Binary Options - 08 Oct 2015

Binary Options - 08 Oct 2015

Quickie 15mins session after a long break. 3:45am to 4:00am (SG Time).

4 done deals, "Up Scaling" done on losing trades.

EOD profit, US$6.60

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$6.60 / [US$55 / 4] x 100%

= 48% (Profit)

Trade safely everybody and do not neglect your family =^_^=

EUR/USD Outlook (26 August 2015)

A quick update on what we are looking at EUR/USD.

It seems like market recovery for EUR/USD but take a look on a bigger picture. Market looks like it is in a big Bear Flag. Slowly inching up the Fibo Retracement from the big drop since May last year.

Currently, it is moving in a channel which looks like a Bear Flag. So far, Fibo 23.6% has been breached but Fibo 38.2% seems to be holding it. If 38.2% can be breached, we will be looking at the bear flag to continue if the Bear Flag resistance holds.

Nonetheless, since this is a macro picture, there will be trading opportunities within this Bear Flag but be careful when price action reaches critical levels or price line like Fibo Retracements levels and Bear Flag support and resistance levels. 

If at anytime soon, market can break below the Bear Flag, we will be looking for a drop continuation from previous drop. If not, we will only stick to quick in-out positions.

Trade carefully everyone, market is a little crazy these days and always remember, market is always correct. Do not attempt to break it, the house never lose =^_^=

FX Spot - USD/JPY (20-May-2015)

We opened a long position on 20-May-2015 with USD/JPY @ 8:31pm (SG Time). Entry price @ 120.779, SL @ 120.40 and TP @ 122.00.

Position has just been closed today, 26-May-2015, @ 2:13pm (SG Time) with TP triggered @ 122.151. 6 days of floating with 137.2 pips profit in the bag =]

Trade safely everyone.

FX Spot - USD/CAD 27-April-2015

FX Spot - USD/CAD 27-April-2015

Our position that we opened two days ago, 27 April 2015, with the USD/CAD @ 12:30pm (SG Time), price of 1.21595 has been closed tonight, 29 April 2015, by our Target Profit @ 8:48pm (SG Time), price of 1.19958 which is around 38.2% Fibo Retracement under daily charts. 163.7 pips in the bag for this trade =^_^=

USD/CAD - 17 Apr 2015

USD/CAD - 17 Apr 2015

Price has broken support and Fibo 23.6%.

We will be looking for opportunity to short this pair. Once we are in, we will look at around 1.1996 or Fibo 38.2% to exit.

Let's see how it goes =^_^= Trade safely everyone.

Binary Options - 09 Apr 2015

Binary Options - 09 Apr 2015

One and half hour session today started at 4pm and ends at 5:30pm (SG Time).

5 done deals, "Up Scaling" done on losing trades. EOD profit, US$12.00

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$12.00 / [US$120.00 / 5] x 100%

= 50% (Profit)

Trade safely everybody and do not neglect your family =^_^=

USD/CAD - 24 Mar 2015

USD/CAD - 24 Mar 2015

Looks like double top is forming in the dailies with top side resistance at 1.2835. If price can breach DT neck line support level at 1.2362 and 23.6% Fibo retracement, we will look for an opportunity to short it towards 38.2% or 50% Fibo retracement.

Let's see how it goes =^_^=

FX Spot - EUR/USD (13 Mar 2015)

FX Spot - EUR/USD 13-Mar-2015

Our position that we opened yesterday, 13 Mar 2015, with the EUR/USD @ 12:12pm (SG Time), price of 1.06094 has been closed by our Target Profit @ 11:29pm (SG Time), price of 1.04877 which is around the low of 12 Mar 2015. 121.7 pips in the bag for this trade =^_^=

Happy Lunar New Year 2015!

Wishing all my chinese friends, colleagues, partners, god-pa & acquaintances a Happy & Prosperous Lunar New Year!!!

Gold's reaction on open interest surge.

Gold prices posted the biggest weekly gain in 18 months as turmoil in European currency markets spurred demand for the metal as a haven.

Aggregate open interest in gold futures on Jan. 15 surged 5.6 percent, the most since October 2009, following the Swiss central bank’s surprise move to abandon the franc’s cap against the euro. Assets in the biggest exchange-traded product backed by the metal rose the most since August 2011.

Gold climbed to a four-month high on Friday, while call options for the right to own February futures at $1,300 an ounce soared sevenfold in two days. Signs of cooling expansion in Europe boosted speculation that policy makers will add to stimulus, increasing demand for a store of value. Muted inflation and stagnant foreign economies may prompt the Federal Reserve to delay an increases in interest rates.

Citigroup's losses on FX turmoil.

