Unlike the securities and futures markets, the foreign exchange market is not controlled by any central governing body. There are no clearing houses and arbitration panels. All members trade with each other based on credit agreements. At the same time, the reputable retail Forex dealers and brokers are licensed and regulated as providers of financial … [Read more…]
None of our signals was triggered today.
Our NZDCAD trade reached first profit target and the remaining 2 units were stopped at the break even price (see below): NZDCAD Sell 0.8436 SL 0.8456 P1= 0.8416 P2= 0.8403
Yesterday we broke even. Today’s signal was to short NZDCAD: From: Dave Hughe <plainfx@gmail.com> Date: Tue, Jun 23, 2015 at 5:56 AM Subject: June 23 To: NZDCAD Sell 0.8436 SL 0.8456 P1= 0.8416 P2= 0.8403 So far so good. The fist profit target has been reached making +20 pips of profit. The stop-loss orders for the … [Read more…]
We sold short the NZDUSD pair today: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Jun 22, 2015 at 6:00 AM Subject: June 22 To: NZDUSD Sell 0.6878 SL 0.6916 P1= 0.6865 P2= 0.6852 Currently the stop-loss orders have been moved to 0.6877, which is the break even point: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Jun 22, 2015 … [Read more…]
The total trading result for this week is +101 pips of profit.
The USDJPY short trade made +35 pips of profit today. We updated the stop-loss orders to 122.73 and they were triggered: From: Dave Hughe <plainfx@gmail.com> Date: Fri, Jun 19, 2015 at 10:38 AM Subject: USDJPY SL 122.73 To: On the chart this trade looked like this: USDJPY Sell 122.79 SL 123.11 P1= 122.56 P2= 122.43 … [Read more…]
Our signal triggered today was to sell short USDJPY: From: Dave Hughe <plainfx@gmail.com> Date: Fri, Jun 19, 2015 at 9:14 AM Subject: New order To: USDJPY Sell 122.79 SL 123.11 P1= 122.56 P2= 122.43 As you can see, so far it has reached the first profit target. The stop-loss orders for the remaining units are … [Read more…]
We did not trade yesterday. Today’s signal was: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Jun 18, 2015 at 5:59 AM Subject: June 18 To: AUDJPY Buy 96.02 SL 95.49 P1= 96.22 P2= 96.48 This trade was closed at the break even point.
There were no clear trading signals today, hence we refrained from trading.