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

Th., May 29 Trades & Results (+66 pips and counting)

May 29, 2014 at 9:20 am

The European banks are closed today and therefore we did not open any new trades today. We did attempt to trade the USDCAD on the news releases but the price did not move much.

We are still holding our short position in GBPUSD.

Our EURJPY and USDJPY positions opened yesterday reached their respective first profit targets at night for a total profit of +66 pips (see the charts below)

EURJPY Forex trade may29

USDJPY forex TRADE MAY29

 

Wd., May 28 FX signals & trades (+56 pips and counting)

May 28, 2014 at 11:18 pm

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 GBPUSD trade from Monday has reached its second profit target today bringing +56 pips more to the total profit. We are still short the pair with one more unit. The current stop-loss is at 1.6751 (see the chart below).

GBPUSD may28

Tu., May 27 end of day results (+36 pips and counting)

May 28, 2014 at 8:01 am

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 units is at 1.6781 (see the chart below):

GBPUSD forex trade may27

Tu., May 27 Forex signals

May 27, 2014 at 10:34 am

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 not trade if you cannot watch it closely):
USDCAD Sell 1.0831 SL 1.0852 P1= 1.0811 P2= 1.0803
USDCAD Buy 1.0852 SL 1.0829 P1= 1.0872 P2= 1.0882

Fr., May 23 Forex signal and trade

May 24, 2014 at 8:37 pm

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 chart below).
USDCAD FX trade

Fr., May 16 End of day results +20 pips

May 16, 2014 at 3:19 pm

The GBPUSD reached its first profit target precisely but did not advance any further. We closed the remaining two units at break even. Therefore the total profit for this trade is +20 pips.

GBPUSD May16 trade