Tag Archive Profits

Taking Profit on GBPJPY Before the Sell Off




We closed out a forex trade to begin the month of July taking profit on GBPJPY before the sell off.

With the FTSE and those markets in Europe heading lower, many markets had been fearful of the ongoing trade standoff between the US and China, so had been selling massively with concerns the imposed tariffs could have the potential to impact economic growth.

We knew buyers could have the strength previous in the market to take price up, the UK Manufacturing PMI data which is  a leading indicator of economic health came out with good results at a positive 54.4  hence our long position, however as concerns had been growing, sellers were coming in to the market taking profits, we decided on taking profit also due to the impact the sellers were having on price and could eliminate a profitable position.

A £176.80 is a good amount of profit considering it could all be lost and go in to the negative should sellers stay in the market.

Taking Profit

(Our trading and image was done using an account with UK based broker IG)

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




Profit from Bitcoin Crytpocurrency

The Cryptocurrency has been trading near the $9,436 level and has jumped almost 20% in the past week as the speculation of Bitcoin and other cryptos continue.

Despite the recent downtrend we decided to take a quick Buy position, the recent low looks to have been tested and looking like a support, whether the is more of a downturn to come for the cryptocurrency that’s anyone guess, however some strength in the market is still available and some commentators believe Bitcoin will raise further, and a potential upheaval back to around the $12,000 level into an area of resistance and more sellers.

A possible price growth and we could see the cryptocurrency’s value soar to higher levels than it had shown back in 2017.

We went for the short term, a bounce off a supply level and took profit for £427.38

Bitcoin

(Our trading and image was done using an account with UK based broker IG)

If you want to learn how to make money online, then click here to learn about one of our Traders

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 

Crude Oil (WTI) Long 12th September 2017 +£32.60

A Very Simple Before & After

So I’m just going to show you a simple Crude Oil (WTI) Long trade that I had taken on the week of the 11th of September.

You can see that I’m on a daily time frame for this one, as it best describes what’s happening in a bigger picture.

So using a daily time frame can paint a larger picture for what’s happening. As you can see, 3 days before I entered a quick scalp there was a huge fall in price (150+ pips). I discerned 1 one thing after this big drop.

There had to be a natural pullback at some point as people begin to take their profits. I remained patient and calm and I carefully picked my entry 3 days later, which was pretty much at the lows of the day.

US CrudeUS Crude Oil

 

(Our trading and image was done using an account with UK based broker IG)

If you want to learn how to make money online, then click here to learn about one of our Traders

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




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