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Old 07-07-2008, 01:53 PM   #41 (permalink)
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Germany industrial production is negative 2.40%, below expectation of positive 0.30%. This has weakened EUR.

Shorted 100,000 EURJPY at 168.18
Stop loss at 169.00
Target level at 167.50

Chart: Binary Trading: Shorted 100,000 EURJPY at 168.18
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Old 07-08-2008, 03:40 AM   #42 (permalink)
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My indicator shows sell signal for silver and this indicator has achieved very good profits in my back-test.

I had advised my ex-customers actively on silver trading when I was a commodity sales because silver is much more gentle and predictable compared to gold. And many customers believe that silver has much more upside compared to gold in the precious metal family.

Shorted 1000 units of Silver at 17.98
Stop level at 18.09
Target level at 17.40
Value of 1 point is US$1000

Chart:
Metal Trading: Shorted 1000 units of Silver at 17.98
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Old 07-08-2008, 09:42 AM   #43 (permalink)
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Quote:
Originally Posted by trader123 View Post
Germany industrial production is negative 2.40%, below expectation of positive 0.30%. This has weakened EUR.

Shorted 100,000 EURJPY at 168.18
Stop loss at 169.00
Target level at 167.50

Chart: Binary Trading: Shorted 100,000 EURJPY at 168.18
Yesterday I had shorted 100,000 EURJPY at 168.18, stop loss at 169.00, target level at 167.50.

Today EURJPY goes below 167.50, so my target limit is filled. Realised profit is US$626.84.
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Old 07-08-2008, 01:24 PM   #44 (permalink)
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Quote:
Originally Posted by trader123 View Post
My indicator shows sell signal for silver and this indicator has achieved very good profits in my back-test.

I had advised my ex-customers actively on silver trading when I was a commodity sales because silver is much more gentle and predictable compared to gold. And many customers believe that silver has much more upside compared to gold in the precious metal family.

Shorted 1000 units of Silver at 17.98
Stop level at 18.09
Target level at 17.40
Value of 1 point is US$1000

Chart:
Metal Trading: Shorted 1000 units of Silver at 17.98
On 7 July, I had shorted 1000 units of Silver at 17.98, stop level at 18.09, target level at 17.40.

Good support at 17.60, silver price seems like not going lower. So decide to take profit at 17.72. Realised profit is US$260.
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Old 07-08-2008, 01:24 PM   #45 (permalink)
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My indicator is showing buy signal and hourly chart is showing positive signal as well. Fed Chairman is giving a speech now, expects some solution on the credit crunch crisis, will strengthen USD temporary.

Bought 100,000 USDCHF at 1.0263
Stop at 1.0210
Target level at 1.0330
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Old 07-08-2008, 03:21 PM   #46 (permalink)
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My indicator is showing buy signal and hourly chart is showing positive signal as well. Fed Chairman is giving a speech now, expects some solution on the credit crunch crisis, will strengthen USD temporary.

Bought 100,000 USDCHF at 1.0263
Stop at 1.0210
Target level at 1.0330
US May pending home sales is negative 4.7%, worse than expectation of negative 3%. To me this is a lousy data for USD, so I decide to take profit on USDCHF, sold at 1.0286. Profit is US$223.60.

At the point of writing this, USDCHF is still going up. So traders may want to monitor the position yourself to get a better selling level.
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Old 07-09-2008, 05:21 AM   #47 (permalink)
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My back-test indicator signals me that EURJPY is looking toppish. I interprete this signal as selling on strengthen. Seeing that hourly chart is looking overbought, I decide to short this currency pair.

As mentioned earlier, weakness in stock will cause JPY to appreciate.

Shorted 100,000 EURJPY at 167.97
Stop level at 168.70
Target level at 167.40
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Old 07-09-2008, 07:42 AM   #48 (permalink)
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Quote:
Originally Posted by trader123 View Post
My back-test indicator signals me that EURJPY is looking toppish. I interprete this signal as selling on strengthen. Seeing that hourly chart is looking overbought, I decide to short this currency pair.

As mentioned earlier, weakness in stock will cause JPY to appreciate.

Shorted 100,000 EURJPY at 167.97
Stop level at 168.70
Target level at 167.40
EURJPY moves up after announcement of Germany trade balance, so my position was stopped out at 168.70, loss is US$691.34.
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Old 07-09-2008, 10:12 AM   #49 (permalink)
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EURJPY is still looking toppish, I think EURJPY has peaked.

Shorted 50,000 EURJPY at 168.54
Stop loss at 169.00
Target level at 167.70

Chart:
Forex and Binary Trading: Shorted 50,000 EURJPY at 168.54
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Old 07-09-2008, 01:36 PM   #50 (permalink)
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GBP fell against EUR after an industry survey showed confidence among Britain's consumers dropped in June to the lowest level in at least 4 years.

I personally think with the current weakness in UK economy, GBP is overvalued.

Bought 50,000 EURGBP at 0.7967
Stop loss at 0.7937
Target level at 0.7990
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