As with anything you do in your life, you gotta have bad days. Although today was not a really bad day but it was not good. That’s for sure. The morning trade hit stop loss for a loss of -135 pips. The trade on news hit both profit targets and was closed with profit of +107 … [Read more…]
EURUSD news trade
Buy 1.3783 Sell 1.3748
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