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Giving Back all my Profits

Daytrader21 Posted 11 Apr.  in #Trader's blog #Ecb #Fundamental #Technical #Trader Contest #Qe #EUR/USD #Interest Rates #Fed
I'm not having quite a good week in the Trader Contest as my last few trades have been eating up all my previous profits, so right now my account balance is somewhere around BE. My most unsuccessful trade so far was going short EUR/USD (see Figure 1). I entered short because both the technical and fundamental aligned and favored a short position at least that was my reasoning:
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AUD Positions - Target Reached

Daytrader21 Posted 26 Dec.  in #Trader's blog #AUD #GBP/AUD #Fundamental #Technical #AUD/USD #Rba #Interest Rates #Tapering
Although it was Christmas and we didn't had proper trading conditions but I still have had 2 opened positions which where closed today as my taking profit order was reached. I had five fundamental reasons behind my AUD bearish view:
  • Few months ago RBA cut interest rate at historic low.
  • RBA has decided to kept the door open for another round of interest rate cut if the economy is not showing signs of recovery.
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3 Comments
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sonjatrader 26 Dec.

Interesting point of view.Nice article Daytrader21 :))

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Daytrader21 26 Dec.

Thank you Sonia for your kind words

HOANG_MAI_NHI avatar
HOANG_MAI_NHI 27 Dec.

very good, i see u take profit it

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