Subscribe to Quantisan
Category Archives: Forex
Paper trade: Stopped out of USDCAD short @ 1.0640 for -67 pips, re-entering @ 1.0680
Well this was awful. USDCAD continued on a rampage upward and I was caught on the wrong side of the fence. Total loss for this was 0.12% of my account. At least I was light in it. In retrospect, I broke my own rule and didn’t enter at one of the 4 fundamental entry points. [...]
Also posted in Aussie, Kiwi, Loonie Tagged CAD, entry, exit, FTC, paper trade, short, USD Leave a comment
Paper trade: Short USD/CAD @ 1.0573, Stop 1.0640, Target 1.0415
Taking a first position in USD/CAD short here at 1.0573 on a 4-hour moving averages cross-over (Figure 1). I’ve also placed a limit order to add more at 1.0519 below Fibonacci support (shown in Figure 1). Reason for this trade is that USD/CAD is moving away from an upper bound channel with a overbought stochastic [...]
Paper trade: GBPJPY @ 145.24, Stop 144.70, Target 148
Update: I’ve switched over to long EURJPY @ 125.40 as EURGBP’s downtrend seem to be running out of steam. Moreover, EURJPY looks better on the daily chart with a clear support and an oversold reading. I’m back in my long GBPJPY play at 145.24. The currency pair is breaking an hourly resistance since consolidating around [...]
Paper trade: Closed GBPJPY @ 146.42 for +140 pips
Just closed my GBPJPY long at 146.42 for around +140 pips average gain, or 0.4% in the account balance. Damn good for a 24 hours holding. Obama just finished his State of The Union address at the moment. I am not impressed. Still all talk of change but nothing concrete yet. Anyway, that’s beside the [...]
Paper Trade: Long GBPJPY @ 144.24, Stop 143.60, Target 148
My previous short-side setup on GBP/JPY played out beautifully. Yet I wasn’t able to ride it down because I got stopped out on a stop-hunt counter-move before the dive, see Fig. 1. Now that GBP/JPY has reached its other end. I am betting for it to go reverse with a long position. I expect this [...]
Closed EUR/CHF and GBP/CHF Shorts: Best. Trade. Ever.
As I was saying earlier this week, I have been stockpiling in EUR/CHF short in my demo account (Fig. 1). Aside from that, I’ve also stocked up some GBP/CHF shorts this week (Fig. 2). Both positions are now closed because of my adjusted stops. These positions have single-handedly lifted me half way out of a [...]
Also posted in European Crosses, Self Assessment Tagged CHF, EUR, exit, FTC, GBP, good trade, paper trade Leave a comment
My name is Paul and I am a full-time engineer, part-time trader. Back in 2000, I deposited my $5000 interest-free student loan with an online broker. Since then, my interest in trading has become an obsession.
Paper trade: Short USDCAD @ 1.0671, Stop 1.0756, Target 1.05761