The price had drifted down just before the news release, which triggered my sell stop. But there was no real move in price on the news and therefore no reason to hold this position any longer. So, I got out at the break even point.
Dec. 5, trading on news
GBPUSD Buy 1.6366 Sell 1.6339
Dec. 4, Trade on news results: +178 pips
EURUSD: nice round profit of +100 pips USDCAD: profit of +78 pips Total profit from these 2 trades: +178 pips
Dec. 4, news release orders
EURUSD Buy 1.3607 Sell 1.3577 USDCAD Buy 1.0665 Sell 1.0638
Trading news in Forex
I just showed you how I made a quick 182 pips of profit in a matter of minutes on Australian GDP news release. There are big news coming out for USD and CAD tomorrow morning. If anyone is interested how I trade news events in Forex just comment on this post. Feel free to ask … [Read more…]
Dec. 3 end of day results: +89 pips
USDCAD +18 pips profit USDEUR -111 pips loss AUDUSD + 182 pips profit Total for the day: + 89 pips profit
Dec. 3 new orders
AUDUSD news playBuy 0.9147 SL 0.9109 P1= 0.9163 P2= 0.9178 Sell 0.9124 SL 0.9145 USDCAD Sell 1.0634 SL 1.0658 P1= 1.0616 P2= 1.0603
Protect your forex account!
Big losses will ruin your forex account! Just don’t let them happen. You can’t make money trading forex unless you control you losses. And the only way to protect yourself from big losses is to use Stop Loss orders. A stop loss order is a simple Buy Stop or Sell Stop order, which you use … [Read more…]
Dec. 2 end of day results
GBPUSD P1 was filled for 16 pips profit, 2 more positions are still open SL 1.6367, which if hit will make this trade a break even USDCAD and EURUSD are still open
USDCAD Buy
USDCAD Buy 1.0646 SL 1.0618 P1= 1.0664 1.0684