Blog

FXLR Daily Roundup – Mon 31st August 2009

With a UK bank holiday today, we just opened for the US session.  The market seemed to behave, and even seem normal!  6 nice set ups, which we took 3.  One unlucky breakeven, but two winners. It was almost back to a normal trading scenario, with perfect set ups actually playing correctly!  Some nice chat this afternoon.

Summary

Total Profit/Loss: +46 pips

Number of Trades: 3
Winning Trades: 2
Breakeven Trades: 1
Losing Trades: 0

Live Room Trades

GBP/USD - Long Call +27 pips
Trade setup: Double Bottom
Entry - break level: 1.6236
1st exit level: 1.6266 +30
2nd exit level: 1.6260 +24
Stop: 1.6211
(Allow few pips for slippage on entry/exit levels)

USD/CHF - Short Call +19 pips
Trade setup: Bear Flag
Entry - break level: 1.0577
1st exit level: 1.0557 +20
2nd exit level: 1.0559 +18
Stop: 1.0602
(Allow few pips for slippage on entry/exit levels)

USD/JPY - Short Call +0 pips
Trade setup: Bear Flag
Entry - break level: 92.77
1st exit level: 92.77 +0
2nd exit level:
Stop: 93.02
(Allow few pips for slippage on entry/exit levels)

Have a great weekend.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 28th August 2009

Another enjoyable day in the room.  This afternoon had lots of chat, and we had some training this morning that was well received.  Only +21 pips on the day for the official calls.  Yes, we know there was more taken in the room.

Summary

Total Profit/Loss: +21 pips
Number of Trades: 4
Winning Trades: 1
Breakeven Trades: 2
Losing Trades: 1

Live Room Trades

EUR/USD – Short Call -5 pips
Trade setup: Triangle
Entry – break level: 1.4349
1st exit level: 1.4354 -5
2nd exit level:
Stop: 1.4374
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call +26 pips
Trade setup: Double Top
Entry - break level: 1.6324
1st exit level: 1.6302 +22
2nd exit level: 1.6294 +30
Stop: 1.6349
(Allow few pips for slippage on entry/exit levels)

AUD/USD - Short Call +0 pips
Trade setup: Trendline break
Entry - break level: 0.8440
1st exit level: 0.8440 +0
2nd exit level:
Stop: 0.8465
(Allow few pips for slippage on entry/exit levels)

USD/JPY - Short Call +0 pips
Trade setup: Momntum
Entry - break level: 93.52
1st exit level: 93.52 +0
2nd exit level:
Stop: 93.77
(Allow few pips for slippage on entry/exit levels)

Have a great weekend.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 27th August 2009

A lack-lustre day.  Well, it was at first.  It soon became active in the room chat once the US session came alive, although the single trade we called was just a boring break even one.  Others took GBP-JPY this morning, amongst others.  Even twice or 3 times, in fact.  Well done guys.  Loads of chat this afternoon and early evening, with the banter even kicking in.  Again.  Good stuff.  We all thoroughly enjoyed the session.

Summary

Total Profit/Loss: +0 pips
Number of Trades: 1
Winning Trades: 0
Breakeven Trades: 1
Losing Trades: 0

Live Room Trades

USD/CAD - Long Call +0 pips
Trade setup: Rectangle continuation
Entry - break level: 1.1000
1st exit level: 1.1000 +0
2nd exit level:
Stop: 1.0975
(Allow few pips for slippage on entry/exit levels)
Have a good evening.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 26th August 2009

Not a good day today.  Well, not for us, anyway.  Stopped out by 2 or 3 pips only to see trades run +100 pips and more.  That is one problem with a set -25 pip stop in the room, as a protection.  We know many didn’t (and don’t close) on the auto-stop, but we have to place a set stop for those that ask, or aren’t as experienced.  We will review again and decide whether we call a different stop for each trade, as many of the members do.  Anyway, whilst the day and chat was enjoyable, the trading wasn’t.  Tomorrow is another day…

Summary

Total Profit/Loss: -106 pips
Number of Trades: 5
Winning Trades: 0
Breakeven Trades: 0
Losing Trades: 5