Citigroup Inc. (C), the world’s biggest currencies dealer, lost more than $150 million after the Swiss central bank’s surprise decision to let the franc trade freely against the euro, according to a person briefed on the matter.

The losses occurred on the New York-based bank’s trading desks and aren’t tied to its relationships with FXCM Inc. and other retail trading platforms, said the person, who asked for anonymity because the information hasn’t been disclosed publicly. Citigroup’s head of European investor sales, foreign exchange and local markets, Alex Jackson, left the firm this week, another person said earlier today.

Deutsche Bank AG and Barclays Plc (BARC) also incurred losses after the Swiss National Bank scrapped its three-year-old policy of capping its currency against the euro. The franc soared as much as 41 percent versus the euro, while climbing more than 15 percent against all of the more than 150 currencies tracked by Bloomberg. Deutsche Bank lost $150 million and Barclays less than $100 million, people familiar with the matter said.

For Citigroup, a loss of $150 million equates to about 7.5 percent of the $1.99 billion the bank generated from fixed-income markets in the fourth quarter. Financial results at firms across Wall Street this week disappointed investors as earnings from that business fell short of analysts’ estimates.

Citigroup rose 0.8 percent today to close at $47.61 in New York. The shares have tumbled 12 percent this month, compared with the 5 percent drop for the Standard & Poor’s 500 Financials Index.

Binary Options - 12 January 2015

http://goo.gl/gJTV6c

Binary Options - 12 January 2015

A super long session today, started at 12 noon and ended at 10:30pm with a total of 35 done deals. For those that know me, I won't do this much of trades within a day unless it is done for a reason. You are correct, I was doing my theory testing. Over the weekend, I refined and did some tweaking to my algorithms and I did the testing today. It is tough but I finally got the hang of it towards end of the session without any EOD losses. =^_^= Small profit day but a worth while session. Will see if my new tweaks will do a great job for the rest of January 2015.

35 done deals,  "Up Scaling" done on losing trades. EOD profit, US$5.80

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$5.80 / [US$1025.00 / 35] x 100%

= 19.80% (Profit)

I am already out since 10:30pm but did not write it up straight-away. Decided to go for a relaxing supper with my wife. Trade safely everybody and do not neglect your family =^_^=

http://goo.gl/gJTV6c

Binary Options - 09 January 2015

http://goo.gl/gJTV6c

Binary Options - 09 January 2015

A quickie session. Woke up late at, near 7pm. Still have time before US Data Non-farm payroll release later tonight.

2 done deals,  no "Up Scaling" used due to no losing trade. EOD profit, US$15.20

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$15.20 / [US$20 / 2] x 100%

= 152.00% (Profit)

For those going in tonight, just be careful of data release from 9:15pm (SG Time) onward. US Data Non-farm Payroll at 9:30pm.

I am out for today. Trade safely everybody =^_^=

http://goo.gl/gJTV6c

Binary Options - 07 January 2015

http://goo.gl/gJTV6c

Binary Options - 07 January 2015

A very quick session, am having a splitting headache when I woke up. Only 2 done deals.

2 done deals,  "Up Scaling" during loses. EOD profit, US$9.00

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$9.00 / [US$35 / 2] x 100%

= 51.43% (Profit)

For those going in tonight, just be careful of data release from 9:15pm (SG Time) onward.

I am out for today and gonna pop some painkillers. Trade safely everybody =^_^=

http://goo.gl/gJTV6c

Binary Options - 06 January 2015

http://goo.gl/gJTV6c

Binary Options - 06 January 2015

One of the days, it is a break even day. Did a couple of mistakes in the beginning of the session. The objective for today is to cover loses. Once that is achieved, would love to continue but my stamina is running low.

11 done deals,  "Up Scaling" during loses. EOD profit, US$0.65

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$0.65 / [US$325 / 11] x 100%

= 2.2% (Profit)

I am out for today. Trade safely everybody =^_^=

http://goo.gl/gJTV6c

Binary Options - 05 January 2015

http://goo.gl/gJTV6c

Binary Options - 05 January 2015

My first session for 2015 =] A relax jack session since it is my first session for the year, I do not like any losing trade within the session. Super conservative when I look at the moving numbers. Look at USD/JPY in the afternoon and EUR/USD in late afternoon. 

3 done deals, no "Up Scaling" is used due to no losing trade. EOD profit, US$21.90

Based on dollar cost averaging of lot size, profit made:

[Profits or Loses] / [Total volume / Trades done] x 100%

= US$21.90 / [US$30 / 3] x 100%

= 219% (Profit)

I am done for today. Trade safely everybody =^_^=

http://goo.gl/gJTV6c