End of Year & Daytrading Profits

Last full trading week of the year. We managed some strong gains today using the same daytrading method I introduced back in February. The system had proved useful and carried me far this year.

During these couple of months, I setup a lot of day trades which gave me a lot of small but consistent profits. Using the same approach, just recently, I also managed to establish some long-term positions which had become fruitful as the US dollar got seriously hammered in the last few days. I had been adding positions since November 24: Discretionary Forex Trades Paying Off For Now.

It has been an eventful year for me. I am grateful with the results. We'll be winding down our trading for the year and getting ready for 2009 as we draw closer to the holiday period.

Today's Signals: European Session

No. of signal recommendations: 2
End-of-session results: GBP/USD +95 pips & GBP/JPY +175 pips

Ecstatic London Open Breakout Actions on Friday (Day 13: +787 pips, Up 229 pips)

Day 13. London Open Breakouts. Overnight action saw the yen rallied to multi-year high against the dollar to 88.53 at one point. Yes, 88.53. This was due to the auto-bailout vote failing at the senate. Anyway, at the opening of the London trading session, we went long in the Euro markets, i.e. Long EUR/USD and EUR/JPY.

Here are the results !

Long EUR/USD 1.3298 with stop at 1.3228. Final profits: +40 & 49 pips

Long EUR/JPY 119.47 with stop at 118.87. Final Profits: +40 & 100 pips

All Results Since the Start +787 pips (Also click here to subscribe)

I may post some screenshots with LOBS' entries and exits later.

Boosting the Cross-Yen Account by Few More Pips

The end-of-session daytrading system had added three more cross-yen winners for this week. Up 400 pips for this month so far. I really liked watching the price action this week. Hope we could continue to find more winning trades.

Check out this encouraging post: Day Traders Thrive in Volatile Market

Europe Session
No. of signal recommendations: 3
Cross- yen results: EUR/JPY+10 pips , AUD/JPY +10 pips & CHF/JPY +30 pips

100-pip EA
No. of auto-entries: 1
EUR/JPY +40 & 7 pips

My Simple Yet Effective Trade Ideas

Daytrading sessions resumed today. My method had immediately yielded good payouts with the yen-crosses pairs in the US session. Final results of +315 pips.

US Session
No. of signal recommendations: 4
Yen-crosses results: GBP/JPY (+195 pips), EUR/JPY (+50 pips), AUD/JPY(+70 pips) and CHF/JPY (0 pip)

100-pip System
No. of dynamic entries: 2
GBP/JPY & AUD/JPY

Bank of England Cut UK Rates to 2% Today

Is the US FED to be the next central bank to cut rate on Dec 16?

Click here for the latest World Interest Rates Table.

London Open Breakout System (Day 10: +751 pips)

Day 10. London Open Breakouts. Today's entries and exits are as follows.

Long EUR/USD 1.2610 with stop at 1.2550. Final profits: +40 & 31 pips

Long EUR/JPY 117.51 with stop at 116.91. Final Profits: +40 & 31 pips

Cumulative Results +751 Pips so far

EA screenshots attached:

Long EUR/USD @ 1.2610 for +71 pips

Long EUR/JPY @ 117.51 for +71 pips

Sterling Pound Fell More Than 500 Pips In One Day

The 100-pip ea program was able to setup its first trade of the month based on the AUD/USD signal. It did not enter in today's GBP/USD market which appeared to be under immense selling pressure.

US Session
No. of signal recommendations: 1
Major pairs results:AUD/USD (+15 pips)

Europe Session
No. of signal recommendations: 1
Major pairs results: GBP/USD (-70 pips)

100-pip System
No. of dynamic entries: 1
Potential profits:
AUD/USD +40 & 12 (Final results)