TradeProfits

Update on current trades

Posted on 22. Sep, 2009 by Jakob.

Some days ago I wrote a post about a possible short EUR/USD trade. You can check it out here. However, things turned out a bit different than expected, and I actually took a long trade on USD/JPY instead of a short EUR/USD, due to different aspects; specially because both the EUR and USD was strong and the JPY was week. The trade was good for about 50 pips. Stop loss was moved to break even, and the pair turned around and hit my stop loss. So this was 0 pip trade. Next off we started to see EUR getting weaker, and EUR/USD started to drop. Even though I wanted to enter a trade around 1.4750 – 1.4800 as mentioned in my last post, I changed my mind and took a short trade. This one got stopped out for – 100 pips or – 1%. The USD/JPY kept going down and I put a “buy limit” in at the neatest support level, in the expectation that it would go back up. The trade was triggered, and stayed around this level before it finally broke through the support level. The trade is still open and is currently about -50 pips (-0.5%). As the EUR/USD rallied back up, and got close to 1.4800 I took another short trade, as this was the starting point, where I actually wanted to enter. This trade is also open, and is currently trading just around break even.  Read more... (289 words, estimated 1:09 mins reading time)

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Possible EUR/USD trade

Posted on 21. Sep, 2009 by Jakob.

This is an update to my last post about the EUR/USD, which you can read here. As mentioned, I am looking for a short entry on the EUR/USD, and things start to look better. However, nothing is certain. If I do take the trade I will post it on twitter and send it out to my newsletter subscribers.  Read more... (486 words, estimated 1:57 mins reading time)

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EUR/USD close to 1.4700

Posted on 16. Sep, 2009 by Jakob.

Click at the picture below, to see the chart of the EUR/USD. The pair is currently trading at 1.4662. Last time the pair traded at this level was in the middle of December 2008.

 Read more... (182 words, 1 image, estimated 44 secs reading time)

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230 pips on the latest trade

Posted on 03. Aug, 2009 by Jakob.

Since my last update I have had two trades, one which went against me for a loss of 100 pips and the next one which I have just closed a few hours ago, which gave me a profit of 230 pips. The last few days have been kind of crazy. I have had a lot of hours at work, as I am going to Lisboa later this month to study one semester abroad. Furthermore I have just been moving to a new room with my girlfriend; Needless to say that there have been some long and tiring days. To top everything off, I now have no internet connection in the new room, so I am currently sitting at school writing this update. Hopefully everything will be up and running within the next few days.  Read more... (402 words, estimated 1:36 mins reading time)

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Latest trade call for 100 pips

Posted on 24. Jul, 2009 by Jakob.

A few days back on July 21st when Ben Bernanke started his speech, I entered on a short trade on the EUR/USD just around 1.4250 with a stop loss of 50 pips, and no fixed take profit level. I closed it yesterday, at 1.4150 for a profit of 100 pips. I took the trade with one % of my account balance on a 50 pips stop loss, which gives me a return of 2% for this trade. All the details of this trade was posted on twitter, and you should have been able to get almost the same entry as me, although my first twitter message came a minute or two too late. You would maybe have gotten a worse entry of 10 pips or so. The reason for using Twitter for this particular trade was that it was not properly planed. So I did not have the time to write a blog post.  Read more... (206 words, estimated 49 secs reading time)

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