jForex Currency Results

We were filled just after 8am on a price spike down below support after more than 100 pips had been taken off the overnight high in the 1.3450 level.We are taking a little heat as we post but the selling volume is drying up, and we expect to move back up to the pivot. The trade is in the green now and our protective stop is in place for the continued move up.Our trade was closed at 1.3349 with a nice early profit before the NY open.

Our order was filled on a retest to the morning high and we have a protective stop set for a profit on the move back down to the 13390 level.The move did not develop so we took profits and closed the trade with a small gain.

Price pushed through our short entry up to the 1334 level where we set another order to add to our short position.Our second contract was filled at 13400 at the top of my Keltner channel. We closed the trade early at 13386 for a profit.

We set a long order at 13360 just before the NY open looking for a retracement up to the pivot.If we are filled, price will have touched this point four times on its move off the overnight high at the 13400 level. Stochastics, MACD and volume all favor the trade entry. We could get a second contract entry point lower at the 1333 level which was the overnight low point.

We entered long at 1.3419 looking for a retracement back up in the 1.3480 area where we set our target.Our protective stop was hit for 9 pip gain on the trade.

We entered short on a move up above the trend line at 1.3481. Price pushed up to 1.3522 in overnight trading and has fallen since.

We set up a bracket trade for the open above and below the price pattern set in overnight activity. The trade was not filled as we post.After London opened down hard on US Stocks given the uncertainty of changes in Washington, we were expecting US traders to enter their positions at the open a create a spike off the NY bell.

We set a protective stop on the trade expecting a move down to the pivot. A second entry order is waiting should price reverse and hit our stop and then move further up before the move back down. This is a standard retracement trade with a large extension.We continued to move our stop down as price fell below the pivot and touched support. We were taken out with a nice profit as the move flattened out just before nine am.

We added more Profit by closing our long trade at 1.3692 with a 39 Pip gain on the move up this morning in the 1.3725 level. Our spread trade is now worth $3690 as we post, slightly more than our short position.Expecting a retracement back to the 1.4100 level from the end of October, we are allowing our second long position to remain protected by a stop.

We have a nice profit in our spread trade of $1200+ with one Short and three Long positions. Our short is at 1.4117 with over 500 Pips profit and three longs at 1.3551/1.3695/1.3905. Our long at the lower level is up 40 Pips and the combined loss in our other two long postions is 400 Pips giving us the net profit as we post.