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8 September Short AUDUSD at 0.9330

On September 8th at about 8:30pm Singapore time, I noticed a pattern emerging in my ichimoku and stochastics; the AUDUSD was starting to turn down on the MA on the 15M chart earlier at 5pm and then it also cut down on the MA for the 1H chart at about 8:30pm.

This tells me that a short term confirmed short trade in the AUDUSD was emerging.  So I short the AUDUSD at 0.9330 and carried the trade till this morning and decided to square off the trade at about 11am at 0.9170 for a whopping trading profit of 160bps.

This is a classical good technical trade.

Short the GBPUSD at 1.6440 after ECB rate decision

I decided to short the GBPUSD after the ECB rate decision at 1.6440 to try and compound the move down for the European economies.

Just squared the trade at 1.6400 for a trading profit of 40bps.

EURUSD Put Option expiring Sept 5

So much talk leading up to today’s ECB rate decision and press conference.  I decided to to take a chance, it’s pure gut feel, I bought a put option for one day expiring tomorrow Sept 5 with a premium of 44bps, strike at 1.3150 and breakeven at 1.3106.

What a surprise!

The ECB announced cuts on the main interest rate and also went negative on the deposit rate, sending the Euro crashing, I just squared off the trade at 1.3026 and was happy with a 80bps profit.

This is the trade all of us have been waiting for!

Short GBPUSD spot at 1.6865 when weaker PMI was posted………..

This afternoon, the Markit Mfg PMI came out weaker at 55.4 versus forecast of 57.2 and lower than previous month of 57.2.

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What is comforting is that the manufacturing PMI has been posting above 50 levels since this year.  However, I believe the market will still take the lower PMI negatively.

So I decided to do a quick trade by shorting the GBPUSD at 1.6865 and squared at 1.6835 for a trading profit of 30bps or 3%.

 

22 July @ Bought a EURUSD call option expiring on Friday, 8 August

On 22 July, my technicals suggested to me that I should long the EURUSD, so I bought a call option expiring 8 August, strike at 1.3485, premium of 65bps and a breakeven of 1.3550.

Right now, as I am posting this trade, it looks like I was wrong, then again, let’s see, after all we have time.

Sold GBPUSD spot at 1.7070 on 23 July

My stochastics and ichimoku told me to short the GBP which I did at 1.7070 and I subsequently, squared the position half an hour later at 1.7035 for a trading profit of 35bps or 0.35%.

Update on EURUSD Call Option expired on 25 July

As we all know, the market turned south for the Euro, and unfortunately, my call option expired worthless, and my loss was the premium paid of 20bps or a trading loss of 2%.

EURUSD Call Option expiring 25 July

My charts; Ichimoku, Stochastics and MA tell me that there is a potential short term breakout upwards for the EURUSD.

So I decided to buy a one day option expiring tomorrow 25 July 10am NY time, strike at 1.3470, premium of 20 bps and a breakeven of 1.3490.

3 June @ Stop if Bid, Short EURUSD

On 3 June, I felt that there were strong headwinds threatening the EURUSD, plus my bollinger bands were clearly oversold.

So I Short the EURUSD by placing a Stop if Offered at 1.3580, when the spot was at 1.3606 with a stop loss of 1.3600.

The trade was never triggered and I decided to take out the trade before I went to sleep.

In hindsight, guess what?  The EURUSD did correct, but only 5 June tumbling to 1.3502……….what a waste, should have continued to monitor the market, but I was out that night having dinner with group of friends.

3 June @ GBPUSD Call Option expiring 10 June

At about 4pm on 3 June, I bought a call option on the GBPUSD at the strike of 1.6745, premium of 47bps and breakeven of 1.6792.

On 10 June, just before London opened I squared the position at 1.6820 for a trading profit of 28bps.