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Tag Archives: long

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. 🙂

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.