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June 7, 2014 at 12:01 am

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Forex Trading Strategy

June 6. End of Week Trading Results: +210 pips (Total: +3,766 pips)

June 6, 2014 at 10:50 am

The up to date Forex trading results since the start of this blog are as follows:
Week 1: +231 pips
Week 2: – 19 pips
Week 3: +415 pips
Week 4: +366 pips
Week 5: +137 pips
Week 6: +150 pips
Week 7: + 220 pips
Week 8: +155 pips
Week 9: + 23 pips
Week 10: –149 pips
Week 11: +465 pips
Week 12: +126 pips
Week 13: + 50 pips
Week 14: +306 pips
Week 15: +201 pips
Week 16: + 11 pips
Week 17: +325 pips
Week 18: + 80 pips
Week 19: –133 pips
Week 20: +380 pips
Week 21: – 32 pips
Week 22: + 66 pips
Week 23: –144 pips
Week 24: +218 pips
Week 25: -109 pips
Week 26: + 51 pips
Week 27: +166 pips
Week 28: +210 pips

Total: +3,766 pips

Fr., June 6. End of day trading results

June 6, 2014 at 10:43 am

We closed all positions and are going flat into the weekend.

The total trading results today were as follows:

1. AUDUSD: we closed the 3rd unit today with the profit of +45 pips. The whole trade is shown on the chart below:

AUDUSD trade Jun6

2. GBPUSD trade opened yesterday reached both profit targets and the trailing stop for 3rd unit was hit for a profit of +12 pips. The total profit for this trade was +22 +34 +12 = +68 pips

GBPUSD trade profit

3. GBPUSD: the half-position size trade opened today hit its stop loss at 1.6814 for the total loss of -39/2 = -20 pips. As you can see in the chart below, this was a pretty close call but not quite.

GBPUSD loss

Fr., June 6. Today’s trades updates

June 6, 2014 at 10:24 am

Today we opened a new long half-size position in GBPUSD (see the previous post). This trade did move up but stopped just 3 pips short from our first target and reversed. The stop-loss orders were adjusted and the USDCAD trade cancelled:

Close AUDUSD

GBPUSD SL

Fr., June 6. Forex signals and trades

June 6, 2014 at 9:38 am

Today we sent to our subscribers the following signals:

From: Dave Hughe <plainfx@gmail.com>
Date: Fri, Jun 6, 2014 at 6:21 AM
Subject: June 6
To:

Both these trades go in the same direction. Use 1/2 position size for each.

GBPUSD Buy 1.6827 SL 1.6798 P1= 1.6847 P2= 1.6857

USDCAD Sell 1.0904 SL 1.0963 P1= 1.0883 P2= 1.0866

June 5 End of Day Trading Results: +152 pips

June 5, 2014 at 7:30 pm

We traded 3 currency pairs today:  EURUSD, AUDUSD and GBPUSD. The total result of all closed trades today is +78 +52 +22 = +152 pips of profit. See the details below:

1. EURUSD short position: the 3rd unit got stopped out at -4 pips. The total result of this trade is the profit of +78 pips (see previous posts)

2. AUDUSD long position: reached both profit targets. The third unit is still open with the stop-loss at 0.9324. The total result of this trade so far is +52 pips. See the chart below:

AUDUSD trade Jun5

3. GBPUSD long trade: the first profit target had been reached. We are still holding 2 units with stop-loss orders at 1.6788. The total result of this trade so far is +22 pips of profit. See the chart below:

GBPUSD trade June 5

Th., June 5. EURUSD dropped like a stone today. Our Profit: +82 pips and counting

June 5, 2014 at 9:01 am

The EURUSD dropped over 100 pips today in less than an hour. Both profit targets were reached in our EURUSD short trade that we were holding since yesterday (see the previous post). We are still holding the 3rd unit to capitalize on the continuation of the downtrend.

This is how our EURUSD trade looked on the chart today:

Forex EURUSD short trade June 5

Wd., June 4 Forex signal

June 4, 2014 at 7:35 pm

Today we went short the EURUSD (see the actual signal below). Right now the price is hovering over our entry point and we are holding this trade overnight.

Feel free to ask questions or comment.

From: Dave Hughe <plainfx@gmail.com>
Date: Wed, Jun 4, 2014 at 6:52 AM
Subject: June 4
To:

EURUSD Sell 1.3597 SL 1.3656 P1= 1.3566 P2= 1.3546

Tu., June 3. Trade results: +45 pips

June 4, 2014 at 9:05 am

Our GBPUSD trade proved to be a winner. Both profit targets were reached overnight. The stop-loss has been adjusted in the morning and later triggered. The total profit from this trade is +45 pips:

GBPUSD Forex trade June 3

Tu., Jun 3 Forex signals and trades

June 3, 2014 at 7:33 pm

The EURJPY trade hit a stop-loss overnight and resulted in a break even. Oh, well! I will take break even over the loss on any day of the week.

Today the signal was to short GBPUSD, which we did and we are going to hold this position overnight:

GBPUSD Sell 1.6737 SL 1.6803 P1= 1.6715 P2= 1.6705