Sunday 7 November 2010

AUD/USD (Australian Dollar/Unied States Dollar) and AUD/JPY(Australian Dollar/Japanese Yen)

I have placed 2 orders in the market to buy the following currency pairs at the following prices -
AUD/USD - 10157 and and AUD/JPY - 8253.8
I am looking at least for a 50 pip profit on each of these trades. I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.

Wednesday 3 November 2010

130 Pip Profit - GBP/USD (British Pound/US Dollar)

I have closed my trade on GBP/USD at 16130 (which I opened on Sunday night) for 90 Pip profit.
Although my target was 70 pip profit target, as the move was volatile I trailed the stop. Could have picked up another 15/16 pips but as it started to retrace thought it best to close the trade.

Tuesday 2 November 2010

60 Pip Profit - NZD /USD (New Zealand Dollar/US Dollar)

I have closed my trade on NZD/USD at 7723 (which I opened on Sunday night) for 60 Pip profit.
I still have the GBP/USD (British Pound/US Dollar) trade open with a 70 pip profit target.

Sunday 31 October 2010

GBP/USD (British Pound/US Dollar) and NZD /USD (New Zealand Dollar/US Dollar)

I have placed 2 orders in the market to buy the following currency pairs at the following prices -
GBP/USD - 16040 and NZD /USD - 7663
GBP/USD appears to have broken resistance at 16000 so could be a good move. I am looking at least for a 70 pip profit on this trade. If the move is volatile, I might trail the move with the stop loss.
I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.

Saturday 30 October 2010

Bonds rise and Dollar slips

Amid prospects of more Federal Reserve monetary easing next week, Bonds rose and the Dollar slipped. This possibility coupled with the outcome of the US elections is likely to have some bearing on the major currency pairs.
Will be monitoring soon after Wednesday to identify trading opportunities.

Thursday 28 October 2010

Royal Dutch Shell Plc looking good

A good earnings report from oil giant Royal Dutch Shell helped the UK FTSE 100 index rise this morning. Among regional indexes the U.K. FTSE 100 index was the best performer.
I will be monitoring Royal Dutch Shell stock in the next few days to place a buy order. The company has good fundamentals and technicals. There was a 88% rise in third-quarter profit for the stock as oil and gas production rose

Monday 25 October 2010

U.S. dollar decline

Following the weekend meeting in South Korea during which the other G20 Finance ministers pledged to avoid devaluing their currencies, U.S. stocks rallied and the U.S. dollar declined. The dollar declined against all the other major currencies.
It remains to be seen how much further the dollar will decline in the next few days and weeks.

Sunday 24 October 2010

EUR/CAD (Euro/Canadian) and EUR/GBP (Euro/British Pound)

I have placed 2 orders in the market to buy the following currency pairs at the following prices -
EUR/CAD - 14319.2 and EUR/GBP - 8898.0
I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.

Monday 18 October 2010

Brilliant profits today! - Google Inc and Apple Computer Inc

I have closed 2 of the trades I opened this morning.

The trades were closed (all for a very good profit!) at the following prices Google Inc - $617.64 ($16 profit per share!) and Apple Computer Inc - $317.91 ($3 profit per share!). Very positive trading results today.

Sunday 17 October 2010

Google Inc, Amazon.com Inc and Apple Computer Inc

I have placed 3 orders in the market to buy the following US stocks at the following prices -
Google Inc - $601.49, Amazon.com Inc - $164.68 and Apple Computer Inc - $314.78 I have selected these stocks based on the analysis using my trading strategy. Will see how the trades progress in the next few days

Wednesday 13 October 2010

Profits on Oracle Corp, Union Pacific Corp and Chevron!

I have now closed the 3 trades I opened at the start of this week.

