ForexSpirit

Trade 1
Short EUR/USD
Entry: 1.3606
Exit: 1.3596
Pips: +10

Trade 2
Short EUR/JPY
Entry: 140.05
Exit: 139.948
Pips: +10.2

Trade 3
Short GBP/USD
Entry: 1.7545
Exit: 1.7532
Pips: +13

Trade 4
Long EUR/JPY
Entry: 140.235
Exit: 140.375
Pips: +14

Trade 5
Short EUR/USD
Entry: 1.3601
Exit: 1.3591
Pips: +10

Trade 6
Short EUR/JPY
Entry: 137.997
Exit: 137.998
Pips: -0.1

Trade 6 was still in negative territory when I left work. Since I wasn’t going to be able to monitor it for a while I moved my profit target to breakeven, which got hit.

Trade 7
Short EUR/JPY
Entry: 137.551
Exit: 137.496
Pips: +5.5

Daily total: +62.6 pips

Today’s two EUR/USD trades were both continuation plays as price moved down to test 1.3600.

The lone sterling play today was at a round number (1.7550) which had also acted as decent resistance during the early part of the European session.

The first EUR/JPY trade of the day was a resting limit sell order at the round number of 140.00 which had also acted as resistance during the European session. It got hit on a spike when news of the Fed helping out in the commercial backing market was released.

The move caused by this news was strong enough for me to take a continuation trade shortly afterward.

The last two trades of the day were also continuation plays, but this time short as EUR/JPY moved down for the rest of the day.