Live Room Trades

GBP/USD - Short Call -25 pips
Trade setup: Momentum
Entry - break level: 1.6298
1st exit level: 1.6323 -25
2nd exit level:
Stop: 1.6323
(Allow few pips for slippage on entry/exit levels)
GBP/JPY - Short Call -25 pips
Trade setup: Momentum
Entry - break level: 153.26
1st exit level: 153.51 -25
2nd exit level:
Stop: 153.51
(Allow few pips for slippage on entry/exit levels)
Risk warning and Disclaimer. Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in
the Forex and other markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell any investment. No representation is being
made that any account will or is likely to achieve profits or losses similar to those discussed here. The past performance of any trading system or methodology is not necessarily
indicative of future results.
GBP/USD - Short Call -25 pips
Trade setup: Momentum
Entry - break level: 1.6164
1st exit level: 1.6189 -25
2nd exit level:
Stop: 1.6189
(Allow few pips for slippage on entry/exit levels)
EUR/USD - Short Call -6 pips
Trade setup: Momentum
Entry - break level: 1.4227
1st exit level: 1.4233 -6
2nd exit level:
Stop: 1.4252
(Allow few pips for slippage on entry/exit levels)

AUD/USD - Short Call -25 pips
Trade setup: Momentum
Entry - break level: 0.8260
1st exit level: 0.8285 -25
2nd exit level:
Stop: 0.8285
(Allow few pips for slippage on entry/exit levels)
Have a good evening.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 25th August 2009

+23 pips on the day.

Summary

Total Profit/Loss: +23 pips
Number of Trades: 5
Winning Trades: 2
Breakeven Trades: 2
Losing Trades: 1

Live Room Trades

EUR/USD - Short Call -25 pip
Trade setup: Momentum
Entry - break level: 1.4272
1st exit level: 1.4297 -25
2nd exit level:
Stop: 1.4297
(Allow few pips for slippage on entry/exit levels)

USD/CHF - Long Call +0 pips
Trade setup: Momentum
Entry - break level: 1.0595
1st exit level: 1.0595 +0
2nd exit level:
Stop: 1.0570
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call +22 pips
Trade setup: Momentum
Entry - break level: 1.6376
1st exit level: 1.6356 +20
2nd exit level: 1.6352 +24
Stop: 1.6401
(Allow few pips for slippage on entry/exit levels)

EUR/USD - Short Call +0 pips
Trade setup: Momentum
Entry - break level: 1.4320
1st exit level: 1.4320 +0
2nd exit level:
Stop: 1.4345
(Allow few pips for slippage on entry/exit levels)

GBP/JPY - Short Call +26 pip
Trade setup: Momentum
Entry - break level: 153.96
1st exit level: 153.67 +29
2nd exit level: 153.73 +23
Stop: 154.21
(Allow few pips for slippage on entry/exit levels)
Have a good evening.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 24th August 2009

An even start to the week, with quite a few trades but the two early chop outs didn’t help the total.  Unlucky on both as both went good after stop.

Summary

- Total: +4 pips.
- 9 Live Room trade calls; 4 wins, 2 breakevens, 3 losses.

Live room trades

GBP/USD - Long Call (-25 pips)
Live Room Call: Entry on the break of 1.6484
1st Level: 1.6459, -25 pips
Stop: 1.6459
(Allow few pips for slippage on entry/exit levels)

EUR/JPY – Short Call (-25 pips)
Live Room Call: Entry on the break of 135.42
1st Level: 135.67, -25 pips
Stop: 135.67
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (+21 pips)
Live Room Call: Entry on the break of 1.6440
1st Level: 1.6420, +20 pips
2nd Level: 1.6418, +22 pips
Stop: 1.6465
(Allow few pips for slippage on entry/exit levels)

GBP/JPY – Short Call (+0 pips)
Live Room Call: Entry on the break of 155.70
1st Level: 155.70, +0 pips
Stop: 155.95
(Allow few pips for slippage on entry/exit levels)

GBP/JPY - Short Call (+33 pips)
Live Room Call: Entry on the break of 155.48
1st Level: 155.29, +19 pips
2nd Level: 155.01, +47 pips
Stop: 155.73
(Allow few pips for slippage on entry/exit levels)