The trades were closed (all in profit!) at the following prices Oracle Corp - $28.82, Union Pacific Corp - $86.94 (Union Pacific was a great one at about $2 profit per share in only 3 days!) and Chevron - $84.04 (Chevron smaller profit for an earlier exit)

Sunday 10 October 2010

Oracle Corp, Union Pacific Corp and Chevron

I have placed 3 orders in the market to buy the following US stocks at the following prices -
Oracle Corp - $28.03, Union Pacific Corp - $84.90 and Chevron - $83.98 I have selected these stocks based on the analysis using my trading strategy. Will see how the trades progress in the next few days

Employment Report negative but US Stocks and Indices up

Despite the negative Employment Report on Friday, U.S. stocks and major U.S. stock indexes were up. The markets think further quantitative easing by the Federal Reserve is the prospect and that the Federal Reserve will be aggressive to prevent economic growth moving into the doldrums again.
The Dow ended 0.53% or 57.90 points up, the highest close above 11,000 since 3rd May. The last time it closed above that was 11 years ago on 3rd May, 1999.

Tuesday 5 October 2010

US Stocks and Indices up

There were great gains on U.S. stocks and major U.S. stock indexes. A combination of the Bank of Japan saying that it will maintain its near zero interest rate policy and the Institute for Supply Management services index rising to 53.2 in September from 51.5 the previous month helped stock gains.
The Dow Jones Industrial Average rose by 193.45 points at the close

Profits on MasterCard, Chevron and Pepsi!

I have now closed the 3 trades I opened at the start of this week.

The trades were closed (all in profit!) at the following prices MasterCard - $226.95 Chevron - $83.34 and Pepsi - $67.80

Sunday 3 October 2010

MasterCard, Chevron and Pepsi

I have placed 3 orders in the market to buy the following US stocks at the following prices -
MasterCard - $224.82, Chevron - $81.99 and Pepsi - $66.97 I have selected these stocks based on the analysis using my trading strategy. Will see how the trades progress in the next few days

US Stock Indices - Pullback or Pause?

As all the major indexes went into negative territory after the Dow and S&P 500 had their best September gains since 1939, is October going to see a major pullback or momentary pause?

Sunday 26 September 2010

Google Inc, Apple and Amazon

I have placed 3 orders in the market to buy the following US stocks at the following prices -
Google at $527.33, Apple at $292.36 and Amazon at $160.77
I have selected these stocks based on the analysis using my trading strategy. Will see how we get on in the next few days

Small loss - Johnson Matthey and Admiral Group PLC

The other 2 trades on the UK stocks Johnson Matthey and Admiral Group PLC which I opened on Monday did not move as expected. I closed both trades on Friday with a small loss (Johnson Matthey closed at £17.61 (£17.74 - £17.61 = 0.13 x 100 shares = £13) and Admiral Group PLC closed at £16.28 (£16.69 - £16.28 = 0.41 x 100 shares = £41). Total loss £54.

Not too bad as losses in trading are a matter of course and as long they are kept to a minimum, they should not affect the profit on the overall trades.

Wednesday 22 September 2010

RandGold Resources trade closed in Profit

I have closed one of the 3 trades on UK stocks - RandGold Resources I opened at the start of this week.

The trade was closed at £64.87 per share (a profit of £1.42 per share x 100 shares = £142)

The trades on the other 2 stocks Johnson Matthey and Admiral Group PLC are still open as they are still slightly below the opening prices of Monday. I hope there will be a bit of movement tomorrow otherwise will have to close those trades.

3 Profitable trades! - Caterpillar, Johnson & Johnson and Amazon

I have now closed the 3 trades I opened at the start of this week.

The trades were closed (all in profit!) at the following prices Caterpillar - $76.33 (a profit of $3.11 per share x 50 shares = $155.50; Amazon - $152.16 (a profit of $3.80 per share x 50 shares = $190) and Johnson & Johnson - $62.11 (a profit of - $0.50 per share x 50 shares = $25.00). Total profit = $370.50

Sunday 19 September 2010

RandGold Resources, Johnson Matthey and Admiral Group PLC

I have placed three orders in the market to buy the following UK stocks at the following prices. RandGold Resources at £63.45 per share, Johnson Matthey at £17.74 per share and Admiral Group PLC at £16.69 We will see how we get on in the next few days,

Caterpillar, Johnson & Johnson and Amazon

I have placed 3 orders in the market to buy the following US stocks at the following prices -
Caterpillar - $73.22, Amazon - $148.36 and Johnson & Johnson - $61.61 I have selected these stocks based on the analysis through my trading strategy. Will see how we get on in the next few days