Latest Trade Ideas

Performance

Candlesticks and Ichimoku Trade Ideas Performance Update

Typography

We ventured long in USD/JPY at 110.60 early last week, however, active cross-buying in yen continue putting pressure on the greenback, dollar has continued heading south, the position was stopped at 110.25, price then fell to as low as 108.13 yesterday before recovering.

A short position was entered in cable at 1.2475 but in view of the strong rebound from 1.2365, we quickly exited the position at 1.2480 and sterling then surged to 1.2575 last week and later above 1.2700 level today.

Another short position was entered in euro at 1.0665, although the pair met resistance at 1.0678 and retreated, renewed buying interest emerged just above 1.0600 level and the pair has rebounded again on back of the rally in sterling, the position was stopped at 1.0675 and price rose to 1.0700.

In short, 3 positions were entered among all 4 currency pairs with total loss of 50 points and the positions are listed below:


11 Apr : USD/JPY - Long at 110.60, exited at 110.25 (- 35 points)
11 Apr : GBP/USD - Short at 1.2475, exited at 1.2480 (- 5 points)
13 Apr : EUR/USD - Short at 1.0665, exited at 1.0675 (- 10 points)



|                 JPY             EUR             CHF            GBP

Jan          + 167             - 85              - 10            + 50
Feb          + 200            +150             +93            - 59
Mar              -23              -70               -23            - 35
Apr             - 35              -10                                 - 40
May         
Jun          
Jul           
Aug         
Sep             
Oct         
Nov        
Dec                                                                                               
Y-T-D       + 308            - 20                +60           -84     

 

About the Contributor
Author: Action Forex
More from the contributor