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Daily Archives: January 17th, 2017

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

30 Nov 2016; Long USDJPY

Long USDJPY at 112.50 and squared at 112.90 for a trading profit of 30yen.

29 Nov 2016; Long EURUSD

Long EURUSD at 1.0595 and squared at 1.0653 for a trading profit of 58bps.