Month: November 2013

GBPUSD P1 is filled, moved SL to break even for the remaining 2 orders

All information and advice provided here is for educational purposes only and should not be considered specific investment advice. Sell Stop GBPUSD 1.6178, SL 1.6228, P1= 1.6163, P2= 1.6153 Sell Stop EURUSD 1.3498, SL 1.3538, P1= 1.3478, P2= 1.3458 Buy Stop NZDUSD 0.8231 SL0.8178, P1= 0.8245, P2= 0.8255

Let’s cover the basics. During trading hours each currency pair at any given moment has two prices: Bid and Ask. The Bid is the price at which you can sell and the Ask is the price at which you can buy. For example, the EURUSD pair might be quoted as 1.3501-1.3503 meaning that you can … [Read more…]

For me, the spare time trading is exactly what it sounds like. All my trades are based on simple technical analysis except for trading on news. The process is pretty simple. The most activity in forex trading starts around 8:00 – 8:30 am EST when North American markets open. Therefore, on weekdays I start my day … [Read more…]