Skip navigation

Category Archives: Trades

These is where we share with you the trades that we have executed. We also track our trades for overall profit/loss reconciliation.

Trade: Call Option on GBPUSD expiring Friday, January 17th, 2014

The GBPUSD did a wonderful see saw roller coaster ride from Friday last week with the weak NFP numbers. Initially, it strengthened about 100bps, then on Monday in the afternoon, it took a nose dive from 1.6500 to 1.6350. From this morning, the GBPUSD was making a slow comeback grind from 1.6350 to 1.6390 in Asia session.

The Ichimoku and stochastics indicated that the GBPUSD was primed for a move back up. So I decided to buy a call option struck at the money spot of 1.6390 with a premium cost of 46bps, expiring on Friday, January 17th and a breakeven of 1.6436.

Right now in the US morning session, the GBPUSD is holding steady at 1.6435. Well, let’s see whether I am right or not.

Trade: Short AUDUSD at 0.9112, SL at 0.9130 on December 11th @ Wednesday

Just as I did the short trade in the GBPUSD, the AUDUSD also looked good from a charting point of view, so I also executed a short AUDUSD at 0.9112 with a stop loss at 0.9130.

Later on in the night, I squared the position at 0.9028 for a trading profit of 102bps.

Trade: Short GBPUSD at 1.6390, SL at 1.6410 on December 11th

My charts looked great in the evening of December 11th, with the Ichimoku and Stochastics indicating a potential short opportunity in the GBPUSD.

So I executed a Short GBPUSD at 1.6390, stop loss at 1.6410.

An hour later I took profit at 1.6363 for a trading profit of 47bps.

Trade: Long GBPUSD at 1.6350 on December 9th

My charts; Ichimoku and Stochastics indicated a possible break up of the GBP, it started at 1.6340, at 1.6350 I bought GBPUSD with a SL at 1.6330.

Today, it hit a high of 1.6462 and I decided to lock in my trading profits and sold the position at 1.6447 for a very handsome 97bps.

Nice Christmas present.

Trade: Bought Gold (XAUUSD) at $1,232, SL at $1,222

Last week on December 5th, I saw an opportunity based on my charts; gold appeared to have bottomed at $1,211, though the greater volume of trades was done at about $,1,219.

Recent high on November 29th/30th was about $1,254.

I am not sure whether there is enough momentum to bring it back to the last high, it’s currently trading at $1,244.

Then again, with the budget looming in January and the debt ceiling in March, maybe, it may be worth the while to hold the position.

Hmmmm………I am up $12/-, and to sell an option till January 30th, 2014 at $1,246 will give me premiums of $30/-.  Sounds like a good trade.

Done, just executed selling a call option XAUUSD at $1,246 expiring January 30th, and receiving premiums of $30/-.

Trade: Short GBPUSD at 1.6371

My charts set up a potential short trade on the GBP based on Ichimoku and Stochastics.

I decided to short the GBPUSD at 1.6371 at about 4:45pm and I squared the position post BOE at about 8:50pm at 1.6333 for a decent trading profit of 38bps.

However, it’s past midnight here in Singapore and the GBP has continued to soften to 1.6320………oh well……at least, I still locked in a profit.

Trade: Short GBPUSD at 1.6380

This afternoon at about 4pm, my technicals; ichimoku, ma and stochastics indicated a potential trade.

I decided to short the GBPUSD at 1.6380 and then squared the trade right after the weaker Services PMI data at 1.6338 for a trading profit of 42bps.

Trade: Short USDJPY at 102.70

This afternoon at about 4:25pm, my charts; ichimoku, ma and stochastics showing a possible trade.

I decided to short the USDJPY at 102.70, I kept watch on the trade and later on squared the trade at 102.35 at about 9:25pm.

Trade Update; Short EURUSD at 1.3598 and take profit level at 1.3540

Ok, the take profit level was triggered just a few moment ago, the spot rate is now at 1.3545.

So you see, it’s good risk management to establish a take profit level when your trade is ITM – in the money.  So if the money continues moving in your direction, you continue to make, but if the market begins to backtrack, then, you would be taken out at your take profit level.

So for this Short EURUSD trade, we locked in a trading profit of 58bps.

Trade Update; Long USDJPY at 102.40

The JPY has weakened nicely pass the 103.00 level.

I believe there’s probably alittle more room to move upwards, so I am placing a take profit level at 103.00 and continue to carry the spot position.

If the JPY continues to move southwards, I may consider writing options as a strategy of placing a take profit level and at the same time earn some premiums.  I will come back to all of you to explain this strategy.