* You are viewing the archive for August, 2008
Today, it should be our last trade in August and we raked in 30 pips. During the London session, Japanese Yen was on fire. The stop sell order, 160.66, was filled at 7:31 GMT and our take-profit target, 160.36, was hit about 9 minutes later.
It’s a double whammy day. We had a loss of 60 pips. Both stop buy and sell orders hit the wall today. It was a ranging market during the European session. First, the stop sell order 160.84 was filled. As soon as it was filled, the price movement turned around and hit our stop loss. The same action repeated itself when the stop buy order was filled. Oh well, better luck tomorrow.
It was a break-even day for us today. Both trades were executed - one win and one loss. During the super fast market this morning in the European session, the stop buy order was first filled at 161.41. Ten minutes later, the stop loss was hit. We incurred a 30-pip loss. And then, 4 to 5 minutes later, the stop sell order was filled at 160.81. Surprisingly, just in 5 minutes, our take profit target was reached. This time, we gained 30 pips. So, we netted zero pip today.
Today, we had a small profit of 14 pips. Our stop buy order of 162.19 was filled; however, by 13:30 GMT, the 30-pip take profit target, 162.49, was not reached yet. So, we changed the take profit to 162.33, and the stop loss to 162.22. Finally, at around 14:00 GMT, our take profit 162.33 was hit, 14 pips of profit.
Unfortunately, we incurred a loss, -30 pips, today. Our stop buy order at 162.23 hit the stop loss at 161.93 before the price turned around at about 161.87.
We broke even today with the euro yen 30/30 breakout system. The stop buy order at 162.50 was filled but the price was unable to break above 162.60. So we took a hit on this order, a 30-pip loss. The stop sell order at 162.08 did well. In 15 minutes or so after the order was filled, we pocketed the 30-pip profit.
Another good day for the euro yen 30/30 breakout system. Although the market was quiet and choppy during the European session and early U.S. session, our stop sell order was able to bring in a profit of 30 pips. The stop sell order was filled at 162.28 at around 8:30 GMT. It did not hit our take-profit target of 161.98 until around 14:18 GMT.
The euro yen 30/30 breakout system brought us a 30-pip gain today. The stop buy order was filled at 163.34 at around 7:47 GMT. About 2 and 1/2 hours later, the take-profit target was reached, although the price movement during the early European session was relatively quiet.
