Trader456's trading ideas - page 33
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I had entered this trade based on 1 proven indicators (usually use 2 proven indicators), so not very comfortable to hold this trade for too long. Decide to close this trade. Closed at 0.8200, profit is 33 pips.
Heard of central bank buys AUDUSD at around 0.8185.
Today European Central Bank is going to announce interest rate decision at 1145 GMT Hours (1 hour away).
We had heard of a large US fund house entering a huge EURUSD trade today. Maybe they know something in advance of this announcement. We had followed them in this trade.
Sell EurUsd at 1.2107
Stop level at 1.2207
Target level at 1.2000
Sell EurUsd at 1.2107Stop level at 1.2207Target level at 1.2000
Hit the stop, loss is 100 pips.
Sell EURUSD at 1.2208
Stop level at 1.2308
Target level at 1.2000
Sell EURUSD at 1.2208Stop level at 1.2308Target level at 1.2000
EurUsd upwards pressure looks strong. Decides to cut loss.
Closed at 1.2270, loss is 62 pips.
Buy AUDUSD at 0.8579
Stop level at 0.8490
Target level at 0.8800
"The market currently expects a bad number, so a negative non-farm payrolls report will not be enough of a surprise. The current forecast calls for 60k jobs to be shaved off US payrolls. "
60k jobs, that's a lot of jobs! What about the rest of the world?
Resistance formed at 0.8660. Decides to close this position.
Closed at 0.8646, profit is 67 pips.
Original trade:
Buy AUDUSD at 0.8579
Stop level at 0.8490
Target level at 0.8800