We have shorted EURJPY and USDJPY today. See the signals below: From: Dave Hughe <plainfx@gmail.com> Date: Wed, May 28, 2014 at 7:36 AM Subject: May 28 To: USDJPY Sell 101.69 SL 102.11 P1= 101.51 P2= 101.36 EURJPY Sell 138.57 SL 139.41 P1= 138.17 P2= 137.71 USDCAD Sell 1.0832 SL 1.0881 P1= 1.0803 P2= 1.0786 The … [Read more…]
Later during the day we shorted GBPUSD (see the signal below): From: Dave Hughe <plainfx@gmail.com> Date: Tue, May 27, 2014 at 10:52 AM Subject: New order To: GBPUSD Sell 1.6789 SL 1.6856 P1= 1.5753 P2= 1.6733 This trade has reached its first profit target (+36 pips). The current stop-loss order for the remaining 2 … [Read more…]
The banks were closed yesterday in the U.S. and in the U.K. Today is a quite day. We issued the following signal: From: Dave Hughe Date: Tue, May 27, 2014 at 7:49 AM Subject: May 27 To: There is no clear direction to the market and therefore there are no orders. The news trade (do … [Read more…]
The following signal had been issued on Friday: From: Dave Hughe <plainfx@gmail.com> Date: Fri, May 23, 2014 at 7:35 AM Subject: May 23 To: USDCAD Sell 1.0881 SL 1.0921 P1= 1.0861 P2= 1.0851 As the long weekend was coming, the trade has been closed at 1.0865 for a total profit of 45 pips (see the … [Read more…]
The signals issued today were not triggered. The following signals were issued at night: From: Dave Hughe <plainfx@gmail.com> Date: Thu, May 22, 2014 at 4:28 PM Subject: New orders To: NZDUSD Sell 0.8548 SL 0.8586 P1= 0.8528 P2= 0.8516 EURJPY Buy 139.03 SL 138.64 P1= 139.23 P2= 139.33 Technically, the EURJPY trade was not triggered … [Read more…]
1. The GBPUSD trade from Mo., May 19 was closed today with the total profit of +91 pips, see the chart below: 2. The GBPUSD trade open on May 20 got closed today with a total profit of +56 pips, see the chart below: 3. USDCAD missed the profit target #1 by 3 pips. We … [Read more…]
This morning we bought USDCAD: From: Dave Hughe <plainfx@gmail.com> Date: Wed, May 21, 2014 at 7:29 AM Subject: May 21 To: USDCAD Buy 1.0919 SL 1.0869 P1= 1.0944 P2= 1.0984
At night the first profit target for the GBPUSD was filled. The morning signal is shown below: From: Dave Hughe <plainfx@gmail.com> Date: Tue, May 20, 2014 at 6:54 AM Subject: May 20 To: GBPUSD SL for the remaining 2 units: 1.6798 EURUSD Sell 1.3674 SL 1.3712 P1= 1.3652 P2= 1.3627 At night there were two … [Read more…]
On Monday, May 19 the following signals issued: The EURUSD and GBPUSD orders were filled. The USDCHF trade had been cancelled later on. The prices did not change during the day, therefore both these trades were carried over the night.
Answer by Dave Hughe: The major part of investing and trading is money management. If you don’t mind losing all your money and even more if you trade on margin, then you don’t need stop loss orders. On the other hand, if you want to control your risk, stop loss orders are a must.