Signal Updates- Dec. 2, 2013

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By: John Ursus

Here are the updates to trades which were recommended in November.

November 4th – AUDNZD Long Signal

This trade was entered on November 4th at 1.1400 and has resumed its corrective trend further than expected which caused a closure of this trade on November 18th for a loss of 200 pips as the stop loss target was triggered.

AUDNZD Signal 12213

November 12th – USDCAD Signal

This trade was entered on November 12th at 1.0500, but continued its rally which caused a closure of this trade on November 29th for a loss of 100 pips as the stop loss target was triggered.

USDCAD Signal 12213

November 18th – USDJPY Signal

This trade was entered on November 18th at 100.00, and continued its rally. This currency pair has floating trading losses of over 275 pips, but is very vulnerable for a correction as it approaches a double top formation.

USDJPY Signal 12213

November 25th – AUDCHF Signal

This trade was entered on November 25th at 0.8250, and stabilized. This currency pair has floating trading profits of over 50 pips, and should resume its move until the take profit target will be triggered.

AUDCHF Signal 12213

November Update

We had four trading signals in October, two were closed and two remain open with the following results:
AUDNZD Long Signal from November 4th was closed for a loss of 200 pips as the stop loss order was triggered at 1.1200.
USDCAD Short Signal from November 12th was closed for a loss of 100 pips as the stop loss order was triggered at 1.0600.
USDJPY Short Signal from November 18th carries floating trading profits of over 275 pips
AUDCHF Long Signal from November 25th carries floating trading profits of over 50 pips

Total Losses from our November Signals: 300 pips; 225 pips in floating trading losses

August Results

We had three trading signals in August and they were all closed with the following results:
GBPUSD Short Signal from August 16th was closed for a profit of 50 pips as the stop loss order was triggered at 1.5600.
EURUSD Short Signal from August 26th was closed for a profit of 200 pips as the stop loss order was triggered at 1.3225.
AUDUSD Long Signal from August 26th was closed for a profit of 600 pips as the adjusted stop loss order was triggered at 0.9500.
Total Profits from our August Signals: 850 pips

September Results

We had three trading signals in September and they were all closed with the following results:
EURGBP Long Signal from September 9th was closed for a profit of 150 pips as the stop loss order was triggered at 0.8550.
NZDUSD Short Signal from September 16th was closed for a profit of 0 pips as the stop loss order was triggered at 0.8225.
USDCHF Long Signal from September 25th was closed for a profit of 25 pips as the adjusted stop loss order was triggered at 0.9125.
Total Profits from our September Signals: 175 pips

October Results

We had three trading signals in October and they were all closed with the following results:
GBPUSD Short Signal from October 7th was closed for a profit of 250 pips as the stop loss order was triggered at 1.5900.
EURUSD Short Signal from October 14th was closed for a loss of 100 pips as the stop loss order was triggered at 1.3700.
AUDUSD Short Signal from September 21st was closed for a profit of 650 pips as the stop loss order was triggered at 0.9075.
Total Profits from our October Signals: 800 pips

Our total profits for August, September as well as October equal 1,825 pips with nine recommended signals, eight were closed for a profit and one was closed for a loss. 

Professional trader and technical analyst with over one decade of experience. John believes that being a successful trader means you have to be in the minority and defy what is popular. Trading is an art form and not science and there are more myths about trading than there are successful traders.