Open trading account 
In today's blog post I would like to give a quick review of one of my latest trades which was short GBP/JPY(see Figure 1). The whole premise behind this trade was a broken support which was pointing to further downside movement. Not to mention that once cable has broke the key support level of 1.5000 which is a very big round number, would send a strong signal across the board that GBP is very weak. This was a very quick trade as weekend was approaching I was not having enough margin left to hol…
Daytrader21's Blog
Quick Review GBP/USD Trades
Cable has stared this week moving in a very tight consolidation just few pips above the psychological number and big round number 1.5000. At first impression it was behaving has it would hold as support and I got long (see 1st trade Figure 1) but I decided to move my SL closer to the market action as soon as I was in profit and in the end I ended up with around 50 pips in profits. After I got out I saw the down momentum was fading away and I tried one more time to go long but I was lucky enough …
Quick Review of my First Trade; Short EUR/AUD
Currency Pair: EUR/AUD
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.44607
Close Price: 1.441732
PnL: +43 pips Profit
Open date: 01.07.2014 12:48:49
Close Date: 01.07.2014 22:12:19
Reasons Behind the trade: The only reason why I traded this pair was because I wanted to maximize my profits through a more volatile pair. I was bullish the Australian Dollar which at that moment I felt it's going to break up and at the same time this bullishness will be felt across the board on every …
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.44607
Close Price: 1.441732
PnL: +43 pips Profit
Open date: 01.07.2014 12:48:49
Close Date: 01.07.2014 22:12:19
Reasons Behind the trade: The only reason why I traded this pair was because I wanted to maximize my profits through a more volatile pair. I was bullish the Australian Dollar which at that moment I felt it's going to break up and at the same time this bullishness will be felt across the board on every …
Quick Review of my Long GBP/AUD Trade
Currency Pair: GBP/AUD
Side: Long
Amount: 5Mill
Time Frame: 4h
Open Price: 1.783504
Close Price: 1.784852
PnL: +13 pips Profit
Open date: 13.04.2014 22:35:13
Close Date: 16.04.2014 01:59:41
Reasons Behind the trade: The only reason why I traded this pair was because of the extreme oversold conditions and the fact that I had the change to re-enter a position in the direction of the primary bullish trend. The only thing that went wrong with this trade was the fact that I trailed my stop loss…
Side: Long
Amount: 5Mill
Time Frame: 4h
Open Price: 1.783504
Close Price: 1.784852
PnL: +13 pips Profit
Open date: 13.04.2014 22:35:13
Close Date: 16.04.2014 01:59:41
Reasons Behind the trade: The only reason why I traded this pair was because of the extreme oversold conditions and the fact that I had the change to re-enter a position in the direction of the primary bullish trend. The only thing that went wrong with this trade was the fact that I trailed my stop loss…