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Monthly Archives: January 2017

Short AUDUSD

2017 will be the year most OECD countries will be looking at inflation as a gauge of economic growth.

Today was Australia’s turn on CPI, forecast was 0.7%.

I decided to place a straddle trade with the following details: –

Stop if Offered at 0.7565 (SL at 0.7585), Spot at 0.7595, Stop if Bid at 0.76230 (SL at 0.7595)

As it turned out I was surprised at the lower CPI number of 0.5% and with trimmed figures at 0.4%.  I wasn’t suspecting this to happen as I believe inflation is running alittle wild in Australia.

Nonetheless, my Stop if Offered was triggered at 0.7565 and I squared the position at 0.7540 for a trading profit of 25bps.

Long USDJPY at 112.90

I decided to Long USDJPY at 112.90 with a SL at 112.70.

When USDJPY reached 113.35, I squared half the position for a trading profit of 45yen.

Later on when US opened, the USDJPY just didn’t seem to have any more steam and just when I almost decided to square the position at 112.93, it rebounded and I squared the position at 113.31 for a trading profit of 41yen.

What luck!

USDJPY…………looking good to Long?!

Looking at the 4H chart, I couldn’t really see any clarity in the situation of USDJPY, don’t know whether to Long or Short.

However, go to the 15M chart, then, all of a sudden clarity comes into the picture.  The spot rate cut above the 50MA at 112.87.

I was out for lunch so couldn’t really do anything, however, I decided to put in a Long, Stop If Bid at 112.90 with SL at 112.70.

As it turned out, my trade was triggered and I am now Long USDJPY at 112.90.  Current spot is at 113.28.  Let’s follow the spot position and see what happens.

Cheers to all.

Sleepless in Singapore

I was suffering from insomnia last night and couldn’t sleep, so I decided to turn on my computer at 4am in the morning.

Straight away I noticed that the USDJPY had crossed both the SMA 50 and SMA 200 moving averages.

I immediately gave chase and placed a Long USDJPY at 113.50.

I squared the position before leaving for my 9 holes golf game at 10:30am at 114.68 and locked in a trading profit of 1.18yen!!!

First trade for 2017; Theresa May

Tonight, Theresa May is addressing the nation on how she is going to implement Brexit.

She mentioned that the Government will put the final Brexit deal to a vote in both houses of parliament.

Does this mean that there is a possibility of a repeal in the Brexit?

Market seems to like what is it hearing from Theresa May.

I decided to place a straddle when her speech started with the following details: –

GBPUSD: Stop if Offered at 1.2120 (SL 1.2140), Spot at 1.2158, Stop if Bid at 1.2175 (SL1.2145)

My Bid was triggered and I rode it up till I squared the position at 1.2325 (High was 1.2346) for a trading profit of 150bps!!!

Thank you Theresa May and what a trade to start the Year of the Rooster!!!

14 Dec 2016; FOMC Decision

Long USDJPY at 115.31 and squared at 116.40 for a trading profit of 1.09yen.

Short GBPUSD at 1.2696 and squared at 1.2616 for a trading profit of 80bps.

5 Dec 2016; Long EURUSD, Long USDJPY

Long EURUSD at 1.0586 and squared at 1.0645 for a trading profit of 59bps.

Long USDJPY at 113.57 and squared at 114.14 for a trading profit of 57yen

1 Dec 2016; Long EURUSD and Short USDJPY

Long EURUSD at 1.0595 and squared at 1.0620 for a trading profit of 25bps.

Short USDJPY at 114.25 and squared at 113.95 for a trading profit of 30yen.

30 Nov 2016; Short EURUSD

Short EURUSD at 1.0634 and squared at 1.0598 for a trading profit of 36bps.

30 Nov 2016; Long USDJPY

Long USDJPY again at 112.50 and squared at 113.66 for a trading profit of 1.16yen