Day trade #2 & #3: AUD/JPY & GBP/USD

GBP/USD - Short @ 1.9431, Closed @ 1.9420 (11 pips in 17 minutes)
AUD/JPY - Long @ 96.27, Closed @ 96.31 (4 pips in 26 minutes)

Day trade #1: GBP/JPY - 13 pips in 15 minutes

This is another rare bet on a currency pair that I seldom (or never) trade.


GBP/JPY - Long @ 208.84, Closed @ 208.97 (13 pips in 15 minutes)

p/s: I'm expecting more small wins today since I'll be at home for the whole day!

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!

'Straddle' Forex Win - 55 pips

I was with my PDA at Raffles City Fountain and I was waiting for the signals to trade my favourite currency pair - GBP/USD.

As I was quite impatient to wait for the currency pair to give me the exact indication to enter the trade, I resorted to using Straddle* method and exited with a net win of 55 pips.


GBP/USD
Short @ 1.9570, stop loss 43 pips, Closed at predetermined profit take 1.9500 (+70 pips)
Long @ 1.9573, profit take 38 pips, Closed at predetermined stop loss 1.9558 (-15 pips)
55 pips win


* Straddle is basically an Options trading strategy to trade options when you don't know which way the stock will head but you know it will move big magnitude in one direction. And thus, you buy a call option and a put option at the same time. You may lose on one option, but you win more on the other option.

EUR/JPY 2nd time - 61 pips

My second time trading EUR/JPY. I closed this currency pair at the 159 range yesterday and it continued to fall - today is in the 157 range already!


EUR/JPY - Short @ 157.69, Close @ 157.08 (61 pips).