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Tag Archives: trades

Trading Update – The markets are not being very kind at the moment.

The markets are not being very kind at the moment, but we are still holding our own.

Yesterday we took 2 trades. First trade of the day was AUD short which we closed for a 5 pips loss. Yes you heard me right. I had a losing trade yesterday. I took a nice set up short on AUD which looked very promising until the Euro dollar and Cable dollar suddenly spiked to the upside. I had typically lost my news feed, which does not happen very often, so i quickly closed my trade in case there was some price sensitive news released. The AUD quickly followed the other dollar pairs to the upside by around 20 pips and then over the next couple of hours came back to what would have given me a nice 20 pip profit. 🙁

On the plus side of that spike, my pending short order on Euro got hit at 13070 which we shorted down to 13047 for 23 pips profit.

Today we had a much better day. We took 3 trades.

First trade of the day was EJ long at 10694 up to 10624 for 30 pips.
Second trade was Cable short at 16123 down to 16093 for another 30 pips.
We also took AUD short at 10477 which we closed for 5 pips. That trade did not really play out as i expected, so i closed it. AUD has been pretty strong all day due to the interest rate cut that was announced in the Asian session.

I think we will have a good day tomorrow. I am expecting some decent moves. 🙂

Some Nice Moves Yesterday And Today Producing Some Nice Trades

Here is a trading update from yesterday and today.

After a pretty quiet start to the week we had some nice moves yesterday and today, which produced some nice price action and some good trades.

Yesterday we took 3 trades.

First trade was Cable short at 16014 down to 15975 for 39 pips.
We then took AUD JPY long at 85.41 up to 85.61 for 20 pips. We don’t normally trade this pair but i was just flicking through the charts and i saw the set up so i took it. Pips are pips at the end of the day no matter how you get them they all add up. 🙂

Third trade of the day was Cable long at 15965 up to 15996 for 31 pips.
We could have taken a similar trade on the Euro but the set up was not as good so we decided on Cable.

Today we took 3 trades.

Euro short at 12992 down to 12945 for 47 pips.
We also took Cable short at 16048 down to 16016 for 32 pips.
We also took AUD long at 10429 up to 10439 for 10 pips.

I will give you a little trade for later today, or early tomorrow if it hits. AUD long at 10388. I have set a limit order at that level to buy AUD. As i am more than likely going to be asleep when this hits, and i will not be able to manage it, i am setting a 20 pips take profit on the trade. This should be a nice start to the day.

Friday Trading. Dollar Weakness Sees Cable And Euro Rally.

Dollar weakened significantly yesterday which saw Euro and AUD rally, and Cable made a significant and aggressive move to the upside yesterday afternoon.

We took 4 trades yesterday first trade of the day was AUD short at 10415 down to 10395 for 20 pips.
Next trade was Cable long at 15930 up to 15875 for 45 pips. I would like to say that we held Cable all the way up to the highs but unfortunately that was not the case. The Cable move was completely out of the blue and was obviously bulled by stops getting hit. There was pretty low volume yesterday because of the holidays so the move up caught everyone out.

We did add a couple of short positions to Euro and Cable at the highs. We closed out one Euro trade for 9 pips profit, and a Cable trade for 12 pips profit.

We still have 2 trades that are being rolled over as they are slightly out of the money, but we should see them come back into a nice profit early next week. I may add to these positions on Monday if we get another move up, as i think the Euro and Cable are due a retrace next week.

Total trades for the week are 10, total profit 269 pips. Not as good as last week, but still OK. 🙂

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.