Day Trading the Forex for Profits...

in AUD/JPY, from 80.93, risking 0.5%

stop at 8077

first target, 81.13

NZD/CAD stopped out, profit 0.10%

 

stop moved to break even, initial target moved to 8125...so, no locked in profit yet, but cannot lose

 

So, took profit, made 0.4% on the trade, stop moved to break even plus 5.

Another profitable night, and profitable week. Guaranteed over 0.50% for the day.

This was definately a slower week for me, but, if all the targets are hit on this trade, it could make an addititonal 0.65%, bringing today up to about 1.15% profit

All in all, a fair week. guaranteed 2% profit on the week, with a potential of 2.65% on the week.

Just didn't see many trades to take since the BOJ anouncement on the Yen. Hopefully next week has better movements and more opportunities for my approach.

Greg

 

Monthly update: 13%.

Disregard any previous updates from this week! I think my math was wrong on one update.

Also, final targets for AUD/JPY are:

8145

and

8165

 

Back in audjpy. 0.25% risk, 0.5% target. 15 pip stop, entry 89.05

 

EUR/AUD long from 1.3860

Reversed EUR/AUD based on PA, short at 1.3857.

3 pip loss, less than 0.1%

 

EUR/AUD stop at 1.3871, risking 0.75%

1st target at 1.3836, taking 3/4 position off, for 0.75% profit

 

EUR/CAD long from 1.3511, risking 0.5%

stop at 1.3490

1st target at 1.3535

 

EUR/AUD closed, 0.25% loss

 

EUR/CAD filled full position, at average price 1.3513

stop at 1.3490
1st target at 1.3535