It was a busy London open. Pullback of EURUSD provided some good shorting opportunities. Price action was slow during Asian hours, and failed to test yesterday’s high. I was a little bit late, short was made at the lower limit of my entry range. It was a quick profitable trade. Two profit targets were achieved, […]
trade of the day
Trade of the day 11 June 2010: $GBPUSD Short
I thought I was going to call it a week early, but Cable gave me some bonus before the weekend. I was looking to short $GBPUSD around 1.48 area, however, the sluggish price action around 1.47 and yesterday’s high prompted me to give it a short earlier. 2 profit targets were achieved, and 1 still […]
Trade of the day 09-June-2010: $AUDUSD Long
I like the way bears got rejected around 0.8210 area, which formed a nice short term support. I went Long $AUDUSD. 2 Profit targets were achieved, and I thought it would be wise to take some money off the table in front of 83 cents. Last portion of position is still trailing the market. Here […]
Trade of the day 08-June-2010: $AUDUSD Short
I shorted Euro and Aussie dollar again today. Both worked out nicely. Here is the $AUDUSD short trade. I liked the rejection of 82 cents, and the struggle of the price action around yesterday’s high. It was a pretty obvious short to me. 2 profit targets were taken, and last portion is trailing. Here is […]
Trade of the day 08-June-2010 : $NZDUSD short
I opened few short positions during since early London session, and they came to fruition during early U.S session. I decided to share $NZDUSD trade, which was a fast, and aggressively sold off. I have waited for few hours for Kiwi dollar to pull back , and I decided to pull the trigger when it […]
Trade of the day 3-June-2010: $USDCHF Long
Here is the trade I would like to share today. After observing USDCHF hanging around yesterday’s low throughout Asian session, and ‘seemingly’ forming short term bottom. I thought it was worth trying out a long trade. I went long $USDCHF. 2 profit targets was achieved and trailing stop was, unfortunately, triggered. Here is the chart.
