Market analysis, insights and trading ideas on various markets and products!

After my afternoon tennis game today, I was checking up on my hands-free forex trades, and I noticed that my NZD/USD HFT swing setup which I entered a few days back has retraced and hit my breakeven stop. During my last workshop, someone asked me about this and I told them that I took half profits when the price broke to a new high.

On hindsight, I might have considered taking full profits and going short instead since it had run into strong resistance.

 

HFT Forex Trading Strategies - EUR/AUD

HFT Forex Trading Strategies – EUR/AUD

 

For the EUR/AUD, I have taken half profits as well, after taking the HFT short setup a couple of days back. I will continue to trail my open profits of $1,700+ till price reaches the next support level. My stoploss is already past my entry point, so this is essentially a risk-free trade. 😀

 

HFT Forex Trading Strategies - EUR/AUD open profits

HFT Forex Trading Strategies – EUR/AUD open profits

 

HFT Forex Trading Strategies - NZD/USD

HFT Forex Trading Strategies – NZD/USD

Today, I spent the day with some friends who came back from the US, and we went to take a tour of the magnificent “Gardens by the Bay”.

There wasn’t much trading to be done, so I just did 2 quick HFT Forex trades, and netted a small profit of $546.

EUR/AUD has run into strong resistance, while NZD is resting on strong support.

The US markets looked toppish on open, presenting a good short opportunity.

This looks like a rather nice place, perhaps I might come here to trade more often during the day. See you there! 😀

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For the most recent episode on HFT (Hands-free Trading) Forex Trading, we focused on the AUD/USD and GBP/USD, which both look pretty bullish.

After the sharp move on the AUD/USD this morning, I am ready to trail my stops to protect my profits. I was using this to track the key news: https://synapsetrading.com/blog/market-pulse/

Just yesterday, I withdrew my monthly forex profits to top-up my investment portfolio. https://synapsetrading.com/portfolio-updates-june-2014-the-art-of-hedging/

I am also glad to see that one of my students is applying the HFT strategies on the move, during his reservist. We will continue to monitor the GBP/USD pair, and I am also looking at EUR/AUD.

HFT forex trading audusd

HFT forex trading gbpusd

HFT forex trading audusd 2

For the rebalancing this month, we have increased our hedge slightly to take into account a potential correction in the month ahead.

There were major capital gains from Global Invacom and Gold, but no dividend payouts this month.

We acquired some shares of Pan United and ARA Asset Management for long-term growth potential, and OUE REIT for a 7-8% passive yield.

Overall, equities look toppish but the market has yet to confirm it. We will continue to monitor, and may take profits off some stocks to ready our war chest by increasing our cash holdings.

Stay tuned till next month! 😀

Portfolio Updates Jun 2014 2

Portfolio Updates Jun 2014 1

After 7 years and 7 cycles of Army training, my unit has finally completed (and “aced”) our unit combat readiness evaluation, and this will most probably my last ever outfield. Woohoo!

Having known my comrades (and good friends) for over 8 years, it is amazing how far we have all progressed in our lives and careers, and I am glad some of them have attended my training as well, allowing them to shake free of the traditional financial shackles.

It was a great experience serving the nation, and I would like to take the chance to share how I made use of the lull time outfield to make some spare cash. (Well, it is a good way to kill the boredom of waiting 😀 )

Switching to the 5-min forex charts, there were a couple of good trades throughout the day, which easily allowed me to make $700-1200 a day, and a grand total of $2087 over the 2D2N outfield exercise. Amazingly, the internet connection was pretty decent, and there was no significant lag in my charts.

“Simplicity is the ultimate sophistication.” – Leonardo DaVinci

It may sound pretty far-fetched, but seeing is believing, for those who were with me outfield. With the right skills, even a simple iPhone is more powerful than all the softwares, indicators, and sophisticated trading platforms.

I look forward to completing my last 3 cycles with my comrades, but I know that our friendship and bonds will last a lifetime! Mortar Warriors! 🙂

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