AdamFx42's Blog

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Back in the top 10 this month

I am in the top 10 since yesterday
My strategy for this this month is paying off
First I was long Gbp and Eur, and got out with a nice profit of 40K, and switched to Chf
I was patient and waited with my Chf positions - that was good
There was finally some movement/recovery in Chf crosses yesterday,
and I managed to get out with a total of 100K profit, altogether
I noticed Gbp was unable to move higher after GbpUsd failing at 1.25
So I shorted Gbp crosses and made another quick 40K, witch was nic…
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USD/JPY looking weaker after Friday NFP

After Friday's roller coaster ride post-NFP Usd/Jpy ends up lower
After looking stronger just after the (weaker) NFP release,
USD/Jpy failed to break and stay above 125
It looked like traders were betting on a September rate hike,
but the market news reports did not confirm this,
and profit taking set in - bringing the pair down again
Opportunities present themselves now to sell Jpy crosses
Also the SNB announced their willingness to prevent a higher Chf again,
and said that they might intervene…
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GBP strenght setting off - first against the NZD

Gbp has put in a strong case for the bulls gaining more than 200 pips in a day on Gbp/Nzd
I chose Gbp/Aud, and had a position - long - waiting on Gbp/Nzd,
I was thinking about trading it first, because of the stronger moves and gains,
but considered it a little to volitile - especially at the beginning of the tournament,
so I chose to go long Gbp/Aud first and put in a buy limit in Gbp/Nzd higher up -
the position did open and gained almost 200 pips, but because Gbp/AUd did not move,
I only had …
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