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Tag Archives: pips

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. 🙂

Weekend Trading Update. 14 Trades 463 Pips.

Weekend Trading Update. 14 Trades 463 PipsIts not been a great week trades wise. I have had to look at another 2 pairs this week to get my pips up a bit. I traded Ozzy Yen and Dollar Yen this week, along with my regular 4 pairs. I am going to start trading those 2 pairs full time from next week i think. So i will be trading 6 pairs in total.

It was a pretty quiet start to the week. Tuesday was a funny day again this week. That’s 3 weeks in a row now that i have struggled to get a trade on Tuesday. We did have a good end to the week though with some nice trades on Thursday and Friday.

Here are the trades i took this week.

Monday i took 2 trades for a total of 47 pips. I took Dollar Yen long at 9331 up to 9352 for 21 pips. I also took Euro Yen long at 11956 up to 11982 for 26 pips.

Tuesday i managed to get one little trade on Euro Dollar long at 12834 up to 12849 for 15 pips.

Wednesday i took 2 trades for a total of 69 pips. I took Cable long at 15102 up to 15140 for 38 pips. I also took AUD JPY long at 9703 up to 9734 for 31 pips.

Thursday was a good day. I took 6 trades for a total of 210 pips. I did get a loser on Thursday though on Euro Yen, which i closed for a 6 pip loss. I took EJ short at 12237 down to 12223 for 14 pips. I took it short again at 12254 down to 12244 for 10 pips. I also took Euro Dollar long at 12747 up to 12766 for 19 pips. I also took AUD long at 10386 up to 10433 for 47 pips. I also took EJ long at 12396 up to 12522 for 126 pips, this trade was closed automatically early Friday morning. My loser was EJ short at 12219 which i closed at 12225 for 6 pips loss.

Friday was another good day. I took 3 trades for a total of 122 pips. I took Cable long at 15200 up to 15238 for 38 pips. I also took EJ long at 12543 up to 12597 for 54 pips. I also took AUD long at 13055 up to 13085 for 30 pips.

Total trades for the week 14. Total pips 463.

If you want to learn how to trade with high probability please see my Forex training course.

If you are trading next week, have a great week. 🙂

Weekend Forex Trading Update. Cyprus Deal Done, Lets Make Some Money.

Weekend Forex Trading Update. Cyprus Deal Done, Lets Make Some Money.Well the Cyprus deal has been done, and the savers have been taxed, so hopefully next week we can make some money.

As i expected would be the case the account holders with deposits exceeding 100,000 euros have been taxed. Why upset the many when you can upset the few. It makes more sense to do it the way it has been done.

So now its out of the way, all as we need to worry about now is the rest of Europe. The Italian elections seem to be weighing on the Euro at the moment, so once that is sorted out we could have a bit of a rally in Euro, before the next sustained move down.

This week has been one of the worst weeks for trading i have seen of late. Monday was OK, Tuesday was pretty much a write off, and Friday was the same. No trading opportunities either Tuesday or Friday. A trade on EJ that i opened on Monday hit target in the Asian session, so that was officially a trade for Tuesday, but apart from that i had nothing.

Here are the trades i took this week.

Monday i took 3 trades for a total of 97 pips. I took EJ long at 12307 up to 12327 for 20 pips. I took it long again at 12033 up to 12090 for 57 pips. I also took Euro Dollar long at 12859 up to 12879 for 20 pips.

Tuesday i closed a trade automatically in the Asian session for 33 pips. It was an EJ trade that i opened long at 12111 up to 12144. Apart from that trade i had nothing.

Wednesday i took 4 trades for a total for 160 pips. I took EJ long again at 12055 up to 12575 for 20 pips. I also took Euro short at 12845 down to 12785 for 60 pips. I also took Euro long at 12756 up to 12776 for 20 pips. I also took EJ long at 12010 up to 12070 for 60 pips.

Thursday i managed 3 trades for 103 pips. I took EJ long at 11985 up to 12038 for 53 pips. I also took Euro long at 12757 up to 12777 for 20 pips. I also took Euro short at 12844 down to 12814 for 30 pips.

Friday i did not get a trade, this was mainly down to the fact that it was good Friday, and most traders were on holiday so the price action was non existent.

Total trades for the week 12. Total pips 393.

Weekend Update. Euro Rallies On Speculation Of Cyprus Resolution.

Weekend Update. Euro Rallies On Speculation Of Cyprus Resolution.The Cyprus problem is still with us, but Euro pairs rallied today on speculation that a resolution to the bailout problem would be forthcoming.

Discussions are currently on going and the latest word on the street, is that they will have a deal either tonight, or at some point over the weekend.

They need to find approximately 6 billion Euros for their share of the EU bailout proposal, and the idea of taxing bank deposits to get that money did not go down very well with the Russians, or Cypriot savers. So this i feel is the problem. They need to tax deposits in such a way as to keep the majority happy. I believe the solution will be to take a higher tax from the most wealthy individuals, thus upsetting a few that can well afford the tax, rather than hitting the many that cannot.

I have had a good trading week. I did get a losing trade on Euro Yen yesterday which cost me 30 pips, but i more than made up for that today with 3 Yen trades for 129 pips.

Here is the update for the week.

Monday i took 2 trades, both on Euro Dollar. I took it long at 12935 up to 12970 for 35 pips. I also took it short at 12993 down to 12950 for 43 pips.

Tuesday did not look at all promising at the start, and i did not think i would get a trade as the markets were going sideways in a pretty tight range. The price action was very poor. We did get a bit of movement late on, which gave me 2 long trades. I took Euro long at 12846 up to 12886 for 40 pips. I also took EJ long at 12186 up to 12250 for 64 pips.

Wednesday i had 3 little trades. One Cable long at 15039 up to 15070 for 31 pips. I also took EJ short 12392 down to 12362 for 30 pips. I then took EJ short again at 12445 down to 12414 for 31 pips.

Thursday i took EJ long at 12396 which i closed out at 12366 for a 30 pip loss. 🙁 I then took EJ long again at 12310 up to 12349 which gave me 39 pips. I then took it long again at 12274 up to 12311 which gave me 37 pips.

Losing trades are not nice, but they do happen from time to time, but if you have a good understanding of the markets you can quickly recover from a losing trade. It used to really bother me when i had losing trades, but because i have complete confidence in what i do, i know i can recover the lost pips easily.

Today was a good day. I could have had 300 pips plus today if i had held on to my long Yen positions, but at the time we were in a strong downtrend, and i thought it prudent to bank my pips just in case the Yen pairs continued the move down.

The first trade of the day was Euro Yen long at 12185 up to 12225 for 40 pips. This trade did go against me initially, but i was confident it would be a winning trade so i held onto it and added to it at 12156. I closed that position at 12225 for 69 pips. I also took at little trade on Dollar Yen at 94.30 which i closed at 94.50 for 20 pips.

Total trades for the week 13. 12 winners 1 loser. Total pips 449.

Don’t forget, if you want to learn how to trade Forex the right way, please consider my Forex training course. It will be the best investment in the Forex business you will ever make, i can guarantee that. 🙂