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FX Friday - Trading Room

4 potential trades for tonight: EURUSD No Touch Below @ 13710 13% GBPUSD No Touch

  1. FX Friday - Trading Room #201
    lowrisktrader is offline Junior member
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    4 potential trades for tonight:

    EURUSD No Touch Below @ 13710 13%
    GBPUSD No Touch Below @ 16071 42%
    NZDUSD No Touch Above @ 7553 1%
    USDCAD No Touch Above @ 9788 102%

    I took USDCAD with an additional safety margin at 0.9830 for 40% return.

    Next week there is BoE meeting, so we shouldn't take the GBPUSD trade, but there has been so long since the last trade that I took it anyway with a reduced stake.

    Have a nice weekend!

  2. FX Friday - Trading Room #202
    Fistral is offline Junior member
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    I took USDCAD No Touch Above 9788 for 87%

  3. FX Friday - Trading Room #203
    Fistral is offline Junior member
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    It looks like my USDCAD No Touch Above 9788 for 87% was taken out by a short spike today!
    No trades showing at all this week.

  4. FX Friday - Trading Room #204
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    Yep - CAD and GBP lost if you took either - There was room to move CAD out and avoid GBP - We didn't take them, merely observing to see how it's going.
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  5. FX Friday - Trading Room #205
    lowrisktrader is offline Junior member
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    My conservative approach in the USDCAD trade paid off. I escaped the spike, but unfortunately haven't got the same positive result with GBPUSD. It was stopped.

    As I split the 5% risk per trade as 3.75% CAD and 1.25% GBP in the end I've got a very small profit. Almost break even.

    So far, since I started trading FX Friday in mid-November I'm still in the red (-6.3%). Not keeping my hopes up I'm afraid.
    Last edited by lowrisktrader; 03-25-2011 at 06:00 PM.

  6. FX Friday - Trading Room #206
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    We took NZDUSD as we had a spare 5 minutes - very small stakes - just to see !
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  7. FX Friday - Trading Room #207
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    Our NZDUSD trade lost this week - This week - Two trades - No odds - Good weekend all.
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  8. FX Friday - Trading Room #208
    badniot12 is offline New member
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    Default Re: FX Friday - Trading Room

    I sent my copy back and was refunded, however, before this, I found that you could quite often get (much) better odds by waiting until the bet was on the verge of losing, adding a 20 - 30 pip safety margin and going for a 1 day trade. This seemed to work quite well at times, but needed someone with more time (and experience!) than me to make a success of the strategy.

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