Forecasting - page 2
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I decided to buy the EURUSD as its been oversold, I'm expecting a small dip back up so I have a 10 pip take profit off of 1.2765.
Buy EURUSD at 1.2765
Take Profit at 1.2775
Stop Loss at 1.2745
if won, 10 pips, if lost 20 pips
Yah! all trades are very profitable, gaz.
That's nice.
The USDJPY closed with the expected 30 pips, and the EURUSD trade made 10 pips as expected.
This Trade:
+30 pips
+10 pips
Total Trade:
+230 pips
The USDJPY just broke its resistance, I have been told that it will go way up but I can also see its wayyy overbought. Im going to sell it
Sell at 117.20
Take Profit at 116.90
Stop Loss at 117.55
If won, 30 pip gain, if lost, 35 pip loss
Hopefully I'm write on this, it should top out at about 9:00 GMT if my calculations are correct. Hopefully it will be a double top reversing the trend.
Now EURUSD I put a Sell Limit on this one.
Sell at 1.2775
Take Profit at 1.2755
Stop Loss at 1.2840
If won, 20 pip gain, if lost, 65 pip loss. The trend is generally going down and should stay within its envelope.
GBPUSD I am buying for a small profit, one of those quick ups
Buy at 1.8842
Take Profit at 1.8852
Stop Loss at 1.8800
10 pip profit, 42 pip loss
GBPUSD position closed with 10 pips profit
This Trade:
+10 pips
Total:
+240 pips
EURUSD position closed with 20 pip profit
This Trade:
+20 pips
Total:
+260 pips
The USDJPY is going to slowly go down, I'm almost sure it will go even higher before going down.. So I'm moving the take profit higher and the stop loss higher as well..
Take Profit at 117.05
Stop Loss at 117.75
15 pip profit, 55 pip loss
USDJPY closed the position and will probably keep going down. Though I dont have enough certainty to open anymore. Since today is sunday in PST I will not have any positions open.
This Trade:
+15 pips
Total:
+275 pips
Selling EURUSD at 1.2815
Take Profit at 1.2795
Stop Loss at 1.2850
Profit would be 20 pips and loss of 35 pips
Selling GBPUSD at 1.8976
Take Profit at 1.8956
Stop Loss at 1.9014
Profit would be 20 pips and loss of 38 pips
Well I didn't post it on fxfisherman here but I did add a sell limit to both of my trades as they kept going up while they were supposed to go down. Now I wanted to double the amount of lots on both of them but my account was too small
I put a sell limit on the EURUSD at 1.2835
Take profit at 1.2815
Stop Loss at 1.2870
and put a sell limit on the GBPUSD at 1.8995
Take Profit at 1.8975
Stop Loss at 1.9030
So the result was:
This Trade:
+20 pips
+20 pips
+20 pips
-38 pips
Total:
+297 pips
I would also like to remember this day as the first loss, but caught on with the sell limits it turned into a profit :whistling