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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…]

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…]

USDJPY position got open today and remain open as the price is range bound. Cancelled NZD and CAD orders

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

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

USDCHF Sell 0.8874 SL 0.8904 P1= 0.8854 P2= 0.8842

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…]

Friday is always a short day for me. All positions are closed with the following results: EURUSD: stop loss triggered at 1.3719 for a total loss of – 69 pips EURJPY: P1 and P2 were hit nicely, the SL for the third unit was moved to P1 and got filled there. The overall result of … [Read more…]

EURUSD SL moved to 1.3719