Tag Archive Trade

Profit on Japanese Yen Weakness




We entered this trade to profit on Japanese Yen weakness.

We entered this trade, taking into account forex trading news events, we hoped to stay trading longer term until price could reach at least above the 8400 mark.

On the the chart we can clearly see an area around the 8400 mark, and price appear to be trying to gain higher levels at previous times, while also dropping to lower and lower levels also.

Hoping that price could break through what was becoming a strong level of resistance, if this had happened, we may have seen price move to possible area around the 8700 area.

Noting this week we had data for the AUD we had Monetary Policy Meeting Minutes and Unemployment Rate and for the Yen, the news of Japanese Trade Balance.

So being both cautious and mindful of the sudden change in the money trading, we decided to take the profit for the fund.

Japanese Yen

(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. 




Trading CAD/JPY for Profit




Deciding this week on trading CAD/JPY forex pair for profit.

We intended on staying in the trade for only a short time rather than long term, knowing the Canadian Dollar is massively affected by oil prices, this is because of Canada’s export of energy, we had a slight concern over volatility.

Next week could be interesting for the Canadian Dollar and trading CAD/JPY due to the Bank of Canada monetary policy announcement that could add intense volatility to the Canadian Dollar.

Also the ongoing trade tensions that the Canada could have with the US with tension over trade with China is a risk for the Canadian Dollar.

We also took note of the Bank of Japan’s latest QE policy and how it deals with the latest inflation battle and at the same time, trying to give the Japanese Yen some strength to help it’s economic activity.

Still we managed to trade the CAD/JPY and take some profit of £143.90 for the fund.

Trading CAD/JPY

(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. 




Trade Worries to Quick Short the Dow




At the end of June we took an opportunity with current trade worries to quick short the Dow Jones.

This was a quick move, although not at first planned as we had hoped to stay in the trade longer to allow for the risk/reward ratio to get better.

The Dow along with other stock markets around the world become victim to fearful trading recently shown to be blighting the European market sessions.

In the markets the is still trade worries about Trump’s wording and planned tariffs against Chinese products, and it could be continued that both China and the US are not going to be resolving the trade issues any time soon, however never say never and these things can surprise us when we least expect.

We conducted some analysis and prepared to take a trade, although perhaps for a little longer, but decided a quick “scalp” as it turned out for £1,042.00 profit was good for the fund.

Trade Worries

(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. 




Shorting Silver before a Breakout




Shorting Silver before a breakout, with silver looking to have been trading with in a narrow range for a good couple of years as shown by the bottom Tradingview weekly chart.

Within the narrow range we took our opportunity to take a quick short trade on silver, price had reach the resistance level, so after hitting this level it was struggling to breakout still, after placing our trade, price then took a sudden drop similar to the previous drops as shown on the daily chart below.

We know that price will have to breakout soon, and our conclusion is it’ll head for an upward trend, when, this we are unable to speculate at this time, the is a build up of orders appearing below and around the 1650.0 area, whether these buyers have the strength to help price breakout of the current range soon and even take price slightly highers is again hard to speculate but could be possible.

We as always had been thankful for our analysis help us to a profit of £60.10 for the fund, we could be keeping a close watch on silver for more opportunities, perhaps not to short and more or a buyer potential.

Shorting silver

 

Silver on the Tradingview Weekly Chart.

shorting silver

(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. 




GBPCAD First Trade of the Week




In to the started June with the first trade of the week on GBPCAD.

We had some UK data from the Construction PMI showing perhaps modest improvement within the UK construction activity as we are midway through the second quarter of the year at 52.5 for the month of May.

We also had Services PMI at 54.0 above what was forecast at 52.9 meaning possible industry expansion however in recent months we have seen business volumes continued to rise at a relatively subdued rate and weak customer demand so how long the increase can hold is anyone’s guess.

These result had given the GBP some strength.

With Canadian Labor Productivity q/q out, the last result back in March had been 0.2% which was more than forecast, on today’s expected result some investors could be waiting nervously expecting a further drop in strength for the CAD.

We entered our first trade of the week for the short term given the new releases.

And with possible Sellers at around the 17600 area looking to short, we didn’t want to hang around for long.

So still managed a nice profit of £153.80 for the fund.

first trade

(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. 




Quick Decision on Oil





Oil had been in a uptrend for a short period of time, we made a quick decision on crude oil.

We decided on a quick sell trade, as we believe price had been touching resistance level.

However with news that OPEC to be cutting crude output by as much as 1.8 million barrels per day.

Despite the recent cuts, analysts say supply is still going to be meeting demand, we could soon see another rise in price.

Oil Trade

(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. 




German DAX Trade




Looking at the DAX to be slowly gaining some ground, we’d entered the trade on the DAX on the up move.

We did have some data out this week regarding the Euro, German Prelim GDP q/q, German ZEW Economic Sentiment and the Final CPI y/y which can have an effect on the DAX strength.

Looking at the chart we could see price entering an area we believe could have some more sellers and even in to the 13200 area, we were in good profit on the trade and didn’t want to risk a pullback.

We closed the trade and made some money for the fund.

DAX Trade

(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. 




Taking Profit on GBPCAD before a downturn




We went in to the trade to profit on the GBPCAD with possible strength gain for the trade, however with recent news about the unlikely rate hike at the BoE on Thursday, this may mean the GBP weakening.

We had a long position in an area of buyers around the 17400 mark, we could have waited for the retracement to complete at the area of sellers at around the 18000 area, however with news due out later today on the UK  10-year bond auction and the BRC Retail Sales Monitor looking like a reduction in the value of same-store sales the GBPCAD might not manage to reach the mark.

Instead we took our profit before the downturn continues.

gbpcad

(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. 




Scalp Trade on GBPUSD




So not the trade we were hoping for with a trade on GBPUSD.

We did hope for further momentum to the upside to the area of 13800 however we took notice of some factors which may mean the  bearish trend is expected to prevail for a while.

In the economic news, on Tuesday the Fed Chair Jerome Powell Speaking at the High Level Conference on the International Monetary System in Zurich and on Thursday the Bank of England Gov Mark Carney will be delivering the BoE decision on Interest Rates, though we are seeing a shift in expectations and the likelihood for the BOE to raise rates are looking rock bottom, and we’ve seen the big shift in the chart.

The trend is still looking at the downside and may not break the previous lows but we could still be in for an extended period of a downtrend.

So we’ve settled on a quick scalp trade, still £27.60 if still profit for the fund.

trade

(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. 




Correlation trade on GBPUSD and FTSE 100 12th Oct +£52.10 Profit

A representation of how correlation works. As the value of pound rises, the FTSE 100 decreases in value, and why? Well because assets require more purchasing power when the pound decreases in value. Aiming for 13180 as a trade target but we were happy with current profit so closed out. However, in hindsight, we should have held for a little bit longer because it absolutely smashed through our target and is in the 133 area.

FTSE

(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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