Thread: Trader123's trading ideas

My proven indicator has signaled buy for EURGBP today.

Looking at 10min chart, 0.7894 is the support level. And EURGBP seems to be moving upwards.

Bought 100,000 EURGBP at 0.7913
Place GTC stop at 0.7890
Target at 0.7950

Originally Posted by trader123

My proven indicator is still showing buy signal for AUD/USD. Looking at 10min chart, mini double-bottom and uptrend line are formed.

Bought 100,000 AUD/USD at 0.9528
Place at GTC stop at 0.9488
Target level at 0.9560

AUD/USD rises above 0.9560, so my trade is closed. Realised profit is US$320.

Support level for Dow Jones is around 11740. With FOMC announcing interest rate decision today, we may see Dow Jones Index rebounding.

Bought 1 lot of Dow Jones mini Sep at 11833
Place a GTC stop at 11680
Target level at 12000
Value of 1 point is US$5

Originally Posted by trader123

Oil price is still trading in a range of $131 - $139.

FOMC meeting will start this week, and market expects interest rate to remain the same. I do think interest will remain the same as well as US economy is still weak. If Federal Reserves raises interest rate by surprise, oil price is expected to dip down.

I'll be interested to short oil at $138 and put a stop at $140.

If you interested to trade supermini oil contract, click here.

Yesterday I had shorted 1 lot of supermini oil at $137.10.
Today I took profit before oil inventory data at $135.81.
Realised profit is US$129.

New working order:

AUD/USD climbed after the U.S. Federal Reserve gave no indication when it will begin raising interest rates after leaving them unchanged yesterday.

AUD/USD rose to the highest in more than two weeks and New Zealand's dollar gained a second day as traders pared bets the Fed will raise rates in September. The prospect the nations will keep their yield advantage over the U.S. spurred investors to put their funds into assets with higher returns.

I had worked to buy 100,000 AUD/USD at 0.9552, place pre-defined stop at 0.9520, pre-defined target at 0.9620.

High yield currency continues to be in favour after downside risks appear to have diminished.

Bought 100,000 NZD/USD at 0.7578
Place GTC stop at 0.7538
Target level at 0.7640

NZDUSD chart:
http://binarytrading.blogspot.com/20...-at-07578.html

Oil is trading at the range of $132 - $139, currently oil is trading at $137.83.

Shorted 2 lots of supermini oil at 137.83
GTC stop at $140
Target level at $134

Originally Posted by trader123

Oil is trading at the range of $132 - $139, currently oil is trading at $137.83.

Shorted 2 lots of supermini oil at 137.83
GTC stop at $140
Target level at $134

Oil price goes above $140, so my position is stopped out.
Realised loss is US$434.

My proven indicator is still showing buy signal for AUD/USD.

Bought 100,000 AUD/USD at 0.9570
Place GTC stop at 0.9520
Target level at 0.9620

Originally Posted by trader123

High yield currency continues to be in favour after downside risks appear to have diminished.

Bought 100,000 NZD/USD at 0.7578
Place GTC stop at 0.7538
Target level at 0.7640

NZDUSD chart:
http://binarytrading.blogspot.com/20...-at-07578.html

In my previous NZD/USD trade, my position was stopped out, then NZDUSD proceeds its way up.

Often the question asked by my readers is that: maybe we shouldnt put a stop for our trades. This is a no no, a stop must be placed. If you are frustrated over being stopped out despite being right in your view, the other way to trade is binary option trading.

My proven indicator is still signal buy for NZD/USD. The most encouraging thing in my trading is that my proven indicator has proven again and again to be correct and reliable. My NZD/USD and EUR/GBP trades were stopped out first before they continue its way up which is what my indicator had signaled.

Today I place US$100 Over trade for NZD/USD daily, strike price is 0.7587, odds is 1.500. If NZD/USD closed above at 0.7587 at 5am China time, I will win this trade. If I win, I will profit US$150. If I lose, my lost is US$100.

Trading platform: www.mansion118.com.