Elliott Wave Trade Ideas Performance Update

Not a very good week for us, the choppy movement in sterling tripped most of our stops in GBP/USD and GBP/JPY, however, we were able to enter a long position in EUR/GBP at 0.8530 and our upside target at 0.8630 was just met today.

A long position was also entered in USD/CAD and the position is still holding at the moment. 

No position was entered among other currency pairs.

In short, 5 positions were entered last week with total loss of 70 points and the positions are listed below.
 

17 May : GBP/USD – Short at 1.2920, exited at 1.2970 (- 50 points)
18 May : GBP/JPY – Long at 144.50, exited at 143.90 (- 60 points)
18 May : EUR/GBP – Long at 0.8530, exited at 0.8630 (+ 100 points)
19 May : GBP/USD – Long at 1.2995, exited at 1.2935 (- 60 points)
22 May : USD/CAD – Long at 1.3530,

|                 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           +120                              + 45
May                             – 55                  +100                                     -65       -60         
Jun           
Jul            
Aug          
Sep              
Oct           
Nov         
Dec                                                                                                                                               
Y-T-D        + 135           – 232               +117            + 158             -65            – 15