Great Trading Strategies

Sorry for the late update folks, but the conditions did not line up for the 12:30pm GBP/USD long trade either today. That’s all for the week, the month, and the year :wink:

Due to the holiday on Monday, I will not update the board until Tuesday. Enjoy your long weekend and I will update the board next week. Cheers! :slight_smile:

Good morning all,

Hopefully you enjoyed your long weekend and are ready for another great year in FX :slight_smile: I will be providing a look back on 2011’s trades within the next week or so; hopefully it helps those of you that are looking for an official recap.

The conditions did not line up for the 7am EUR/USD short trade this morning. Next trade: the 9:30am GBP/USD long trade.

Sorry for the late update folks. The conditions lined up for the 9:30am GBP/USD long trade today. Here is how the trade played out:

Entry Price: 1.5608
Exit Price: 1.5628

Trade length: 0 bars
Profit: 20 pips ($200)

The conditions did not line up for the 12:30pm GBP/USD long trade. Next trade: the 3pm GBP/USD long trade.

The conditions did not line up for the 3pm GBP/USD long trade. Next trade: the AU open EUR/USD short trade.

The conditions lined up for the AU open EUR/USD short trade. Here is the setup:

Entry Price: 1.3054
Exit: at the open of the 7:30pm CST bar
S/L: 1.3094
TP: 1.3044

Happy trading!

The AU open EUR/USD short trade reached TP. Here is how the trade played out:

Entry Price: 1.3054
Exit Price: 1.3044

Trade length: 6 bars
Profit: 10 pips ($100)

That’s all for today friends. Good luck in the evening session and I will update the board in the morning :slight_smile:

Good morning fellow FXers,

Hopefully you were able to take advantage to the bear move over the EU session last night :slight_smile:

The conditions did not line up for the 7am EUR/USD short trade this morning. Next trade: the 9:30am GBP/USD long trade.

The conditions did not line up for the 9:30am GBP/USD long trade. Next trade: the 12:30pm GBP/USD long trade.

The conditions lined up for the 3pm GBP/USD long trade. Here is the setup:

Entry Price: 1.5621
Exit: at the open of the 3:30pm CST bar
S/L: 1.5591
TP: 1.5631

Happy trading!

The conditions did not line up for the 3pm GBP/USD long trade, but we are still in the 12:30pm GBP/USD long trade until 3:30pm CST.

Next trade: the AU open EUR/USD short trade.

Good morning all,

Sorry for the late update, but the conditions did not line up for the AU open EUR/USD short trade and the 12:30pm GBP/USD long trade did not reach TP or S/L yesterday.

However, the conditions did line up for the 7am EUR/USD short trade this morning. Here is the setup:

Entry Price: 1.2840
Exit: at the open of the 11am CST bar
S/L: 1.2900
TP: 1.2820

Based on current price movement, I recommend taking this trade with a lesser lot size.

Good luck!

The 7am EUR/USD short trade reached TP this morning. Here is how the trade played out:

Entry Price: 1.2840
Exit Price: 1.2820

Trade length: 0 bars
Profit: 20 pips ($200)

The conditions also lined up for the 9:30am GBP/USD long trade as well. Here is the setup:

Entry Price: 1.5489
Exit: at the open of the 6:30pm GBP/USD long trade
S/L: 1.5449
TP: 1.5509

Happy trading!

The conditions lined up for the 12:30pm GBP/USD long trade. Here is the setup:

Entry Price: 1.5492
Exit: at the open of the 3:30pm CST bar
S/L: 1.5462
TP: 1.5502

Happy trading!

Sorry for the late update folks. The 12:30pm GBP/USD long trade did not reach TP or S/L, the conditions did not line up for the 3pm GBP/USD long trade, and the conditions did line up for the AU open EUR/USD short trade. Here is the setup:

Entry Price: 1.2784
Exit: at the open of the 7:30pm CST bar
S/L: 1.2814
TP: 1.2774

Good luck!

Good morning friends,

The AU open trade did not reach TP or S/L yesterday, and neither did the 9:30am GBP/USD long trade. Also, the conditions did not line up for the 7am EUR/USD short trade today. Once again, the EUR/USD pair will likely move in a definitive direction today, but be cautious throughout the day and early next week as we may reach a period of expanding range while the market attempts to correct the bear move over the last few weeks.

Next trade: the 9:30am GBP/USD long trade.

Slight correction, due to the market’s early close today we only have one other trade opportunity. Next trade: the 12:30pm GBP/USD long trade.

The conditions also did not line up for the 12:30pm GBP/USD long trade today. That’s all for the week; enjoy your weekend and I will update the board on Monday.

Ciao! :slight_smile:

Good morning all,

Hopefully you had a great weekend and are ready to gain some more pips this week in FX :slight_smile:

To start, be carefully picking your general trading direction this morning as we are waiting on a clear sign from the market as to which definitive direction it will move. Lately, the EUR/USD pair has been in a down-swing. If that continues, the same trading patterns that you’ve used for the last few weeks will apply, but you should also be ready for the possible reversal in trend, which should be preceded by a volatile period of expanding range as the bulls try to regain control of the market.

The conditions did not line up for the 7am EUR/USD short trade this morning. Next trade: the 9:30am GBP/USD long trade.

Good Morning tradetilidie. Thanks for the update.

The conditions lined up for the 9:30am GBP/USD long trade today. Here is the setup:

Entry Price: 1.5444
Exit: at the open of the 6:30pm CST bar
S/L: 1.5404
TP: 1.5464

Happy trading!