Brendan's Trading Ideas

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Bought EURUSD at 1.4850
Stop level at 1.4770
Target level at 1.4980
 

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Good support at 1.4650
Bollingerband, MACD and CCI have signal buy
Decide to buy another unit of EURUSD

Buy EURUSD at 1.4732
Stop level at 1.4620
Target level at 1.4820
 

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156 pips profit was generated for the month of January 2010

156 pips profit was generated for the month of January 2010. 7 trades were executed: 5 trades won and 2 trades lost. This results in a Success rate of 71%!


If you are trading 1 full contract (100,000) per trade, your profit for 156 pips will be around US$1560.


Here are the details of my trades:


1. AUDUSD: 80 Pips Loss

Stop triggered at 0.9045, loss is 80 pips.


Original trade:

Buy AUDUSD at 0.9125
Stop level at 0.9045
Target level at 0.9245


2. USDJPY: 46 Pips Profit

RSI has shown sell signal. So its better to take profit. Sold USDJPY at 91.79, profit is 46 pips.


Original trade:

Buy USDJPY at 91.33
Stop level at 90.63
Target level at 92.33


3. EURUSD: 48 Pips Profit

Decides to close at 1.4488, profit is 48 pips.


Original trade:

Sell EURUSD at 1.4536

Stop level at 1.4610

Target level at 1.4451


4. EURUSD: 66 Pips Profit

Decides to close 1 lot of EURUSD (shorted at 1.4550) at 1.4484. Profit is 66 pips.


Original trade:

Sell EURUSD at 1.4550
Stop level at 1.4620
Target level at 1.4450


5. EURUSD: 24 Pips Loss

Price looks weak. Cut loss at 1.4539, loss is 24 pips.


Original trade:

Buy EURUSD at 1.4563
Stop level at 1.4510
Target level at 1.4650


6. EURUSD: 53 Pips Profit

H1 indicators show buy signals.
Closed my position at 1.4478, profit is 53 pips.


Original trade:

Sell EURUSD at 1.4531
Stop level at 1.4600
Target level at 1.4440


7. USDCHF: 47 Pips Profit

Takes profit at current price of 1.0350, profit is 47 pips.


Original trade:

Buy USDCHF at 1.0303
Stop level at 1.0230
Target level at 1.0400
 
Last edited by a moderator:
Good resistance at 1.4216
CCI and Williams have signal sell

Sell EURUSD at 1.4178
Stop level at 1.4245
Target level at 1.4088
 

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Good resistance at 1.4216
CCI and Williams have signal sell

Sell EURUSD at 1.4178
Stop level at 1.4245
Target level at 1.4088

Target level is reached at 1.4088, profit is 90 pips.
 

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EURUSD is still trading in a downtrend
EURUSD has broken 1.4000 support level, hence it may go down further

Sell EURUSD at 1.4010
Stop level at 1.4066
Target level at 1.3876
 

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EURUSD is still trading in a downtrend
EURUSD has broken 1.4000 support level, hence it may go down further

Sell EURUSD at 1.4010
Stop level at 1.4066
Target level at 1.3876

Support seems to be forming at 1.3950, so decide to take profit.
Bought back EURUSD at 1.3958, profit is 52 pips.

Original trade:

Sell EURUSD at 1.4010
Stop level at 1.4066
Target level at 1.3876
 

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Support seems to be forming at 1.3950, so decide to take profit.
Bought back EURUSD at 1.3958, profit is 52 pips.

Original trade:

Sell EURUSD at 1.4010
Stop level at 1.4066
Target level at 1.3876

Good Trade. It appears that it is going to bounce around at these levels for a little while.
 
AUDUSD has a support at 0.8750
Bollingerband and MACD are turning towards buy signal

Tomorrow Reserve Bank of Australia is likely to increase interest rate, so this will provide support to AUDUSD

Buy AUDUSD at 0.8836
Stop level at 0.8745
Target level at 0.8986
 

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RBA is going to announced interest rate decision in the next few hours.
Price may go up or down drastically after the announcement, we do not want to take risk.

Closed our position at 0.8916, profit is 80 pips.



Buy AUDUSD at 0.8836
Stop level at 0.8745
Target level at 0.8986
 

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Good support at 0.8750
MACD and Bollingerband has signal buy

Buy AUDUSD at 0.8804
Stop level at 0.8740
Target level at 0.8895
 

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Market looks pretty unstable. I decide to close off my position before I go to sleep. Closed at 0.8834, profit is 30 pips.

Original trade:
Buy AUDUSD at 0.8804
Stop level at 0.8740
Target level at 0.8895
 

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Buy AUDUSD at 0.8871
Stop level at 0.8800
Target level at 0.8990
 

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