Had a few beers last night from a boutique brewery in the Barossa Valley so my head feels a little muddled and slow this morning. Very interesting days trading on forex so as usual lets start there.
FOREX:
Seems like the good ol' US Dollar is dropping. This has signaled a few entries and exits today starting with:
- A long entry signal for Euro / US Dollar.
- There is an exit signal for my short trade on British Pound / US Dollar.
- An exit signal for my long trade on US Dollar / Canadian Dollar which also signals a short entry.
- A short entry on US Dollar / Swiss Franc.
- An exit signal on my short trade for Austrtalian Dollar / US Dollar.
- A long entry signal for Euro / British Pound.
- And exit signals for short trades on Euro / Japanese Yen and British Pound / Japanese Yen.
Both the last two trades have been very profitable so we will see how things sit tomorrow morning when we get the open price for all the entries and exits from today.
COMMODITIES:
Very humdrum as things are chugging along nicely. All open trades are going in the right direction. Only two trades in the red, being corn and soybeans however soybeans is heading the right way now. There is a long entry signal for Lean Hogs and a long entry signal for Cocoa.
Profit on open trades stands at $10,181 and closed trades is the same as yesterday at $4,333.75 a total of $14,514.75 a 30.24% increase on the initial balance.
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