Elliott Wave Trade Ideas Performance Update

Oleh Unknown

Jumat, 19 September 2014

We bought USD/CAD in the previous week at 1.0860 and as the pair broke above previous resistance at 1.0998, we raised our stop to 1.0960 to protect profit, however, the pair slipped back to 1.0934 before rising again late last week, the position was exited at 1.0960 with 100 points profit.

We sold euro against yen at 137.00 and the rebound from 135.82 turned out to be much stronger than expected, the position was stopped at 137.50, euro then rallied to as high as 139.20 on Friday before easing.

A short position was entered in AUD/USD last week at 0.9210 and aussie did meet renewed selling interest at 0.9218 and tumbled again, in view of the weekend, we took profit on this short at 0.9050 (with 160 points profit), the pair then opened lower today and fell to as low as 0.8984.

In short, 3 positions were entered last week with total profit of 210 points and the positions are listed below.

4 Sep: USD/CAD - Long at 1.0860, exited at 1.0960 (+100 points)
9 Sep: EUR/JPY - Short at 137.00, exited at 137.50 ( - 50 points)
11 Sep: AUD/USD - Short at 0.9210, exited at 0.9050 (+ 160 points)

| AUD EUR/JPY EUR/GBP CAD

Jan            -146            -240             +115           +200
Feb             -220           - 80               - 35
Mar                              +160             + 90            + 20
Apr             - 45            - 60               - 70          +150
May           +175          + 135                               - 60
Jun             +92           - 65               - 40           +200
Jul              -60
Aug            + 15           - 40             + 50            - 50
Sep             +100        - 110                              +100
Oct
Nov
Dec
Y-T-D        - 89           -290            +110          +560

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