Short position taken using our breakout / trend following method . Price dropped nicely though into out take profit zone and we closed out for + 31 pips for the whole trade. A nice quick one to end the day.
Short position taken at 100.85 off a bearish gartley on 1 hr timeframe with our stop up at 101.35 . The 101 level did not resist unfortunately and some euro strength took us out .
Long position taken off a bullish shark harmonic pattern. Close proximity to 200 DMA and a wolfe wave pattern We took 1/2 off the table + 28 pips and then let it run . Later in the evening moved stop loss up to 1.2880 and set TP to 1.30 looking for a run up. Market […]
Closed out half our our carry trades on eurchf this morning. +324 pips total Rumors that SNB may have raised the floor but unless they come out and say it then its just a rumor. What they did say was ” SNB says FX reserves rise linked to the EUR/CHF floor defense ” Anyway holding […]
Long position taken off a Bullish Bat generated by the new addtion to our harmonic alerts software. Had a bit of drawdown on this but then trade took off nicely, took out the 50% retracement and then stalled out at 61.8 . Where we closed on a reversal after previously taking 1/2 profits and moving […]
System alerted us to bullish butterfly patterns on 4 timeframes today. A look at the chart showed us at support and also 50% retracement of the previous larger move up. We also had some divergence which the website alerted us to so trade was taken long . We took 1/2 profits at + 20 odd […]
Pretty frustrating one this . Price went up to + 19 pips , 1 pip short of our 20 pip 1st close point and then dropped down to our stop loss. Summer is as usual proving a difficult trading period.
Our NZDUSD trade closed today + 40 pips. This was a trade taken using our trend following system. Up to date Statement for this method is below and our myfxbook page is here . Alpari (UK) Ltd. Account: 3784467 Name: ForexSS Currency: USD 2012 June 13, 23:57 Closed Transactions: Ticket Open Time Type Size Item […]
Our EURUSD andUSDCHF trades each closed out at our stop loss. These trades were taken using our trend following method, Which so far had been good . The trick with trading that some traders fail to grasp is that we must stick to a working plan and take stopped trades in our stride . Trend […]
Set a pending order on USDJPY on Friday afternoon. Trade triggered 2 mins before market close. Reason for trade was we had the obvious 78 level but I also heard rumors of intervention around the corner. On market open on sunday we closed 1/2 of our trade + ~ 20 pips and moved our stop […]