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: short

Recording of a Price Action Short Trade on Euro Dollar Tuesday 16th April.

Price Action Short Trade on Euro DollarHere is a new recording of a high probability trade that i took this afternoon on Euro Dollar.

Please excuse my presentation skills as this is only the second time i have made a recording of a trade, so i am pretty bad at it at the moment. 🙂

I don’t like recording my Forex trading, but a few people have asked me to do this so i am giving it a go.

This trade is a short trade on Euro Dollar that netted me 24 pips.

I hope you enjoy the recording.

If you want to learn more about what i do please drop me an email or give me a ring.

Have a great trading day. 🙂

Lovely Price Action Trading Today. 3 Trades 119 Pips Profit.

We had some nice price action trading set ups today.

First trade of the day was EJ long at 11933 up to 11963 for 30 pips.
Next trade was Euro short at 13389 down to 11343 for 46 pips.
Last trade EJ long at 11889 up to 11932 for 43 pips.

Markets have gone a bit quiet now, so i will be calling it a day. I have a nice target on Cable for tomorrow that will hopefully get filled. I will keep you posted.

Have a great trading day.

Goldman Sachs Says Buy Euro Dollar To 137.

The Euro Dollar rallied strongly yesterday on the back of a buy recommendation from Goldman Sachs, with a price target of 137. This buy recommendation came about an hour after a sell recommendation from another broker at 13270 targeting 12950. I cant remember who it was that made the sell recommendation but it played nicely into the hands of Goldman who i am sure were accumulating long positions on the back of it.

This is why i don’t trade news. You could have got caught out big time yesterday if you were shorting down to 12950.

Euro dollar has rallied significantly in the last 2 days so i am expecting a bit of a retrace late Monday or early Tuesday. We may take out yesterdays high on Monday before a retrace is seen though, so don’t go short until you have a clear reversal signal.

OK, trading update for the last 2 days.

Thursday we had 2 trades. First trade was Cable short at 16066 down to 16051 for 15 pips. We also had another Cable long trade at 16036 up to 16096 for 60 pips.

Yesterday we had 3 trades. First trade was Euro short at 13283 down to 13253 for 30 pips. Next trade was Cable long at 16109 up to 16151 for 42 pips. We then took Cable short at 16151 down to 16103 for 48 pips.

Update for the week as follows. 13 trades. 401 pips profit.

Nice start to the new year. 🙂

If you want to get your Forex trading year off to the best possible start, please see my Forex training course here.

Trades For Yesterday And Today. 6 Trades 127 pips profit.

Just a quick update on the trades we have taken yesterday and today.

Yesterday we had 2 trades.

First trade was AUD short at 10506 down to 10477 for 29 pips.
Second trade was EJ short at 115.14 down to 115.03 for 11 pips.

Today we had 4 trades.

Cable long at 16077 up to 16096 for 22 pips.
We then had Euro short at 13125 down to 13100 for 25 pips.
We also had Euro long at 13070 up to 13090 for 20 pips.
Final trade of the day was Cable long at 16035 up to 16055 for 20 pips.

Not massive pips, but good solid high probability trades. Hoping for more tomorrow. 🙂

Have a great trading day.