ForexSpirit

Five profitable trades to start the week off with. I did have a few resting limit orders in on GBP/USD but none of them got hit today.

I thought that the news from yesterday which reported that China had set aside 4 trillion yuan (about $586 billion) to help stimulate the Chinese economy over the next year or two would provide a bit more of a boost to the euro but the same markets dynamics were in play today that we saw all of last week. The Asian and European sessions would see the euro being propped up while the New York session sees those gains being given up on the back of worsening US equity markets.

Trade 1
Short EUR/JPY
Entry: 126.50
Exit: 126.379
Pips: +12.1

Trade 2
Long EUR/USD
Entry: 1.2820
Exit: 1.2830
Pips: +10

Trade 3
Long EUR/USD
Entry: 1.2870
Exit: 1.2880
Pips: +10

Trade 4
Short EUR/USD
Entry: 1.2798
Exit: 1.2788
Pips: +10

Trade 5
Short EUR/JPY
Entry: 125.48
Exit: 125.379
Pips: +10.1

Total daily pips: +52.2