Here is the EURUSD daily chart. Now what is totally obvious is that it’s in a prolonged downtrend. There is no doubt what is causing this , it is the fundemental effect of all the euro bad news firstly with Greece and now Spain and the fact that the situation is far more complicated than […]
Trend Trading This trading strategy attempts to capture gains through the analysis of a currency pairs momentum in a particular direction. We enter into a long position when a pair is trending upward (successively higher highs). Conversely, a short position is taken when the pair is in a down trend (successively lower highs). Raw Statement is […]
Overnight our USDJPY buy trade closed out +55 pips total for the trade off a drop during the news in the early hours.
Our last part of our USDJPY trade which we have been in and out of with various positions closed today +25 pips at our moved Stop Loss. Bad Philly Fed numbers took care of it for us .
Closed out another USDJPY trade today . Well we closed 1/2 @ +25 pips and moved our stop and the FOMC closed the second half for us. So we are left with one last position running ,as can be seen in the pciture stop well above our entry locking approx 32 pips in .
Closed 1/2 of another USDJPY long entry where we are trading within the longer term position we have running for +24 pips. Stop is at break even for this trade.
We have now added indices to our trading systems . So we now have harmonic and divergence alerts running on FTSE100, DAX , DJIA and SP500. Also added is a seperate trading area on the website with our indices trades .
Closed out 1/2 of our GBPUSD trade for + 40 pips and moved stop to just above break even and also closed out 1/2 of our 2nd USDJPY trade which was opened off a pending order Sunday night for + 20 pips and moved stop to break even on that trade , but left our […]
Second half of our GBPUSD trade from the end of April hit our moved stop loss as the pair started to drift back up today. +27 pips on second half.