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Candlesticks and Ichimoku Trade Ideas Performance Update Print E-mail
Signals Performance | Written by Action Forex | Dec 19 16 16:50 GMT
Although we got yen on the right direction last week, unfortunately the stop levels we placed were not quite accurate, we bought USD/JPY at 114.80 and dollar did find renewed buying interest at 114.74 and rebounded, we exited our long position on the retreat from 115.48 but dollar held above 114.74 level and rallied on FOMC to as high as 118.66. We then turned short after seeing the retreat from 118.66 and a short position was entered at 118.25, although dollar did top out at 118.66, the subsequent rebound to 118.64 took our stop at 118.60 before the anticipated retreat taking place and dollar fell below 117.00 level today.

We bought euro against dollar once at 1.0570 and the post-Fed selloff tripped our stop at 1.0535 and price tumbled to as low as 1.0366  before recovering.

We ventured long in cable at 1.2425 after seeing the post-Fed decline as we expected an imminent rebound to take place soon, the position was stopped at 1.2390 as sterling fell to as low as 1.2376 before staging the anticipated rebound back to 1.2510.

In short, 4 positions were entered among all 4 currency pairs with total loss of 78 points and the positions are listed below:

13 Dec : USD/JPY - Long at 114.80, exited at 115.07 (+27 points)
15 Dec : EUR/USD - Long at 1.0570, exited at 1.0535 (- 35 points)
15 Dec : USD/JPY - Short at 118.25, exited at 118.60 (- 35 points)
15 Dec : GBP/USD - Long at 1.2425, exited at 1.2390 (- 35 points)


|                 JPY             EUR             CHF            GBP

Jan            - 70              + 45            + 12
Feb           -123               - 45            - 10          +290
Mar           +138             + 25            - 15           -140        
Apr           + 20              + 102           + 55        +510
May           - 61                 0              - 10          +143
Jun           + 50               + 35            + 42         + 95
Jul            -  65              +100           +275         +155
Aug           - 70               + 92              + 95       + 75
Sep           + 25               + 7              + 85        + 13     
Oct            - 35               - 35              - 25        +320
Nov           -110               - 5                -18         -110
Dec          -  43              +65                               - 25
Y-T-D       -344              +386            +486         +1316

 

About the Author

Candlesticks Intraday Trade Ideas Update Schedule (GMT):
1st Update: 0630 - 0700; 2nd Update: 0930 - 1000; 3rd Update: 1230 - 1300; 4th Update: 1500 - 1530
Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT):
AUD/USD, EUR/JPY: 0800 - 0830; EUR/GBP, USD/CAD: 1430 - 1500 GMT

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