Bijoymj:
Here is my 7th trade in this quarter.
Long USDCAD at 1.0930 with SL 1.0880(50 pips), TP 1.0980(50 pips) and rr 1:1
Right now the trade is is running positive with a few + pips. But the Canadian data including CPI and Retail sales is expected to release within few minutes. The data can drive the price either in my favor or in the opposite direction. So, I am adjusting my position as below.
Moved stop loss to BE at entry point. So that, I can exit the trade without any harm to my account if the data is not in my favor.
Moved TP to 1.1030 aiming another 50 pips and increasing rr to 1:2 from 1:1. So that I can aim for a better return, if the data releases in my favor.
Bijoymj
August 22, 2014, 11:08am
22
The Canadian data didn’t create any much volatility in the market as the reports were mixed with +ve and -ve numbers. The retail sales report printed better than expected readings while CPI readings were worst than expected. Hence Loonie is more likely to react to technical levels than fundamentals.
Bijoymj
August 22, 2014, 11:16am
23
Few minutes ago, Federal Reserve Chair Janet Yellen warned that rate hikes could come sooner than expected if the the U.S. economic recovery is sustained.
Right now this opinion has created some volatility in the Forex market. I feel the words from Fed Chairman can give some strength to the Benjamin and the greenback may gain some lead against its counter parts(including against my favorite com-doll currencies
Bijoymj
August 24, 2014, 11:27pm
24
Bijoymj:
Sorry guys. I was little late in posting this trade as I was busy with some other stuff.
After the loosing trade of NZDUSD, I again shorted the same pair at 0.8492 which was in line with a falling trend line. THE rr set is 1:3 as the stop loss is at 0.8542 (50 pips) and TP is at 0.8342 (150 pips)
Trade Hit TP. It was a nice trade. Due to 1:3 rr, I had a return of 6% on gain of 150 pips…
Net return in this quarter up to this trade: +8%(5 trades)
Again shorting the Kiwi with a wide stop and 1:5 rr.
Shorted at previous support (0.8363) SL @ 0.8413(50 pips), TP 0.8113 (250 pips)
Here I have a nice rr of 1:5 and am aiming for the long term support at 0.8100 area.
Bijoymj
August 26, 2014, 11:02pm
26
Bijoymj:
Right now the trade is is running positive with a few + pips. But the Canadian data including CPI and Retail sales is expected to release within few minutes. The data can drive the price either in my favor or in the opposite direction. So, I am adjusting my position as below.
Moved stop loss to BE at entry point. So that, I can exit the trade without any harm to my account if the data is not in my favor.
Moved TP to 1.1030 aiming another 50 pips and increasing rr to 1:2 from 1:1. So that I can aim for a better return, if the data releases in my favor.
Trade closed by hitting stop loss which was at breakeven resulting a no loss-no prifit transaction.
Net return in this quarter up to this trade: +8%(6 trades)
Bijoymj
August 28, 2014, 10:39am
27
This my 3rd trade of short AUDUSD which was open from 4th of this month Hit Stop Loss today after 24 days.
Result -50 pips and -2%
Net return in this quarter up to this trade: +6%(7 trades)
Bijoymj
August 29, 2014, 11:10am
28
Just entered a long position on USDCAD on formation of a pin bar in the 1 hour chart.
rr is 1:1 with 50 pips TP and SL
Long from 1.0838 SL = 1.0788, TP = 1.0888
Bijoymj
September 2, 2014, 11:11pm
29
Bijoymj:
Just entered a long position on USDCAD on formation of a pin bar in the 1 hour chart.
rr is 1:1 with 50 pips TP and SL
Long from 1.0838 SL = 1.0788, TP = 1.0888
This my long USDCAD trade hit TP gaining +50 pips and +2% return
Net return in this quarter up to this trade: +8%(8 trades)
Bijoymj
September 2, 2014, 11:41pm
30
Bijoymj:
Again shorting the Kiwi with a wide stop and 1:5 rr.
Shorted at previous support (0.8363) SL @ 0.8413(50 pips), TP 0.8113 (250 pips)
Here I have a nice rr of 1:5 and am aiming for the long term support at 0.8100 area.
Right now my 8th trade (Short NZDUSD) is up by almost 50 pips and so I am moving my stop loss to Entry point to have a risk free trade.
Bijoymj
September 3, 2014, 3:33am
31
Here is my 10th trade in this quarter.
Shorted AUDUSD at 38.2% Fib level in the resent down trend seen on 1 hour chart.
Shorted at 0.9305 with SL @ 0.9355 (50 pips), TP @ 0.9230 (75 pips) and rr 1:1.5
Bijoymj
September 3, 2014, 5:30am
32
Again going long on USDCAD at 23.6 retracement on recent uptrend.
Long from 1.0910 with SL 1.0860(50 pips), TP @ 1.09850 (75 pips) and rr 1:1.5
Bijoymj
September 4, 2014, 11:09pm
33
Bijoymj:
Here is my 10th trade in this quarter.
Shorted AUDUSD at 38.2% Fib level in the resent down trend seen on 1 hour chart.
Shorted at 0.9305 with SL @ 0.9355 (50 pips), TP @ 0.9230 (75 pips) and rr 1:1.5
My short AUDUSD trade hit stop loss resulting -50 pips and -2% return
Net return in this quarter up to this trade: +6%(9 trades)
Bijoymj
September 4, 2014, 11:24pm
34
Bijoymj:
Again going long on USDCAD at 23.6 retracement on recent uptrend.
Long from 1.0910 with SL 1.0860(50 pips), TP @ 1.09850 (75 pips) and rr 1:1.5
This my long USDCAD trade hit Stop loss awarding -50 pips and -2% return
Net return in this quarter up to this trade: +4%(10 trades)
Bijoymj
September 5, 2014, 3:27am
35
Again Shorting the Aussie on a pin bar formation at previous resistance in the Daily Chart.
Shorted @0.9350 with SL @ 0.9400 (50 pis), TP @ 0.9250 (100 pips) and rr 1:2
EDIT
Moved stop loss to BE on Sep 9th as trade is +ve by more than 50 pips.
Bijoymj
September 5, 2014, 8:59am
36
Again went long on USDCAD
Long from 1.0860. SL 1.0790(70 pips) TP 1.0965(105 pips) rr 1: 1.5
Bijoymj
September 8, 2014, 11:06pm
37
Please ignore this post as wrong picture inserted
Bijoymj
September 8, 2014, 11:10pm
38
My long USDCAD trade hit TP gaining +3% return and +105 pips
Net return in this quarter up to this trade: +7%(11 trades)
Bijoymj
September 9, 2014, 9:24am
39
Bijoymj:
Again Shorting the Aussie on a pin bar formation at previous resistance in the Daily Chart.
Shorted @0.9350 with SL @ 0.9400 (50 pis), TP @ 0.9250 (100 pips) and rr 1:2
EDIT
Moved stop loss to BE on Sep 9th as trade is +ve by more than 50 pips.
This my AUDUSD trade hit TP gaining me +100 pips and +4% return
Net return in this quarter up to this trade: +11%(12 trades)
Bijoymj
September 9, 2014, 9:42am
40
Right now my NZDUSD short trade which is open from 25th of August is up by almost 100 +ve pips and so I am moving the stop loss to 0.8313 locking +50 pips and +2% return.
