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%.
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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%.
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.
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.
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.
At about 4pm on 11 June, I noticed some activity in the GBPUSD after London opened. I decided to play my hunch and Long GBPUSD at 1.6785, stop loss at 1.6770.
For the next hour, it didn’t do anything and finally I squared the position at 1.6795 for a trading profit of 20bps prior to leaving the home.
On June 11th, my Ichimoku and Stochastics suggested that the GBPUSD may go up. So I decided to buy a call option with a strike at 1.6755, premium of 31bps and a breakeven of 1.6786.
I squared the position on 13 June during London hours at 1.6974 for a trading profit of 188bps.
Not bad for a two day wait and one of the few good trades.
My Ichimoku suggested that the EURUSD was bottoming out on 22 July, so I decided to do a two week call option on the EURUSD at the strike of 1.3485, with a premium of 65bps and a breakeven of 1.3550 expiring on 8 August.
Let’s see how things pan out.
Prior to the announcement of the MPC votes at 4:30pm, GBPUSD started moving from 1.7060 all the way up to 1.79095.
Votes came out as expected and BBA mortgage approvals also came out as forecasted.
GBPUSD began to softened thereafter. I decided to short the GBPUSD at 1.7070 and squared the trade at 1.7035 for a trading profit of 35bps.
Apologies to all for not updating my trading blogsite for the past few months, it has been hectic with family issues. I will endeavor to put in all the past trades and also keep up to date.
After looking through my technicals, including Ichimoku, MA, Bollinger bands, and stochastics, I decided that there were two potential trades: –
1) Long AUDUSD; stop if offered at 0.9256 (Spot 0.9236) and SL at 0.9230
2) Long Gold, stop if offered at 1,295.00 (spot 1,283) SL at 1,275
By the following morning Singapore time, nothing happened in the AUD, so I took out the order. Guess what, my NY session, the AUD was at 0.9280!
My Gold order was triggered and it was LIVE, I followed the market till the NY session when it reached $1,305 and I decided to take profit at $1,303 for a trading profit of $8.
The Panthenon Investment Group 