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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: Short GBPUSD on weaker GDP and worsening current account deficit

I saw an event trading opportunity with the UK GDP and current account numbers came out at 4:30pm Singapore time.

I short the GBPUSD at 1.5297 and squared at 1.5267 for a 30bps trading profit.

Then I had to shut down as I needed to leave the office.

Now at 9pm Singapore time, the GBPUSD is at 1.5243………….no worries, based on my stochastics, I should be out at 1.5267 which I did because it retraced back upwards to 1.5300 at 7pm Singapore time.

The GBPUSD actually weaken by 40bps to 1.5243 just 10 minutes ago, and I can’t explain why, when the EUR, JPY and AUD are all holding steady against the USD.  Initial Jobless claims and personal spending came in flat as per forecast.

Trade: Two quick trades by shorting the AUDUSD

I was getting bored and so decided to do a quick scalp; decided on the AUDUSD as it technically was looking good.

I Short AUDUSD at 0.9273 and was stopped out at 0.9288 for a trading loss of 15bps.

I saw the opportunity again an hour later and Short AUDUSD again at 0.9276 and this time I squared at 0.9260 for a trading profit of 16bps.

I was one and made on the other, I was all squared; no win, no loss.

I guess we need to keep on trying to sniff out potential trades, we can’t win all the time and we certainly won’t loss all the time either.

Trade: Quick Scalp on the AUDUSD Long at 0.9610 and squared at 0.9620

Was a boring day on June 17th, and though I would toy with the market for a quick scalp.

Stochastics and Ichimoku told me to Long the AUDUSD at 0.9610 and I squared the position at 0.9620 for a 10bps trading profit.

Trade: Quick Scalp; LONG USDJPY at 0.9415 and squared at 0.9434

Quick scalp, long USDJPY at 0.9415 baed on fast and slow stochastic and squared at 0.9434 for a 19bps trading profit.

Both quiick scalps paid for today’s expenses.

Trade: Quick Scalp; SHORT AUDUSD at 0.9485 and squared at 0.9460

Quick scalp, short AUDUSD at 0.9485 based on stochastic fast/slow and squared at 0.9460 for a 25bps trading profit.

Trade: LONG GBPUSD at 1.5552 and squared at 1.5592

I bought the GBPUSD at 1.5552 and squared at 1.5592 prior to the GDP announcement for a trading profit of 40bps or 0.25%.

Trade: LONG EURUSD at 1.3250 and squared at 1.3275

I bought EURUSD at 1.3250 at about 9:18pm and squared later at 1.3275 for a trading profit of 25bps or 0.188%.

Trade: Long USDJPY at 0.9829 and squared at 0.9834

I saw another opportunity in the USDJPY and also tracking today’s session of Abenomic

I bought the USDJPY at 98.29, but after half an hour, I didn’t see the yen moving the way I saw it.

So I decided to square the trade at 98.34.  It is now trading at 98.24.

Trade: LONG AUDUSD at 0.9434 and squared at 0.9430

This morning the technical analysis indicated a possible upside to the AUDUSD, so I bought at 0.9434.

Through the next 3 hours, it was pretty much flatline, I then, made the decision to cut loss at 0.9430 for a 4bps loss.

Guess what?

The AUDUSD is now trading at 0.9362.

Update: 2 month call option on EURUSD; Strike at 1.2990, BE at 1.3175, expiring 21 June

What a surprise, just when I thought I was going to have to write off this option.

I am truly puzzled, Draghi’s speech last night was not encouraging nor negative, no reason for the EUR to surge upwards like a bat out of hell.

The big move happened during lunch time NY session, which hints to me that it was stop losses, options, and program trading that triggered the EUR and moved it upwards.

I have no confidence in the Eurozone and I feel that it has do to more if the Eurozone is to recover from its recession.

Therefore, I have made the decision to sell the option at 1.3260 this morning and locked in profits of 85bps or 0.64%.