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Tag Archives: markets

Trading Update For This Week, Including 2 Live Recorded Trades.

Trading Update For This Week, Including 2 Live Recorded TradesThis is the last trading update for a couple of weeks as i am away on holiday.

Its a short week this week as i have only taken one trade today, and will not be trading tomorrow as i will be traveling. I still managed to get over 200 pips for the week though, so its not too bad considering.

Here is the update.

Monday i took 2 trades for 43 pips total. I took Euro Dollar short at 13085 down to 13065 for 20 pips, and Dollar Cad short 10219 down to 10196 for 23 pips.

Tuesday was a bit better day, i took 3 trades for 84 pips in total. Euro Yen short at 12901 down to 12881 for 20 pips. Euro Dollar short at 13144 down to 13120 for 24 pips. And Euro Yen short again at 12898 down to 12858 for 40 pips. I recorded the Euro Dollar short trade, the recording can be seen here.

Yesterday was OK, with 3 trades for 54 pips. I took Euro long at 13117 up to 13137 for 20 pips. I took cable long at 15224 up to 15236 for 12 pips. And i took Euro long at 13037 up to 13059 for 22 pips. This trade was also recorded, and the recording can be seen here.

Today i only managed one trade as i have been busy with packing and stuff for my holiday. The trade was Euro dollar long at 13046 up to 13072 for 26 pips.

Total trades for the week 9. Total pips 207.

I am now on holiday until the 1st of May. I will be answering emails and phone calls, but i will not be trading.

Have a great couple of weeks folks, and if you are trading the markets take care. I will catch up with you all when i get back. 🙂

Trading Through The Fiscal Cliff.

After a nice Christmas break i came back to the charts yesterday to see if i could make some easy money before the year end.

Trading Forex though holiday periods can be tricky, as the markets can be very volatile and unpredictable due to the lack of volume. These tricky trading conditions are further compounded by the fiscal cliff worries, so we are seeing some pretty big moves up and down for no particular reason, so you have to be very vigilant with your trading this week, to make sure you are not on the wrong side of these moves.

I am still relaxing from my holiday so i am not really looking for trades at the moment, but i did pick a couple up yesterday on Cable. First trade was Cable short at 16195 down to 16173 for 23 pips. We then had a Cable long trade at 16068 up to 16107 for 39 pips.

Today we had another 2 trades this time on Euro. First trade was Euro long at 13166 up to 13190 for 24 pips. We then entered long again at 13175 up to 13204 for 29 pips.

I am finishing now for an early weekend. I will be trading next week, but things will not be back to normal until the week after. If you are in the markets next week tread carefully, and don’t fall over the fiscal cliff. 🙂

Happy New Year to everyone.

Greek Deal Done. Now We Can Get Back To Making Some Money.

Monday was a bit of a write off. The markets were waiting for the Greek deal all day so we had very little in the way of trading opportunities.

We did close a short on EJ that we put on on Friday at 10672. We closed that at 10640 for 32 pips. That was it really for Monday.

Now the Greek deal is out of the way, the markets returned to some form of normality.

Today we took EJ short again at 10695 and closed at 10650 for 45 pips.

We also took Euro short at 12990 down to 12960 for 30 pips.

We also closed out of a Euro short that we opened on Friday for 20 pips.

Decent day today but the markets are far from back to normal, so trading is very hard work at the moment.

I Love Price Action Trading. 90 Pips Profit Today. :-)

Quick update on the trades we have taken since Monday.

Tuesday we did not get a good trading opportunity so we did not trade. Unusual for a Tuesday, but if the trades are not there we do not trade.

Yesterday we took AUD short at 10373 down to 10347 for 26 pips.

Today we took Euro long at 12840 up to 12888 for 47 pips.

We also took EJ short at 10648 down to 10626 for 22 pips.

We also took Euro short at 12888 down to 12868 20 pips.

Decent day today. The price action has been good today. Hoping for more tomorrow, but its thanksgiving holiday in the US so markets may be a little quiet.