ETX Capital: Beat the Broker Day 3, 25th June 2014
June 25, 2014 8:48 am
Yesterday was a tricky day for trading. I spent most of my day trying to get my positions running; particularly my Euro positions. I moved my stops higher as the market went in, so I managed to lock in some good profits on the EURUSD. I went in again later in the day but I got stopped out. I put a cable position on but managed to scratch that on one side and take a small profit on the other. So, overall it was a pretty difficult day for me.
I went long on the Germany 30 on the IFO, although the figures were slightly weak the markets seemed to react in a positive way. It looks like we might be in a situation where bad news may be good news for the ECB, making rate easing in the Euro zone a little more likely. The DAX seemed to have a biddish tone on that.
Wall street sold off in the afternoon after London went home. My position that I left on overnight got stopped out, so a bit of a frustrating day for me, losing me £400 or my initial £5,000 so still up from where I was at the start.
I’ve come in this morning and again I am playing the short dollar squeeze, on the technicals EURUSD looked like it’s a buy. Cable seems to have a decent level of support so I have gone long on cable and EURUSD and we’ll see how it goes throughout the day.
US military are looking to become involved in Iraq so this may result in a little of volatility. Sadly England is now out of the football so maybe the London trading desk might get a little bit more busy. Have a good day trading and good luck,
Yesterday was a tricky day for trading. I spent most of my day trying to get my positions running; particularly my Euro positions. I moved my stops higher as the market went in, so I managed to lock in some good profits on the EURUSD. I went in again later in the day but I got stopped out. I put a cable position on but managed to scratch that on one side and take a small profit on the other. So, overall it was a pretty difficult day for me.
I went long on the Germany 30 on the IFO, although the figures were slightly weak the markets seemed to react in a positive way. It looks like we might be in a situation where bad news may be good news for the ECB, making rate easing in the Euro zone a little more likely. The DAX seemed to have a biddish tone on that.
Wall street sold off in the afternoon after London went home. My position that I left on overnight got stopped out, so a bit of a frustrating day for me, losing me £400 or my initial £5,000 so still up from where I was at the start.
I’ve come in this morning and again I am playing the short dollar squeeze, on the technicals EURUSD looked like it’s a buy. Cable seems to have a decent level of support so I have gone long on cable and EURUSD and we’ll see how it goes throughout the day.
US military are looking to become involved in Iraq so this may result in a little of volatility. Sadly England is now out of the football so maybe the London trading desk might get a little bit more busy.
Have a good day trading and good luck,
Joe
Risk warning: losses can exceed your deposits
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