Thursday, January 28, 2016
I entered a trade at 10:38am ET to go long on sterling at price 1.4384 and took profit at 1.4394 for a short scalp of 10 pips that brought a +2.68% gain.
Friday, January 22, 2016
This week's trading is set to end with renewed optimism as investors take on more risks, by rotating out of safe havens and into higher yielding assets. This shift in sentiment was spawned by a mild recovery in crude oil, which caused global equities to bounce from its lows. The greenback (USD) is benefiting from this risk appetite, particularly against the euro and the yen. In EUR/USD, the common currency fell 81 pips at the time of this writing, from the session high at 1.0875 to the current session low at 1.0794. Signs that the ECB may provide more stimulus to the market at their next policy meeting in March, is tempting investors to sell-off the euro, causing the greenback (USD) and sterling (GBP) to benefit from this exchange.
During today's webinar, we reviewed price action in EUR/USD and looked for opportunities to place a trade around common levels of support and resistance. In this webinar, we secured a trade to go short on EUR/USD for 6 pips, which yielded a 2.01% gain in the account balance.