Our NZDCHF buy signal made +26 pips profit today: There was just one Forex signal today: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Sep 30, 2015 at 8:17 AM Subject: New order To: NZDCHF Buy 0.6227 SL 0.6199 P1= 0.6249 P2= 0.6268 This trade reached the first profit target and the stop-loss order was updated to … [Read more…]
None of our Forex signals got triggered today.
Today was another directionless day in the market. We made a few trades and got out with a small loss of -12 pips.
Regardless of background, education, experience and any other factors, every trader has to deal with: Ignorance – lack of knowledge is the number one factor people lose money in trading Greed – this includes risking more than one can afford and holding a winning position for too long. There is nothing wrong with trying to … [Read more…]
It was a choppy trading day on Friday. We cut our losses short and got out with a loss of -48 pips.
Our short CADJPY trade made +73 pips this morning: The actual signal was as follows: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Sep 24, 2015 at 6:18 AM Subject: September 24 To: CADJPY Sell 89.79 SL 90.01 P1= 89.62 P2= 89.51 Both profit targets were reached and the 3rd unit’s trailing stop was updated and later … [Read more…]
On Tuesday, we made 3 trades. We closed one of them at break even, another one with small profit and the third one was closed with a small loss. The total trading result on Tuesday was a loss of -15 pips. On Wednesday we made two trades with the total result of +19 pips (see … [Read more…]
There were no dramatic price moves today. We made 3 trades and closed them all at break even prices.
Whenever in doubt, go back to basics. From experience I can tell you that the main reasons that traders fail are: 1. Lack of a complete proven trading system. You must have a proven profitable trading system with clearly defined rules for entries and exits. There is simply no way around it. 2. Pure money … [Read more…]
We broke even on Friday. Unfortunately, we cannot simply chalk this trade up as a break-even trade because for some of our subscribers the updated stop-loss orders were triggered and they incurred a small loss of -36 pips. Sometimes this discrepancy might happen due to differences in quotes and slippages between brokers.