TradeProfits

Ended August with 587 Pips of Profit

Posted on 01. Sep, 2009 by Jakob.

0

August has ended, and I had a total of 5 trades which gave me a total of 587 pips of profit, or 6.37 % return on my account balance. This was even better than July which gave me a total of 359 pips. From the 5 trades I took in August, I had 4 winners and one looser. The average stop loss was set to 90 pips, and the average take profit levels were at 117.4 pips. I am currently trying to improve my R/R ratio, but 4 winning trades out of 5, and a larger TP than SL, it is already rather good; however, there is always room for improvements. All the trades were posted to my readers in time, for free, with all details, like entry, exit, stop loss level, % risked, etc. Currently I have one trade open, but I don’t track my trades before closing, so this one will get on Septembers track record. Hopefully September will be another positive month.

Permanent link to this post (166 words, estimated 40 secs reading time)

Continue Reading

Latest two trades for 357 Pips profit

Posted on 10. Aug, 2009 by Jakob.

0

August was going good and I was up around 1.8% a few days ago. Last friday, we had the NFP and a lot of action. Some pairs, specially the EUR/USD, had been trading in a range for some days, and it was obvious that the NFP would push it out of this channel, either up or down. I had already entered a short position on the EUR/USD before the NFP, as I actually though we would have seen the pair go down a bit. However, nothing happend, and I had to wait for the NFP. A few minutes after the NFP release, I went long on USD/JPY, and I stayed in the EUR/USD trade. I closed the trades last night, for a total profit of 357 pips, or 3.57% or my total balance. That brings me up to a total of 5.37% for August, or 537 pips. All trades was posted in real time on Twitter, and you should have been able to follow. I am still working on a better solution to get my signals out. But if you want to be sure not to miss anything, be sure to sign up for my RSS feed, and my newsletter, and I will let you know when I am about to make some changes.

Permanent link to this post (215 words, estimated 52 secs reading time)

Continue Reading

Latest trade for 100 pips of profit – July month up with 459 pips

Posted on 28. Jul, 2009 by Jakob.

1

Post nr. 100! July 27th I posted a message on Twitter to short EUR/USD at 1.4260, risking 1% on a 100 pip stop loss, and with an open take profit level. 2 minutes ago I posted a message to close the trade as it is now trading a 1.4160. It might be able to go further down, maybe all the way to 1.4000 before going back up, but as the push down was driven down by the news, I think it is a better idea to take profits quickly. After all, the trend is bullish, so I think this was a good exit. I might be looking into a long position, if and when it reaches 1.4100, but that all depends on a lot of different aspects. All the details of this trade (and all the other ones I have taken) have been posted here on TradeProfits, Twitter or by email to my newsletter subscribers. So far this brings me up to a total of 459 pips of profit or 5.59% for this month. All of which have been free for all readers, followers and subscribers.

Permanent link to this post (187 words, estimated 45 secs reading time)

Continue Reading

Details about eariler trades

Posted on 17. Jul, 2009 by Jakob.

0

As I was at work when I wrote the last post, it was a bit short without much information. I simply had to write that I was closing all the open trades as we didn’t see the move down I expected. Furthermore, we had upcoming news which could make our trades go against us. So I got out in time and in profit. Let’s have a look. First we had two open trades, which was taken July 15th, namely: GBP/JPY where we went short at 154.76. We closed this trade today at 152.62 for a profit of 214 pips. I also went short on EUR/USD at 1.4111 and closed it today at 1.4079 for a profit of 32 pips. Then July 16th I took some additional trades, namely: A Short trade on GBP/USD at 1.6400 which also was closed today at 1.6290 for a profit of 110 pips. I also went Short on AUD/USD at 0.8000 and closed it today at the exact same level, which gave me 0 pips. Lastly I took another Short trade on EUR/JPY at 132.50 and closed it today at 131.89 for a profit of 61 pips. These trades results in a total of 417 pips of profit. Read more... (364 words, estimated 1:27 mins reading time)

This is a preview of Details about eariler trades. Read the full post (364 words, estimated 1:27 mins reading time)

Continue Reading

Trade update and more trades

Posted on 16. Jul, 2009 by Jakob.

