Monday, September 12, 2011
During this trading day, I entered 4 consecutive trades, shorting the EUR/USD pair . My first trade resulted in a 3.74% gain. My second and third trades were eventually stopped out with a net 0.00% loss and the fourth trade resulted in a 4.01% gain. All four trades resulted in a 7.75% increase or gain in the account balance for the day. The total number of pips were ~28.2 pips.
Thursday, August 18, 2011
During this webinar, we briefly discussed the reasons behind the risk averse sentiment in the market for the EUR/USD pair and the outcome of the Merkel-Sarkozy meeting. Since this meeting did not improve overall market confidence, we saw a short term flight to safety and investors began to pile their money into safer harbors or low yielding assets, like gold, treasury bonds, or safe haven currencies such as, CHF, JPY, & USD.
We also briefly shared about the CCI indicator and the use of the bollinger band indicator.