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Performance

Elliott Wave Trade Ideas Performance Update

Typography

We bought sterling against yen early last week at 139.10 and although the pair did rise again to 140.35, as the pair then retreated again, we exited the position with small profit at 139.55, however, the pound found renewed buying interest at 139.20 and rallied in line with our bullish expectations and jumped to as high as 142.10 today (exceeded our upside target).

We entered a long position in USD/CAD at 1.3430 and a short position in EUR/GBP at 0.8475 and both positions are still holding at the moment.

No position was entered among other currency pairs.

In short, 3 positions were entered with total profit of 45 points and the positions are listed below.


 20 Apr : GBP/JPY - Long at 139.10, exited at 139.55 (+ 45 points)
 24 Apr : USD/CAD - Long ar 1.3430,
 24 Apr : EUR/GBP - Short at 0.8475,


 


|                 AUD        EUR/JPY           EUR/GBP         CAD          GBP         GBPJPY
Jan             - 15             -275                - 35            -120
Feb           + 140            -17                  - 40             +11
Mar            - 20            +115                +132           - 19
Apr             + 30                                                    - 40                         + 45
May          
Jun           
Jul            
Aug          
Sep              
Oct           
Nov         
Dec                                                                                                                                               
Y-T-D        + 135           - 177               + 57             - 2                          +45

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Author: Action Forex
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