Profitable forex trading

4 trades

Mixed day for me,eur/usd was the biggest gainner of my trades,usd/chf just breakeven.Hope you guys had good day.

One trade

GBP/JPY was the only trade I made, entry at 139.25 and exit 138.02 price level. Reason behind the short entry was the resistance at 61% fib level in the daily chart, previous pull back was also in that particular level. I closed my position long before the major news release schedule (MPC Rate Statement, Official Bank Rate, Unemployment Claims, Ivey PMI)

Two trades

EUR/USD - entered a long position at 1.3545, exited at 1.3640 and USD/CHF entered a short position at 1.1119, exited at 1.0998. Both the trades were based on fib retracement ratio, exits were based on pre determind support and resistance level. I was very happy with the market movement in the last couple of days, hope this volatility will continue. One important change I made in my strategy, I will trade any set ups regardless of the main trend.

Another active day

Except USD/JPY all the trades above were breakout trades. I entered USD/JPY at 23.6 fib level. Most of the trades had a nice gain.Hope you guys had good trades.

Active day

Yesterday was an active day for me, two trades, both successful. In usd/jpy gain was 110 pips and in gbp/jpy 190 pips.I was also watching eur/gbp, that could have been a good trade. Euro was weak against almost every major currencies, in eur/usd 38% fib level didn't hold as support, lets see what happens next.

Profitable forex trading