Currency Strength and Weakness for Wednesday 27th February 2013

PetDane

Private, 1st Class
Messages
43
Difficult market, I made some moment then got stuck with some losing trades. I was down quite a bit for a while, but got steadied and should be alright if I patient. Today I will try AUS/USD short

Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
1988749 2013.02.26 06:48 sell 0.01 eurjpy 119.881 0.000 119.478 2013.02.26 09:08 119.478 0.00 0.00 0.00 4.40
1988801 2013.02.26 07:24 sell 0.01 cadchf 0.90651 0.00000 0.90880 2013.02.26 10:01 0.90880 0.00 0.00 0.00 -2.46
1988969 2013.02.26 09:04 sell 0.01 cadjpy 89.418 0.000 89.029 2013.02.26 18:00 89.029 0.00 0.00 0.00 4.24
1988974 2013.02.26 09:06 sell 0.01 audjpy 94.069 0.000 93.603 2013.02.26 09:34 93.727 0.00 0.00 0.00 3.74
1988981 2013.02.26 09:08 sell 0.01 nzdjpy 76.243 0.000 75.977 2013.02.26 15:22 76.081 0.00 0.00 0.00 1.76
1988995 2013.02.26 09:12 sell 0.01 eurjpy 119.500 0.000 119.092 2013.02.26 09:28 119.092 0.00 0.00 0.00 4.46
1989320 2013.02.26 10:29 sell 0.01 gbpcad 1.55377 0.00000 1.55279 2013.02.26 13:50 1.55279 0.00 0.00 0.00 0.96
1989344 2013.02.26 10:31 sell 0.01 gbpchf 1.41021 0.00000 0.00000 2013.02.26 10:33 1.40921 0.00 0.00 0.00 1.08
1989347 2013.02.26 10:31 sell 0.01 gbpusd 1.51458 0.00000 1.51071 2013.02.27 01:11 1.51303 0.00 0.00 -0.03 1.55
0.00 0.00 -0.03 19.73
Closed P/L: 19.70
Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit
1988745 2013.02.26 06:46 sell 0.01 eurchf 1.21305 0.00000 1.21077 1.21859 0.00 0.00 -0.03 -5.94
1988736 2013.02.26 06:44 sell 0.01 eurusd 1.30375 0.00000 1.30121 1.30647 0.00 0.00 -0.03 -2.72
1989353 2013.02.26 10:32 sell 0.01 gbpaud 1.47499 0.00000 1.47257 1.47862 0.00 0.00 0.05 -3.71
1989374 2013.02.26 10:37 sell 0.01 gbpchf 1.40852 0.00000 1.40521 1.40972 0.00 0.00 -0.05 -1.29
1989351 2013.02.26 10:32 sell 0.01 gbpnzd 1.81866 0.00000 1.81448 1.83282 0.00 0.00 0.04 -11.68
1991905 2013.02.27 06:06 sell 0.01 audusd 1.02217 0.00000 1.01955 1.02235 0.00 0.00 0.00 -0.18
0.00 0.00 -0.02 -25.52
Floating P/L: -25.54
 

George Mcall

Corporal
Messages
89
Again thank you for some great ideas. I agree that it is likely we will continue to see Kiwi weakness. It was just a few days back when the Kiwi was the strongest with people not being able to get enough - how the mighty fall. The Euro is in an interesting dilemma. While the comedians in Italy are unable to form any government, I think the appetite for the Euro is limited. However that may change at a moment. Certainly it has great potential to go long. With the Dollar, the good Dr Bernanke is always the wildcard. He has shown himself to be just a bit hawkish of late though nothing that lasts. There is no doubt that USD has found strength and will in all likelihood retain that strength and thus buying it against the weakling makes sense.

Again many thanks to you.
 

Andrew Mitchem

Special Consultant to the FPA
Messages
2,007
7% gain after adding your analysis to my strategy.:)
Hi Manny,

Excellent news, thanks for sharing.

Now imagine if you could do this all the time and learn to select these same strengths and weaknesses for yourself? That's where my course could help you with your trading.


Andrew


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,007
Hi Andrew -

I'm surprised you stayed away from JPY today (I guess due to volatility) and AUD, which is also as weak as GBP. Also - CAD is showing a bit of strength today after job numbers.
Any reason why those other currencies are off the radar today?

Thanks as always.
Hi John,

Yesterday had few good setups at the time I was analysing the charts. The JPY and AUD were fairy neutral at the time.

