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Monthly Archives: September 2012

3 Trades For Yesterday And Today. 173 Pips Profit.

Forex Markets are slowly getting back to normal this week. We had 2 nice trades yesterday. The first trade was a Euro long trade at 12993, exit was at 13027 for 34 pips. We then took a Euro short at 13073 and closed this morning at 12960 for 113 pips.

Today we took AUD long at 10378 and closed at 10404 for 26 pips. If we has have held onto the AUD trade we could have taken another 20 pips out of it, but there was some strong downward pressure in the market so we decided to play it safe. Id rather bank 20 odd pips than risk the trade turning against us.

We are starting to get some good set ups now. When the markets settle down a bit we should get a lot more good trading opportunities.

Trading Update.

Hi guys the Forex markets have been a bit subdued the last couple of days. The Dollar has recovered a little bit from last week, seeing AUD and Euro weaken. Cable has been trading sideways for 2 days so no trades on that one for us. EJ has come off a bit, but its just been announced that the Bank Of Japan are considering additional easing of their currency so that should see a pop in Yen pairs. I did say this was a strong possibility a couple of weeks ago and warned against taking short positions on EJ.

Not much happening trades wise yesterday. We did take a small short on AUD for 12 pips profit but that was it for yesterday.

Today we took AUD long at 10415 and closed at 10450 for 35 pips, and that was about it. Markets are very hard work at the moment so I hope things change soon. We are still making good pips on a weekly basis, so i hope tomorrow brings us a good trading day.

If you are in the markets tomorrow, have a great day. 🙂

2 Trades Today 79 Pips Profit

Not a brilliant days trading today. Dollar weakness saw all my pairs rally today. We did not see any qualified long set ups, which was a shame, but we did get 2 short trades.

The first trade was a Cable short trade for 38 pips. Entry was at 16236, exit was at 16298.

The second trade of the day was a Euro short for 41 pips. Entry was at 13144, exit was at 13101.

The total pips for the week are 211.

I always set myself a target of 100 pips profit per week. The last few weeks have been very good trading and we have exceeded that by a long way. I am sure we will see more qualified trades next week and have another good week. I am looking forward to it.

Have a great weekend everyone. 🙂