EUR/USD – Long Call (-11 pips)
Live Room Call: Entry on the break of 1.4326
1st Level: 1.4315, -11 pips
Stop: 1.4301
(Allow few pips for slippage on entry/exit levels)

GBP/USD – Short Call (+0 pips)
Live Room Call: Entry on the break of 1.6403
1st Level: 1.6403, +0 pips
Stop: 1.6428
(Allow few pips for slippage on entry/exit levels)

USD/CAD – Long Call (+6 pips)
Live Room Call: Entry on the break of 1.0755
1st Level: 1.0761, +6 pips
Stop: 1.0730
(Allow few pips for slippage on entry/exit levels)

GBP/JPY – Short Call (+5 pips)
Live Room Call: Entry on the break of 154.94
1st Level: 154.89, +5 pips
Stop: 155.19
(Allow few pips for slippage on entry/exit levels)

Have a good evening.

FXLR team
www.forexliveroom.com

FXLR - Daily Round up - Fri 21st August 2009

A good day today, with a nice training session this morning followed by some profitable trades.  +60 pips on the day.  Everyone was happy in the room.

Summary

4 Trades - 3 wins and one small loss.

-5, +21, +23, +21.

Total Profit/Loss: +60 pips

Number of Trades: 5
Winning Trades: 3
Breakeven Trades: 1
Losing Trades: 1

Live Room Trades

EUR/USD - Long Call -5 pips
 
Trade setup: Bull Flag
Entry - break level: 1.4301
1st exit level: 1.4296 -5
2nd exit level:   
Stop: 1.4276 
(Allow few pips for slippage on entry/exit levels)

AUD/USD - Long Call +0 pips
 
Trade setup: Ascending Triangle
Entry - break level: 0.8315
1st exit level: 0.8315 +0
2nd exit level:   
Stop: 0.8290 
(Allow few pips for slippage on entry/exit levels)

USD/CAD - Short Call +21 pips
 
Trade setup: Momentum
Entry - break level: 1.0790
1st exit level: 1.0766 +24
2nd exit level: 1.0772 +18
Stop: 1.0815 
(Allow few pips for slippage on entry/exit levels)

EUR/JPY - Long Call +23 pips
 
Trade setup: Momentum
Entry - break level: 135.15
1st exit level: 135.40 +25
2nd exit level: 135.36 +21
Stop: 134.90 
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call +21 pips
 
Trade setup: Momentum
Entry - break level: 1.6542
1st exit level: 1.6520 +22
2nd exit level: 1.6522 +20
Stop: 1.6567 
(Allow few pips for slippage on entry/exit levels)

Have a great weekend.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 20th August 2009

An enjoyable day again!  Started a bit like yetsreday, but then came to life as the US session kicked in.  One unlucky trade at thge end of the day, but still +36 pips on the day.  Of course, the usual suspects were posting many more trades and ‘punt’ trades.

Summary

- Total: +36 pips.
- 10 Live Room trade calls; 6 wins, 4 losses.

Live room trades

GBP/JPY - Short Call (+10 pips)
Live Room Call: Entry on the break of 156.08
1st Level: 155.88, +20 pips
2nd Level: 156.08, +0 pips
Stop: 156.33
(Allow few pips for slippage on entry/exit levels)

USD/CAD - Short Call (-3 pips)
Live Room Call: Entry on the break of 1.0935
1st Level: 1.0938, -3 pips
Stop: 1.0960
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (+10 pips)
Live Room Call: Entry on the break of 1.6530
1st Level: 1.6520, +10 pips
Stop: 1.6555
(Allow few pips for slippage on entry/exit levels)

AUD/USD - Short Call (+19 pips)
Live Room Call: Entry on the break of 0.8306
1st Level: 0.8288, +18 pips
2nd Level: 0.8286, +20 pips
Stop: 0.8331
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (+13 pips)
Live Room Call: Entry on the break of 1.6503
1st Level: 1.6490, +13 pips
Stop: 1.6528
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (+15 pips)
Live Room Call: Entry on the break of 1.6470
1st Level: 1.6454, +16 pips
2nd Level: 1.6456, +14 pips
Stop: 1.6495
(Allow few pips for slippage on entry/exit levels)

USD/JPY - Short Call (+11 pips)
Live Room Call: Entry on the break of 94.21
1st Level: 94.10, +11 pips
Stop: 94.46
(Allow few pips for slippage on entry/exit levels)

