FXSTREET TRADING


We Really Trade.

If you want to learn how to trade, improve your trading, or just follow us in the markets, you are in the right place. Here you can find trade ideas, and those trade decisions explained, for all levels, from beginner to advanced. The track record is based on real trading, with an accumulated sum of +16.000 pips, with a frequency of 1.6 trades per day since March 2015.


Latest Trades


DATE

PAIR

ORDER

ENTRY

STOP

PROFIT

STATUS

01/20/2017

EUR/USD

SELL MKT

1.0651

--

1.0643

closed

01/19/2017

EUR/USD

BUY LMT

1.0614

--

1.0629

closed

01/19/2017

EUR/USD

BUY LMT

1.0564

--

1.0576

pending

01/19/2017

EUR/USD

SELL LMT

1.0744

--

1.0494

pending

01/16/2017

EUR/USD

SELL MKT

1.0587

--

1.0487

open

01/16/2017

EUR/USD

SELL MKT

1.0582

--

--

open

01/12/2017

EUR/USD

SELL MKT

1.0641

--

closed

01/12/2017

EUR/USD

SELL MKT

1.0654

--

1.0644

closed

01/10/2017

EUR/USD

BUY MKT

1.0598

--

1.0603

closed

01/10/2017

EUR/USD

BUY MKT

1.0648

--

--

open

01/05/2017

EUR/USD

BUY STP

1.0580

--

1.0609

closed

01/05/2017

EUR/USD

BUY MKT

1.0523

--

1.0645

closed

01/05/2017

EUR/USD

SELL MKT

1.0500

--

--

open

01/04/2017

EUR/USD

SELL MKT

1.0446

--

--

open

12/13/2016

EUR/USD

SELL LMT

1.0929

--

--

pending

12/13/2016

EUR/USD

SELL LMT

1.1339

--

--

pending

12/08/2016

EUR/USD

SELL LMT

1.0827

--

--

open

Tradelog

  • Yesterday we planted a buy limit order at 1.0564 initialy with a 12 pip target thought to be captured on a surprise spike down during the ECB meeting. The scenario did'n play out, but the demand level is still valid and depending on price action we will reacommodate the target. On the short leg, we still have a limit sell at 1.0744 which was yesterday's Pivot R2 and was also R2 from the day before. The proximity of round figure 1.0750 makes it a good place for a short scalper to get positioned [Updated 01/20 11:28 CET];

  • Pending positions for today are updated here as well as other open and closed commitments [Updated 01/19 16:08 CET];

  • Channel support is now at 1.0564 would capitalize on a Marc Chandler's idea (Further below on this page). We penciled in a limit buy order with an 12 pip profit [Updated 01/19 13:07 CET];

  • Almost all the banks expect no major changes or announcements from the ECB and no fresh initiatives while the focus will shift on the Draghi’s press conference and Q&A session (for more detail click here) [Updated 01/19 12:26 CET];

  • Legitimating the supply-demand distribution from our dedicated contributors (see above chart or click here for details) 1.0650 is likely is the likely draw today: DTCC highlights 3.2bln 1.0650 options expiry NY cut. O/n Options 16.0 or 71 pips break even. 1bln 1.0625-35 expiries today (Reuters) [Updated 01/19 12:01 CET];

  • In case market participants have to readjust their expectations of a hawkish Draghi, triggering further gains in the EUR/USD, these would meet a selling opportunity around and above 1.0744 which is todays R2 (see more Pivot Points) and was also ytd's R2. The proximity of round figure 1.0750 makes it a good place for a short scalper to get positioned [Updated 01/19 11:11 CET];

  • There are surely arguments in favor of a weaker EURUSD post ECB meeting: "...it is likely that President Draghi will maintain a cautious tone stressing that there has been little evidence of pick up in core inflation pressures yet." Lee Hardman, Currency Analyst at MUFG [Updated 01/19 10:33 CET];
  • Our current exposure in the EUR/USD is almost 100% hedged ahead of the ECB event, but mid-term (2-3 months) we favor the dollar-bullish developments as outlined in the Sentiment Aggregator [Updated 01/19 10:22 CET];

  • "The European Central Bank announced an extension of its facility program last December, until December 2017, adding also that it would reduce the pace of bond buying starting April from €80 billion to €60 billion.
    In general, market believes the ECB is at the beginning of the end of its massive bond-purchase program, even despite Draghi said last December, “ . . . as a matter of fact, it’s not even been on the table.” Investors, however, refuse to believe his words, moreover after the minutes showed dissention among policy makers.  
    With all of the above, the Central Bank will likely leave its monetary policy unchanged, while Draghi is expected to offer a hawkish, confident speech. Given that the market is happily unwinding its dollar's longs, the common currency will likely extend its weekly advance following the statement and press conference." - Valeria Bednarik [Updated 01/19 09:36 CET];

  • We entered short at 1.0692 with a market order and a buy limit at 1.0614 [Updated 01/18 18:36 CET];

  • Below 1.07 we are still bearish inclined in the EUR/USD from a risk/reward perspective as well for hedging purposes [Updated 01/17 11:31 CET];

  • "The EURUSD squeeze hasn't been able to take out the notable Fibonacci retracement near 1.0670 [...] Two key event risks that should prompt more volatility in the coming week include the European Central Bank meeting Thursday and the start of Donald Trump's presidency on Friday."- Saxo Team of Analysts - HK [Updated 01/17 10:04 CET];

    Exposure


    POSITION VALUES

    LONG 4,268 EUR

    SHORT 4,596 EUR

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    Charts we are looking at


    A look at the Commitment of Traders Report


    Performance Stadistics

    Since inception:

    Growth: 13%

    Total pips: 15,588

    Drawdown: -26%

    Avg pips/day: 35

    Trades/day: 1.6

    Win rate: 94%

    Avg win: 47 pips

    Avg loss: 310 pips

    Updated 31st Dec. 2016


    The Method Explained

    The trading methodology is technical discretionary with strong enphasis on risk management: control of used and available margin, effective leverage, and position sizing. It is meant to capture the most amount of pips from the constant intraday price oscillations in the EUR/USD while keeping the floating draw down at bay. There is no use of stop loss orders for each trade, instead, the risk is managed as a whole, for the entire position.

    To learn more about the method, you can watch the below webinars:

    The Trader


    Before starting to work at FXStreet.com in 2008, I was already following the site. Almost everything I learned about trading was through FXStreet. I've learned from many of its dedicated contributors and was particularly inspired by a few of them. What you see in this page is the result of all these years of experience and learning.

    I've become a product of FXStreet. A profitable one..



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