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Wednesday, October 9, 2013

EURUSD update 091013

Previous trade:
Pip gain/loss = +3.1
Capital gain/loss = +0.06%

Tuesday, October 8, 2013

Friday, October 4, 2013

EURUSD update 041013

Well after suffering 3 minor losses in a row I believe we are now on track, especially with the weakening of the Greenback now putting the single currency pair on course for the potential resistance target of 1.38 brought about by the present Congressional gridlock over Obamacare. However this U.S. Government standoff needs to be addressed fairly promptly given that the 17th is the deadline for the U.S. Debt ceiling to be urgently prioritised.  

Previous trade:
Pip loss = -64.1
Percentage loss = -1.14%

Wednesday, October 2, 2013

EURUSD update 021013

Whilst no real damage was done except for a minor loss, this serves as a good example of exactly what happens if you fail to follow the plan. Yesterday's D1 chart histogram colour change from red to green (highlighted in the white rectangle) was just a `false flag' proving that the 1.35 resistance area is holding strong. It is just annoying that I fell for it that's all. So after that fail I have engaged a sell trade with the opening of today's signal.

Previous trade:
Pip loss = -24
Percentage loss = -0.43%

Tuesday, October 1, 2013

EURUSD update 011013

I don't usually change directional track if a histogram bar changes before it's time duration is up but today seems like an exception with many U.S. Government Departments now in shutdown. This of which could well have a detrimental effect on the Greenback which is presently weakening against the Japanese Yen.

Previous trade:
Pip loss = -32
Percentage loss = -0.56%

Thursday, September 26, 2013

EURUSD update 260913

Last buy trade was finally closed out as of this morning with the appearance of a red histogram bar. In all the last trade was open for 14 days and now a sell order has been executed as of the opening of  today's daily candle. There does seem to be some resistance happening around the 1.34 - 1.35 area. Hard to tell whether this is only a minor pullback at this stage.

Total pip profit = 347.5
Overall gain = +6.98%

Wednesday, September 25, 2013

EURUSD update 250913

Bullish eurusd movement is still showing positive signs of upward advancement, On the D1 chart it looks as though the 1.38 area may be a good resistance level. Open trade is going strong and is now (as of blog entry) 297 pips in profit, and holding steady. Trade was initialised on the 090913 which is now exactly 13 market days old. AO histogram is still green so therefore there is no reason just yet to terminate it.

Like I have mentioned in the last blog whilst this methodology will keep you profitable only the die hards will persist with it since trades can go for a long time, however also they will be times when they are not so. It is not as exciting as scalping but is inasmuch low maintenance for a much more stress free trading experience. One other point to mention is that whilst I do not advocate a trailing stop, once a trade is profitable by 300+ pips I see no harm in having a 200 pip trailing stop to lock in profits.    

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