EUR/USD - Long Call (-7 pips)
Live Room Call: Entry on the break of 1.4242
1st Level: 1.4235, -7 pips
Stop: 1.4217
(Allow few pips for slippage on entry/exit levels)

USD/CHF - Short Call (-7 pips)
Live Room Call: Entry on the break of 1.0645
1st Level: 1.0652, -7 pips
Stop: 1.0670
(Allow few pips for slippage on entry/exit levels)

GBP/JPY - Short Call (-25 pips)
Live Room Call: Entry on the break of 155.10
1st Level: 155.35, -25 pips
Stop: 155.35
(Allow few pips for slippage on entry/exit levels)

Have a good evening.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 19th August 2009

A funny day.  Well, what looked to be a weird day early doors ended up a nice day, with +76 pips. The early trade was cut at just about break even (-5 pips) as it became a gamble.  Of course some stayed in and promptly took a winner, but the trade became our loss for the day.  Not to worry.  Also, well done Johnny on the +50 pips on Cable this afternoon. Others also took EUR-JPY and Oz-USD, plus more.  We’d like to do the same, but we have rules!  The ‘punts’ we can’t officially call!  But a very good day for all.

Summary

- Total: +76 pips.
- 5 Live Room trade calls; 4 wins, 1 loss.

Live room trades

GBP/USD - Short Call (-5 pips)
Live Room Call: Entry on the break of 1.6450
1st Level: 1.6455, -5 pips
Stop: 1.6475
(Allow few pips for slippage on entry/exit levels)

USD/CHF - Short Call (+27 pips)
Live Room Call: Entry on the break of 1.0691
1st Level: 1.0669, +22 pips
2nd Level: 1.0659, +32 pips
Stop: 1.0716
(Allow few pips for slippage on entry/exit levels)

USD/CAD - Short Call (+27 pips)
Live Room Call: Entry on the break of 1.1032
1st Level: 1.1007, +25 pips
2nd Level: 1.1003, +29 pips
Stop: 1.1057
(Allow few pips for slippage on entry/exit levels)

EUR/USD - Long Call (+8 pips)
Live Room Call: Entry on the break of 1.4229
1st Level: 1.4237, +8 pips
Stop: 1.4204
(Allow few pips for slippage on entry/exit levels)

USD/CHF - Short Call (+19 pips)
Live Room Call: Entry on the break of 1.0644
1st Level: 1.0624, +20 pips
2nd Level: 1.0626, +18 pips
Stop: 1.0669
(Allow few pips for slippage on entry/exit levels)

Have a good evening.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 18th August 2009

A weird day.  Nothing was traded until later on.  This morning there were a couple of possible trades, but we didn’t take as it seemed a rather lack-lustre market situation.  We know the ‘punts’ worked ok for one or two members, you guys don’t need to be sending private messages, being smug!  But, seriously, it wasn’t a easy day.  We still came out with +16 pips on the few trades,w hcih included a -5 chop that didn’t look entertaining any more. The usual voices were active, which we all enjoy.  Not sure we agree with all the beers that may be being consumed during the middle US session… 

Summary

- Total: +16 pips.
- 4 Live Room trade calls; 1 win, 2 breakevens, 1 loss.

Live room trades

GBP/USD - Long Call (+21 pips)
Live Room Call: Entry on the break of 1.6538
1st Level: 1.6566, +28 pips
2nd Level: 1.6552, +14 pips
Stop: 1.6513
(Allow few pips for slippage on entry/exit levels)

GBP/JPY - Long Call (+0 pips)
Live Room Call: Entry on the break of 156.71
1st Level: 156.71, +0 pips
Stop: 156.46
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Long Call (+0 pips)
Live Room Call: Entry on the break of 1.6572
1st Level: 1.6572, +0 pips
Stop: 1.6547
(Allow few pips for slippage on entry/exit levels)

GBP/JPY - Long Call (-5 pips)
Live Room Call: Entry on the break of 156.95
1st Level: 156.90, -5 pips
Stop: 156.70
(Allow few pips for slippage on entry/exit levels)

Have a good evening.

FXLR team
www.forexliveroom.com