As mentioned last week, I got a couple of GBP/USD swing trades (since Jan-24 and Jan-25). I played these swing trades rather aggressive (and quite of the averaging mentality) and thus, I didn't place any stop losses.
But earlier, the NFP announcement brought the currency pair down more than 200 pips after 8.30am EST!
GBP/USD - Short @ 1.9775, Closed @ 1.9670 (5 pips in 8 days)
GBP/USD - Short @ 1.9777, Closed @ 1.9677 (No pips in 8 days)
GBP/USD - Short @ 1.9715, Closed @ 1.9683 (+32 pips in 8 days)
GBP/USD - Short @ 1.9777, Closed @ 1.9682 (+95 pips in 7 days)
GBP/USD - Short @ 1.9695, Closed @ 1.9683 (+12 pips in 8 days)
GBP/USD - Short @ 1.9683, Closed @ 1.9682 (+1 pips in 8 days)
Total Net Pips Gained: 145 pips (all standard lots x 5 each) - US$7K++
I have moved this blog to the new site at (1) www.KoonLip.com, where I continue to chronicle my life journey after 26, and (2) www.ForexAsiaAcademy.com, where you see my graduates LIVE results.
Forex Asia Academy 2009
Saturday, February 2, 2008
Wednesday, January 30, 2008
4 pips gain from 2 pairs of JPY
I used runner strategy today on 2 pairs of JPY . I shifted my stop loss and captured 2 pips each.
EUR/JPY - Short @ 157.62, Initial Stop Loss 157.95, Closed @ predetermined 2nd stop loss 157.60 (+2 pips)
USD/JPY - Short @ 106.75, Initial Stop Loss 107.05, Closed @ predetermined 2nd stop loss 106.73 (+2 pips)
EUR/JPY - Short @ 157.62, Initial Stop Loss 157.95, Closed @ predetermined 2nd stop loss 157.60 (+2 pips)
USD/JPY - Short @ 106.75, Initial Stop Loss 107.05, Closed @ predetermined 2nd stop loss 106.73 (+2 pips)
-23 pips
Tuesday, January 29, 2008
An hour trade - 28 Pips
I traded for 3 long positions (the 3 typical currency pairs) at around Singapore time 11.30pm. I closed all 3 trades within the next hour!
GBP/USD - Long @ 1.9865, Closed @ 1.9882 (+17 pips)
USD/JPY - Long @ 106.80, Closed @ 106.78 (-2 pips)
EUR/USD - Long @ 1.4781, Closed @ 1.4794 (+13 pips)
Total Net Pips Gained: 28 pips
p/s: I'm still in a swing trade for GBP/USD position since last Thursday!
GBP/USD - Long @ 1.9865, Closed @ 1.9882 (+17 pips)
USD/JPY - Long @ 106.80, Closed @ 106.78 (-2 pips)
EUR/USD - Long @ 1.4781, Closed @ 1.4794 (+13 pips)
Total Net Pips Gained: 28 pips
p/s: I'm still in a swing trade for GBP/USD position since last Thursday!
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