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Tag Archives: pips

2 Nice High Probability Trades Today. 79 Pips Profit.

We could have had a handful of trades today but for one reason or another we did not get the correct set up. Today was a good trading day, i am a little miffed that we did not get more pips in the bank, but i only take high probability trades and if my targets do not get hit then i cannot take the trade im afraid.

Its frustrating sometimes when this happens but you have to try and forget about it and move on to the next opportunity.

I will give you an example of what i mean. I had been waiting for a long trade to set up since last Thursday on EJ. We nearly got what we were looking for yesterday afternoon but the price bounced off a support level around 15 pips from my entry and scuppered the trade. I called it a day at around 10.30 yesterday evening to watch some TV, as the markets were a little quiet moving into the Asian session. I checked the charts again at around 11.15 and saw that EJ had pushed down 45 pips to within 3 pips of my entry in the space of half an hour, and proceeded to shoot back up 100 pips over the next 3 hours. So i was not a happy bunny going into today. 🙁

Anyway, I did make up for it with 2 nice trades today for 79 pips profit.

First trade of the day was Cable long at 15996 up to 16030 for 34 pips.
Second trade was EJ short at 11500 down to 11455 for 45 pips.

As i said we could have had a few more nice trades today but my levels did not get hit so i could not take the trades. Oh well tomorrow is another day, with more opportunities for pips. 🙂

Trading Update For Yesterday. 3 Trades 178 Pips Profit.

We had good days trading yesterday, the strong dollar produced some nice opportunities.

First trade of the day was Cable long at 16016 up to 16051 for 35 pips.

We also had AUD long at 10397 up to 10475 for 78 pips.

We also had Euro long at 13015 up to 13080 for 65 pips.

Trading has still been very light this week with the holiday period, but next week we should be back to normal, so i will be starting the weekly updates from next week.

We have had some good trades over the holiday period, but i am looking forward to things getting back to normal. We are going to have a great year this year and i cant wait. 🙂

If you want to get your trading year off to the best possible start you need to have a complete understanding of price action trading, I can teach you that. For more information on price action Forex trading please see my Forex training course here.

First Trade Of The New Year 20 Pips Profit.

Well Christmas is out of the way, the new year is here. The fiscal cliff worries are temporarily on hold, and i am a happy bunny. 🙂

I am not a big fan of this time of year to be honest. I am at my happiest when i am making money, and Christmas just gets in the way of that in my opinion. Bah humbug. 🙂

Really strange day’s trading today. The deal on the fiscal cliff was done late last nite, and nothing much happened to the markets until the Asian session kicked off, and then all hell was let lose. I got up this morning to find that the dollar had significantly weakened and equities had gone through the roof.

I am not complaining though my stocks portfolio is looking significantly healthier today than it was yesterday.

OK back to today’s trading. First trade of the day was AUD short at 10495 down to 10475 for 20 pips. Nice start to the new year. Next trade of the day was Euro short at 13270 down to 13204 for 66 pips.

Third trade of the day way Euro long at 13157 which we are currently plus 20 pips on.

The Euro should come back a bit, but i am expecting another down day tomorrow. The Euro should go down to around 13075 to 13080 at some point. Have a great days trading.

Trading Update.

Quick trading update.

Yesterday we took EJ short at 10640 down to 10612 for 28 pips.
We also took Cable short at 10690 down to 10666 for 24 pips.

Today we took EJ long at 10660 up to 10696 for 36 pips.
We took Cable long at 16082 up to 16109 for 27 pips.
We also took Cable short at 16113 down to 16100 for 13 pips.

FOMC tomorrow so we may see some action. Have a great trading day. 🙂