Wd., Dec. 18 trading strategy for today
The US Building Permits data comes out at 8:30am but most likely it will not move the price much because the FOMC is going to release its Economic Projections and make a statement at 2pm plus they are going to hold a press conference at 2:30pm. The bias for the EURUSD price is down therefore I … [Read more…]
Tu., Dec. 17 end of day results (+85 pips)
I didn’t have time to trade today and therefore just managed my open positions in USDJPY. Both profit targets were reached and then the price bounced back triggering the stop loss for the third unit, which was moved to the P1 level. The total profit from this trade was 24 + 37 + 24 = 85 … [Read more…]
Mon., Dec. 16 end of day results
USDJPY position got open today and remain open as the price is range bound. Cancelled NZD and CAD orders
USDCHF overnight trade update (+20 pips profit so far)
USDCHF overnight trade: the first profit target was hit and the price stopped 2 pips shy of the second target. I moved SL to break even and changed the P2 to 0.8831
Dec. 16 morning orders
USDJPY Sell 102.89 SL103.21 P1= 102.65 P2= 102.52 USDCAD Sell 1.0569 SL 1.0506 P1= 1.0545 P2= 1.0525 NZDUSD Sell 0.8239 SL 0.8275 P1= 0.8223 P2= 0.8206
Su., Dec. 15
USDCHF Sell 0.8874 SL 0.8904 P1= 0.8854 P2= 0.8842
Dec. 13 end of week results: +366 pips (total: +993 pips)
Another good profitable week with every day closed in the money. Even small profits go long way contributing to your account size and building confidence. The daily results were as follows: Mo. + 81 pips Tu. + 76 pips Wd. + 130 pips Th. + 56 pips Fr. + 23 pips The total for the week is +366 pips of profit. … [Read more…]