1 trades has been closed since the last update. It was a loss. The total realized loss is $222. Last week, we ended at $1981 in profit minus interests and fees. After the loss this week, that brings our total net profit to $1759 minus interests and fees. The strategy can be found here. The previous week’s… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 30
Month: February 2018
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 29
5 trades have been closed since the last update. 3 of them were losses, and 2 of them were profitable. The total realized gain is $444. Last week, we ended at $1537 in profit minus interests and fees. After the profit this week, that brings our total net profit to $1981 minus interests and fees.… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 29
Bitcoin Range Bound Remains the Theme
Bitcoin has managed to stay above $8,000 for sometime. Can it break above $9,000? Bitcoin is struggling with the regulatory problems. This time, it came from the U.K. Seven of the largest cryptocurrency companies have come together and formed a self-regulatory body in the U.K. This is good news. Last Tuesday, the Senate Banking Committee hearing… Continue reading Bitcoin Range Bound Remains the Theme
The Euro Is up 150 Pips from the Recent Low
The euro recovered very nicely from 1.2205 to 1.2350. Unfortunately, the upward momentum was not strong enough to turn the long position from my MT4 EA into a profit. The stop loss was hit before the upward move continued again. The strategy can be found here. The latest result can be found here.
The Euro Is Trading in a Tight Range after the Soaring U.S. Treasury Yield Scare Has Subsided
Quiet is the theme for today’s trading. The euro seesaws between 1.22 and 1.23 today after the steep decline last week. At the current level, the euro has fallen 200+ pips from the recent high since January 25th. There has not been any trading activity from my MT4 EA since the last update. The strategy… Continue reading The Euro Is Trading in a Tight Range after the Soaring U.S. Treasury Yield Scare Has Subsided
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 28
4 trades have been closed since the last update. All of them were losses. The total realized loss is $901. Last week, we ended at $2438 in profit minus interests and fees. After the loss this week, that brings our total net profit to $1537 minus interests and fees. The strategy can be found here. The… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 28
The Euro Is at 1.2250 in Quiet Trading
The euro has been trading at around 1.2250 for the past 24 hours in a narrow range. The euro’s decline has stalled near 1.2211, but whether the level could hold, it is still yet to be seen. Yesterday, the Philly Fed Harker said that he expected just two rate hikes in 2018. The rumors in the… Continue reading The Euro Is at 1.2250 in Quiet Trading
The Philly Fed’s Comments Gave the Euro Some Support for Now
The euro’s decline has temporarily stalled near 1.2211, but whether the level could hold, it is still yet to be seen. The U.S. stock market and the Forex market remain volatile today. Dow Jones was down 400+ points, the Treasury yields were near multi-year high, and the euro was down near 400 pips from the… Continue reading The Philly Fed’s Comments Gave the Euro Some Support for Now
Bitcoin Moved Higher Cautiously above $8,000
Bitcoin is still holding above $8,000 after falling below $6000 2 days ago. The latest from India was any gain from the Bitcoin trading would be taxable. That’s actually not bad news. On Tuesday, the Senate Banking Committee hearing called for greater consumer protection for the cryptocurrency trading.
Can the Euro Hold above 1.21?
The euro’s decline was exacerbated after the 1.2313 level of support was violated. The euro found some support at 1.2250 but eventually, succumbed to the selling pressure. The next level of support was found near 1.2211. The rebound from 1.2211 triggered an action from my MT4 EA. A long position was created. However, it was… Continue reading Can the Euro Hold above 1.21?