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Monthly Archives: August 2012

4 Trades Today. 3 Winners 1 Loser 162 Pips Profit.

First trade of the day was a Euro Dollar long trade for 78 pips. I know i said that i was only looking for shorts today, but this set up was very nice, and off a key level so i took it. Entry was at 12502 exit was at 12580.

I then took a short trade on Euro Dollar at 12585 which initially went into profit but turned against us and unfortunately we got stopped out for a 20 pip loss. We do get losing trades occasionally, we are not perfect. Yet. 🙂

The next trade i took was another Euro short at 12632 which we closed at 12565 for 67 pips profit.

We also took and AUD long at 10286 and closed at 10323 for 37 pips.

So 4 trades today 3 winners and 1 loser 162 pips profit. Great end to the week.

Total pips for the week is 317.

Have a great weekend all. I know i will. 🙂

3 Trades Today. 105 Pips Profit.

Funny old day today. Not much happening at all until around 5pm UK time and then the sell off began. I said earlier in the week that i would be looking for shorts this week as i thought the expected QE would not happen, and the word on the street today is that its not going to happen tomorrow, if at all. So i am expecting another sell off again tomorrow.

Our first trade was a Euro short entry at 12555, we closed that out at 12490 for 65 pips. Our second trade of the day was an AUD long trade. Our entry was at 10281 and our exit was at 10301 for 20 pips. Out third trade was cable long at 15772 and we closed that at 15792 for 20 pips profit on that one also.

So 3 trades today, all winners and 105 pips profit. A nice days trading today. We waited a long time for the move, but when it came we took advantage of it. If the market does not move, we cant make any money i am afraid.

This is how we trade, if the market is not moving you just sit and wait. My high probability Forex strategy teaches you to be patient and only trade when the odds are in your favor. If you want to learn how to trade this way, please check out my Forex training and mentoring program.

I am expecting a volatile afternoon tomorrow, and i hope we can get some good trades. What started off as a pretty low key week could turn into a nice little earner. If you are trading tomorrow, please be careful and tighten up your stops, as we could see some fireworks. I doubt i will be trading until after the news tomorrow afternoon. Have a great trading day everyone.

Two Trades Today 39 Pips.

Another pretty quiet day today, looks like everyone is waiting for the Fed on Friday. Managed to get a few small trades though. AUD long at 10357 out at 10380 for 23 pips. Euro short at 12543 closed at 12527 for 16 pips. Its very hard this week, as the market is so quiet. Hopefully we will be back to normal once Friday is out of the way.

Thursday is usually a decent trading day, so i am hoping for a nice trade tomorrow. We are just ticking over at the moment and banking pips as and when we can. You cant afford to be greedy at the moment with such thin liquidity, and any bit of news is moving the market. We don’t want to get caught on the wrong side of some news.

If you are trading tomorrow, have a great day. 🙂

No Real Set Ups Today. Took 1 Euro Short Trade for 11 Pips.

Another quiet day today. Euro rallied a bit on the back of expectations that Draghi is going to pull a rabbit out of the hat, and the Fed are going to announce QE this week. None of which i believe is going to happen. Took one short trade today. Entry at 12560, closed at 12549 for 11 pips. I am looking for short set ups this week as i think Euro Dollar is going to tank at the end of the week, when we don’t get QE or a rabbit from Draghi. 🙂