Andrew


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,007
Hi Andrew,

thank you for the recommendations yesterday I am up over 100 pips and could have gone much further !
Four out of the five trades based on your Buy and Sell tips were winners - with these odds and your Reward to risk ratio plus the free lot size calculator - I can see this may be a turning point in my trading.

Thank you so much and congratulations on your forex skills !

Deborah
Hi Deborah,

Great news, well done. Pleased my suggestions are helping you.

Andrew


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,007
Difficult market, I made some moment then got stuck with some losing trades. I was down quite a bit for a while, but got steadied and should be alright if I patient. Today I will try AUS/USD short

Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
1988749 2013.02.26 06:48 sell 0.01 eurjpy 119.881 0.000 119.478 2013.02.26 09:08 119.478 0.00 0.00 0.00 4.40
1988801 2013.02.26 07:24 sell 0.01 cadchf 0.90651 0.00000 0.90880 2013.02.26 10:01 0.90880 0.00 0.00 0.00 -2.46
1988969 2013.02.26 09:04 sell 0.01 cadjpy 89.418 0.000 89.029 2013.02.26 18:00 89.029 0.00 0.00 0.00 4.24
1988974 2013.02.26 09:06 sell 0.01 audjpy 94.069 0.000 93.603 2013.02.26 09:34 93.727 0.00 0.00 0.00 3.74
1988981 2013.02.26 09:08 sell 0.01 nzdjpy 76.243 0.000 75.977 2013.02.26 15:22 76.081 0.00 0.00 0.00 1.76
1988995 2013.02.26 09:12 sell 0.01 eurjpy 119.500 0.000 119.092 2013.02.26 09:28 119.092 0.00 0.00 0.00 4.46
1989320 2013.02.26 10:29 sell 0.01 gbpcad 1.55377 0.00000 1.55279 2013.02.26 13:50 1.55279 0.00 0.00 0.00 0.96
1989344 2013.02.26 10:31 sell 0.01 gbpchf 1.41021 0.00000 0.00000 2013.02.26 10:33 1.40921 0.00 0.00 0.00 1.08
1989347 2013.02.26 10:31 sell 0.01 gbpusd 1.51458 0.00000 1.51071 2013.02.27 01:11 1.51303 0.00 0.00 -0.03 1.55
0.00 0.00 -0.03 19.73
Closed P/L: 19.70
Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit
1988745 2013.02.26 06:46 sell 0.01 eurchf 1.21305 0.00000 1.21077 1.21859 0.00 0.00 -0.03 -5.94
1988736 2013.02.26 06:44 sell 0.01 eurusd 1.30375 0.00000 1.30121 1.30647 0.00 0.00 -0.03 -2.72
1989353 2013.02.26 10:32 sell 0.01 gbpaud 1.47499 0.00000 1.47257 1.47862 0.00 0.00 0.05 -3.71
1989374 2013.02.26 10:37 sell 0.01 gbpchf 1.40852 0.00000 1.40521 1.40972 0.00 0.00 -0.05 -1.29
1989351 2013.02.26 10:32 sell 0.01 gbpnzd 1.81866 0.00000 1.81448 1.83282 0.00 0.00 0.04 -11.68
1991905 2013.02.27 06:06 sell 0.01 audusd 1.02217 0.00000 1.01955 1.02235 0.00 0.00 0.00 -0.18
0.00 0.00 -0.02 -25.52
Floating P/L: -25.54
Hi PetDane,

Still no stop losses on your trades I see. Be careful with that.

I promote very low risk trading to my clients. Personally I trade with a maximum of a 0.50% account risk per trade. Therefore it is the currency pair traded and the stop loss amount of the trade which determine the position size of the trade - but it always equals a pre-known account percentage risk should the trade get stopped out.

Download the free Lot Size Calculator off my site if you want to see how powerful this is.

Regards
Andrew


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,007
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The_Snowman

Banned for uncivilized racist postings
Messages
38
Thanks for the clarification on post screening, they are getting through now.

To add to Andrew's suggestion, check out this website also in regards to figuring out the relationship between when the suggestions are posted, market open times, and your own local time.

Forex Market Hours

Constantly amazes me that people think that they can trade forex yet cannot calculate timezones, really, do a little research.

Might be blunt but it is a serious business, we all need a bit of giddy up from time to time (pun intended)

:D
 

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