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



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

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
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

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
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).

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

Fr., May 16 Forex signal

May 16, 2014 at 10:05 am

None of the trades were triggered yesterday. Today we went long GBPUSD, see below:

FX signal May 16

Wd., May 14: A lot of Pips!

May 14, 2014 at 9:51 pm

A lot of Pips! – that is the message we received today from one of our subscribers in Europe. He traded the GBP news release today the way we teach at Plain Forex Trading. Way to go!

We did not trade these news as they were released at 4:30 am EST.

None of our signals were triggered yesterday or today. Tomorrow we might trade the USD and/or CAD news releases in the morning.