Currency Pair: USDTRY
Side: Long
Amount: 5Mill
Time Frame: 1h
Open Price: 2.1841
Close Price: 2.1931
PnL: +90 pips Profit
Open date: 19.02.2014 06:34:52
Close Date: 19.02.2014 14:49:33
Reasons Behind the trade: In the last days we were compressing downwards hitting multiple times the levels we got pre-interest rate decision from Turkey Central Bank. I was expecting a bounce from this level. I used a trailing stop after we failed to break a minor resistance and got hit too earlier. (see Figure 1)
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 140.59
Close Price: 140.40
PnL: +19 pips Profit
Open date: 19.02.2014 04:00:59
Close Date: 19.02.2014 14:26:47
Reasons Behind the trade: This trade was an intraday play as I was expecting more consolidation. My target was Yesterday's bar close but we didn't make it all they way till that level, so I used trailing stop to protect my position see Figure 2 for more details.
Daytrader21
Side: Long
Amount: 5Mill
Time Frame: 1h
Open Price: 2.1841
Close Price: 2.1931
PnL: +90 pips Profit
Open date: 19.02.2014 06:34:52
Close Date: 19.02.2014 14:49:33
Reasons Behind the trade: In the last days we were compressing downwards hitting multiple times the levels we got pre-interest rate decision from Turkey Central Bank. I was expecting a bounce from this level. I used a trailing stop after we failed to break a minor resistance and got hit too earlier. (see Figure 1)
- Figure 1. USDTRY 1h chart. (Click on the picture to enlarge)
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 140.59
Close Price: 140.40
PnL: +19 pips Profit
Open date: 19.02.2014 04:00:59
Close Date: 19.02.2014 14:26:47
Reasons Behind the trade: This trade was an intraday play as I was expecting more consolidation. My target was Yesterday's bar close but we didn't make it all they way till that level, so I used trailing stop to protect my position see Figure 2 for more details.
- Figure 2. EUR/JPY 1h chart. (Click on the picture to enlarge)
Daytrader21
