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ForexTools
07-11-2011, 12:21 PM
Candlesticks and Ichimoku Trade Ideas Performance Update

We bought swissy last week at 0.8375 and the currency pair did find good demand at 0.8364 and rallied from there, however, as dollar has fell short of our indicated upside target at 0.8500 and has retreated from 0.8495, we exited our long position at 0.8475 with 100 points profit and price eventually rose to 0.8523 before tumbling on Friday due to the release of weaker-than-expected U.S. job reports.
In cable, we got whipped early last week, we bought the pound initially at 1.6070 and got stopped at 1.6035, then we turned short on subsequent recovery to 1.6050 but cable staged a much sharper than expected rebound to 1.6128 before running into heavy offers again there and tumbled to as low as 1.5931 on Friday.
We had been on the wrong side of euro the whole week and we apologize on that, we bought euro once at 1.4400 and although price did rebound to 1.4467, since there was no update on Wednesday, we did not change our stop and the position was stopped at 1.4365. We then ventured long again as euro rebounded sharply from 1.4220, apparently we underestimated the eurozone debt crisis concerns and the single currency dropped again to 1.4205. After the release of much weaker-than-expected NFP and jobless rate, we bought the pair for the third time last week, however, euro only rebounded up to 1.4351 before meeting renewed selling and tumbled form there to 1.4110 today.
No position was entered in USD/JPY.
In short, 6 positions were entered among all 4 currency pairs with total losses of 75 points and the positiona are listed below:
4 Jun: GBP/USD - Long at 1.6070, exited at 1.6035 (- 35 points)
5 Jun: GBP/USD - Short at 1.6050, exited at 1.6085 (- 35 points)
6 Jun: EUR/USD - Long at 1.4400, exited at 1.4365 (- 35 points)
6 Jun: USD/CHF - Long at 0.8375, exited at 0.8475 (+100 points)
8 Jun: EUR/USD - Long at 1.4280, exited at 1.4245 (- 35 points)
8 Jun: EUR/USD - Long at 1.4255, exited at 1.4220 (- 35 points)

JPY EUR CHF GBP
Jan -29 +40 +156 +100
Feb +161 -70 -10 + 5
Mar - 32 -37 - 50 -128
Apr 0 0 + 85 + 65
May - 15 +118 - 50 - 80
Jun + 40 +204 +118 +112
Jul -105 +100 - 70
Aug
Sep
Oct
Nov
Dec
Y-T-D +125 +150 +349 + 4

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