Show Buttons
Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkdin
Share On Pinterest
Share On Reddit
Share On Stumbleupon
Hide Buttons

Tag Archives: profit

Thursday And Friday Trading.

We have had a couple of good days trading. As i mentioned yesterday we had a nice trade on EJ that triggered in the Asian session.

We went short at 10382, and closed at 10339 for 43 pips. I don’t generally like setting trades up while i am not at the PC, as i like to manage them rather than set entries and take profits, as the market is constantly changing, and i like to take full advantage of the situation. But this trade was too good an opportunity to miss so i set a pending short order with my broker, which i then managed Thursday morning.

We also had an AUD short yesterday. Another great entry at 10404 and which we shorted down to 10368 for 36 pips profit.

Today we took another EJ short at 10349 down to 10327 for 22 pips. It was a bit of a quiet day today. I expected a bit more volatility than we had, but we managed to get another trade in on Euro, short at 10363 down to 10318 for 45 pips.

Another good week of trading for us. We took a total of 16 trades for 301 pips. Which averages out at just over 18 pips per trade.

We set ourselves a target of 100 pips profit per week, but we always exceed that. We have made some good money this week, long may it continue. 🙂

US Holiday Trading. 2 Trades Today 60 Pips Profit.

Today was a bank holiday in the US so there was very little activity in the US trading session today.

We managed to get 2 nice trades this morning though, for 60 pips profit.

The first trade was a Euro Dollar long entry at 12939, the exit was at 12973 for 33 pips.

The second trade of the day which was almost the same time as our Euro trade was EJ long at 10121, exit at 10148 for 27 pips.

We also had a long on Cable that got into 12 pips profit, but it did not move up when the Euro and EJ trade did so i closed it for a couple of pips profit as i thought it had further to go down, and it did, so its a good job i decided to close it when i did.

Cable looks like it has bottomed out now though so we should see a move up tomorrow, to take back some of the large move down. Longer term i am pretty bearish on Cable as it still has a long way to go down in my opinion.

We should see some decent trading tomorrow as the US will be back in the market, so hopefully we will get a couple of nice trades at least. Happy trading. 🙂 TFT7K9C4MJY5

Fridays Trades. Non Farm Payroll. 3 Trades 71 Pips Profit.

Yesterday was a typical non farm payroll day. All the pairs went sideways for around 15 hours, trading in a 20 to 25 pip trading range, until 1.30 UK time when the jobs numbers came out.

The numbers were a lot better than expected which saw the dollar weaken initially, and then strengthen significantly towards the end of the session.

As i said on Thursday i would be looking for short positions yesterday so when my pairs went up after the announcement i was very happy. The push up was a great opportunity to get some shorts on at a discounted price.

The short trade I put on on Thursday was rolled over until yesterday morning when i closed it for 6 pips profit. The reason i closed it is i did not want to be holding the trade when the news came out, as i expected the price to move significantly, and i did not want to get caught on the wrong side of the move. This turned out to be a good decision as Cable went up around 40 pips before it started to come down.

There was a great price action short set up on Cable which i took at 16210 which netted us 36 pips. I got out of the trade at 16174, which was a little early with hindsight as the next 3 hours saw another 50 pip move down. If it was a week day i would have probably held the trade for a little longer, but i did not want to carry the trade over the weekend so i banked a nice profit.

My other trade of the day was a Euro short at 13046. The trade went against me initially but came back to net me 29 pips profit.

I also had another 2 short entries on Euro and Cable that did not get filled unfortunately which would have netted some nice pips.

Total pips for the week 260.:-)

2 Trades Today 94 Pips.

Nice to see a bit of movement on a Monday for a change. Mondays of late have been very quiet. We took 2 trades today, both on Euro Dollar. The first trade was a short, and the second trade was a long. Our entry short was at 12967, and our exit was at 12911 for 66 pips profit. Our second trade was Euro long at 12902 up to 12930 for 28 pips.

We also had a possible AUD long trade but the price missed us by a few pips, and i don’t chase trades so we had to let that one go. It would have netted us around 40 pips if our buy order would have been filled.

I am very happy with 94 pips for a Monday though. Its nice to get a couple of decent trades on a Monday, and have a nice start to the week.

I am going to try and add some more content to the site this week if i get time. Some more articles for the new traders to help them along.

If you are trading tomorrow have a good day. 🙂