0

Alright we are currently short on EUR/USD and GBP/JPY and it is looking good so far. I will enter the following trade: Short GBP/USD at 1.6400 with a stop loss of 100 pips. Short AUD/USD at 0.8000 with a stop loss of 100 pips. Short EUR/JPY at 132.50 with a stop loss of 100 pips. All take profits are open, and I am risking 1% on each trade. Let’s see how things play out.

Permanent link to this post (75 words, estimated 18 secs reading time)

Continue Reading

Update on yesterday’s trade and new entry

Posted on 15. Jul, 2009 by Jakob.

0

So the trade I took yester did continue up after some consolidation and hit my stop loss, which resulted in a loss of 1%. It has just gone up to the 61.8 Fibonacci retracement level, and is now slowing down the strong move up, it has experienced today. I will enter on another trade on the same pair, GBP/JPY, once again short at 154.76 with a stop loss of 100 pips and an open take profit. I will also enter on a short trade on the EUR/USD at 1.4111 with a stop loss of 100 pips and an open take profit. I will enter both trades with 1% of my balance. Let’s see how things work out.

Permanent link to this post (118 words, estimated 28 secs reading time)

Continue Reading

Short Entry on GBP/JPY

Posted on 14. Jul, 2009 by Jakob.

0

Some days ago we had a hard fall on the GBP/JPY, as stops were taken out. Since then it has tested the Fibonacci resistance just around 151.837. Currently the pair is trading just above this spot just around 152.075 which I where I am going to enter on a short trade with a stop loss at 153.652 and my TP target being open for now. I will enter this trade with 1% of my balance on my stop loss of 157 pips. Let’s see how things play out. Read more... (89 words, 1 image, estimated 21 secs reading time)

This is a preview of Short Entry on GBP/JPY. Read the full post (89 words, 1 image, estimated 21 secs reading time)

Continue Reading

Another week with Forex Signals

Posted on 04. May, 2009 by Jakob.

2

As you guys know, I have started posting my trades on twitter. This is still under development, as I am about to make a page with all the details of every single trade. As this is not done yet, I am simply giving a review of the signals every week. So the first two weeks was rather good, but this passed week, I ended with a small loss of – 4 pips in total. Here is an outline of the trades, I took. Read more... (216 words, estimated 52 secs reading time)

This is a preview of Another week with Forex Signals. Read the full post (216 words, estimated 52 secs reading time)

Continue Reading

Possible short entry on GBP/USD

Posted on 28. Apr, 2009 by Jakob.

0

The GBP/USD pair is currently trading at 1.4540 and as you can see from the picture below, it is currently trading within a Symmetrical triangle. We have a support just around 1.4511, and a break of this, will probably take it down to the bottom of the triangle. A break of the triangle either up or down, should give us some momentum in either direction. I am currently bearish on this pair, and I think we can see a break to the downside today. However, we have upcoming news, which probably will give us a very volatile market throughout the day. I am currently short from 1.4535. Let’s see how things play out.

Permanent link to this post (114 words, 1 image, estimated 27 secs reading time)

Continue Reading

This week’s Forex Signals

Posted on 26. Apr, 2009 by Jakob.

1

The first week of my trades resulted in a total of 134 pips, which was a pretty good way to start off. This week (ending today) I had a total of five trades, which is stated below. I had three long trades on GBP/USD. The first one, went directly against me, and resulted in a loss of -62 pips. The next trade, long on GBP/USD went in profit, and I moved stop loss to break even. Shortly after, the pair turned against us, and hit the stop loss at break even. A total of 0 pips for this trade. Next trade was another long on GBP/USD, which we closed with a profit of 125 pips. Then I had a long trade on USD/JPY, but at this didn’t carry through the way I expected, I closed it shortly after at break even, (or one pip profit). The last trade of the week was a short trade on USD/CHF, and this gave me a total of 47 pips. Read more... (293 words, estimated 1:10 mins reading time)

This is a preview of This week’s Forex Signals. Read the full post (293 words, estimated 1:10 mins reading time)