Some of the best traders that I know are currency pair specialists. They might be specialised in EURUSD, AUDUSD or GBPUSD.
I didn't construct BL Investing Technique to be a currency pair expert but it turns out that it's incredible achievement amount (one hundred%) for USDJPY.
eleven USDJPY trades were executed and all turned out to be rewarding:
one. On nine Oct I'd shorted 20000 USDJPY at 101.13, stop amount at 102.01, target amount at 99.thirty. Dow Jones proceeds to shift down irrespective of all the programs by Federal Reserves resulting in Yen strengthening. I took financial gain on USDJPY trade at 99.seventy six, financial gain is 123 pips, US$243.59.
two. On two Oct 2008 I'd acquired twenty,000 USDJPY at 105.41, stop amount at 104.39, target amount at 106.89. USDJPY moves up just after job facts is announced. I resolved to acquire financial gain at 105.69 as there seems to be some resistance at 106.00. Revenue is 28 pips, US$55.39.
3. On 29 September, I'd acquired twenty,000 USDJPY at 104.ninety six, stop amount at 103.thirty, target amount at 106.seventy six. U.S. shares rose as rising anticipations that lawmakers will salvage a $seven-hundred billion lender- rescue package deal aided the Common &. Poor’s 500 Index get well much more than a third of yesterday’s eight.eight per cent plunge. This news has aided to thrust USDJPY up. I took the chance to market USDJPY at 105.90, financial gain is 94 pips, US$179.ninety three.
four. On 23 September I'd acquired 10,000 USDJPY yet again at 106.24, stop amount at 104.50, target amount at 107.75. Seeing that USDJPY has issues crack 107.00 resistance, I resolved to acquire financial gain…