Read more…]

Th., Mar. 6 Forex Signals

Forex Signals issued this morning: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Mar 6, 2014 at 7:44 AM Subject: Mar. 6 morning To: GBPUSD Sell 1.6698 SL 1.6758 P1= 1.6678 P2= 1.6668 EURUSD Buy 1.3771 SL 1.3719 P1= 1.3791 P2= 1.3804 As you can see, the EURUSD was a good call. Both profit targets were reached … [Read more…]

Wd., Mar. 5 end of day result: +7 pips

The USDCAD reached the first profit target and bounced back up. The stops for the remaining 2 units were moved to 1.1063 and they were filled. Thus the result for this trade was +17-5-5 = +7 pips The EURUSD order was cancelled later on.

Tu., Mar. 4 end of day results: -21 pips

The remaining positions that were open on Monday hit their stop loss orders overnight for a total profit of +52 pips on top of the 85 pips made on Monday. Today’s trades were closed with the following results: EURUSD: total loss of -114 pips USDJPY: total profit of +41 pips The total results for today is +52 -114 … [Read more…]