EURUSD
Trade: Buy Limit EURUSD (pending order @ 1.3512)
Stop Loss: 1.3452
Take Profit: 1.3596

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Monday night 23:00 GMT. It expires in 24 hours, Tuesday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Tuesday night 23:00 GMT.

Update (3/23/2010 23:16 GMT): EURUSD was triggered, but did not reach its SL or TP. We are staying with this long position due to technical support.

Trade Status: Closed. Pips: -60

Trade: Long EURUSD @ market (now 1.3562)
Stop Loss: 1.3430
Take Profit 1: 1.3660
Take Profit 2: 1.3760

Commentary: Day Trade Strategy. This is a slightly longer term trade than normal, be sure to use good risk management and patience. We recommend placing 2 trades (each at half the risk) in order to better manage this position. If the first take profit is reached at 1.3660, close half of the position there, then move the stop loss on the remaining half to 1.3570 to reduce risk and secure profit. EURUSD has developed strong technical support near 1.3450, so we expect to see a bounce and further ranging activity.

Trade Status: Closed. Pips: -132

EURUSD
Trade: Buy Limit EURUSD (pending order @ 1.3732)
Stop Loss: 1.3690
Take Profit: 1.3793

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Wednesday night 23:00 GMT. It expires in 24 hours, Thursday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Thursday night 23:00 GMT.

Trade Status: Closed. Pips: -42

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GBPUSD
Trade: Buy Limit GBPUSD (pending order @ 1.5265)
Stop Loss: 1.5213
Take Profit: 1.5398

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Wednesday night 23:00 GMT. It expires in 24 hours, Thursday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Thursday night 23:00 GMT.

Update (3/18/2010 23:18 GMT): The GBPUSD Buy Limit was triggered earlier, but did not reach its SL or TP. We are going to remain with it for another day. If it doesn’t close from the SL or TP, then it should be closed shortly before the market close for the weekend.

Trade Status: Closed. Pips: -52

EURUSD
Trade: Buy Limit EURUSD (pending order @ 1.3711)
Stop Loss: 1.3665
Take Profit: 1.3812

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Tuesday night 23:00 GMT. It expires in 24 hours, Wednesday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Wednesday night 23:00 GMT.

Trade Status: Canceled/expired (order not triggered)

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GBPUSD
Trade: Sell Limit GBPUSD (pending order @ 1.5107)
Stop Loss: 1.5042
Take Profit: 1.5336

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Tuesday night 23:00 GMT. It expires in 24 hours, Wednesday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Wednesday night 23:00 GMT.

Trade Status: Canceled/expired (order not triggered)

EURUSD
Trade: Sell Limit EURUSD (pending order @ 1.3724)
Stop Loss: 1.3769
Take Profit: 1.3616

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Monday night 23:00 GMT. It expires in 24 hours, Tuesday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Tuesday night 23:00 GMT.

Update (03/16/2010 15:22 UTC): EURUSD price action rose earlier to reach our limit order, but continued and reached our stop. We are out of the trade at 1.3769.

Trade Status: Closed. Pips: -45

GBPUSD
Trade: Buy Limit GBPUSD (pending order @ 1.5009)
Stop Loss: 1.4970
Take Profit: 1.5108

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Thursday night 23:00 GMT. It expires shortly before the market close on Friday 21:00 GMT (check with your broker for their specific close time) and should be closed at that time. It should not be left in over the weekend.

Trade Status: Canceled/expired (order not triggered)

EURUSD
Trade: Sell Limit EURUSD (pending order @ 1.3667)
Stop Loss: 1.3720
Take Profit: 1.3575

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Wednesday night 23:00 GMT. It expires in 24 hours, Thursday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Thursday night 23:00 GMT.

Update (03/11/2010 16:15 GMT): EURUSD price action rose and reached our sell limit order earlier. We are short EURUSD at 1.3667.

Update (03/11/2010 16:15 GMT): EURUSD did not reach our take profit or stop loss. There is resistance in EURUSD, so we are going to stay with this trade for another day. If it does not reach its take profit or stop loss before the weekend, then close it shortly before the weekend. It should not be left in over the weekend.

Update (03/12/2010 16:14 GMT): EURUSD price action rose and reached our stop loss at 1.3720. We are out of the trade at 1.3720.

Trade Status: Closed. Pips: -53

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GBPUSD
Trade: Sell Limit GBPUSD (pending order @ 1.4999)
Stop Loss: 1.5055
Take Profit: 1.4901

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Wednesday night 23:00 GMT. It expires in 24 hours, Thursday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Thursday night 23:00 GMT.

Update (03/11/2010 16:15 GMT): GBPUSD price action rose and reached our sell limit order and stop loss earlier. We were short GBPUSD at 1.4999 then out at 1.5055.

Trade Status: Closed. Pips: -56

EURUSD
Trade: Sell Limit EURUSD (pending order @ 1.3618)
Stop Loss: 1.3658
Take Profit: 1.3549

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Tuesday night 23:00 GMT. It expires in 24 hours, Wednesday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Wednesday night 23:00 GMT.

Update (03/10/2010 16:30 GMT): EURUSD price action rose earlier and reached our stop loss 1.3658. We are out of the trade at 1.3658.

Trade Status: Closed. Pips: -40

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GBPUSD
Trade: Sell Limit GBPUSD (pending order @ 1.5026)
Stop Loss: 1.5069
Take Profit: 1.4940

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Tuesday night 23:00 GMT. It expires in 24 hours, Wednesday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Wednesday night 23:00 GMT.

Trade Status: Canceled/expired (order not triggered)

EURUSD
Trade: Sell Limit EURUSD (pending order @ 1.3665)
Stop Loss: 1.3713
Take Profit: 1.3589

Commentary: Daily Limit trading strategy. Today’s signal was sent out near Monday night 23:00 GMT. It expires in 24 hours, Tuesday night 23:00 GMT, if not triggered. If triggered and it does not close due to the Take Profit or Stop Loss, then it will be re-evaluated at Tuesday night 23:00 GMT.

Trade Status: Canceled/expired (order not triggered)

Trade: Long USDCAD @ market (now 1.0277)
Stop Loss: 1.0170
Take Profit: 1.0750

Commentary: Day Trade Strategy. Long term day. At 1.0400, move the Stop Loss to breakeven. USDCAD has strong support near 1.0200 from two previous lows from 10/2009 and 01/2010. We are looking for that support to hold and for USDCAD to range back toward 1.0750-1.0800. We are risking over 100 pips with our stop loss, so be sure to calculate your risk (this will likely mean using a smaller lot size). Please see the USDCAD trading plan for more information.

Update (03/12/2010 16:17 GMT): Better than expected employment data in Canada and retails sales figures in the US led to USDCAD dropping and breaking its support. It reached our stop loss at 1.0170, where we are out of the trade.

Trade Status: Closed. Pips: -107