The following signals were issued today. As you can see the EURUSD and GBPUSD orders performed as expected. The EURUSD position has reached both profit targets already (+51 pips of profit). One more unit is open to capitalize on further price decline. The GBPUSD position has reached profit target P1 (+22 pips of profit) and … [Read more…]
Th., May 1
The following signals were issued but none was triggered and they were cancelled later. There was no action in the market due to the holidays in Europe.
Wd., Apr. 30 Forex signals
Today there were the following signals issued:
Tu., Apr. 29 Forex signals
There were no signals on Monday and there are none today:
How do you short a currency?
Answer by Dave Hughe: There are basically 3 ways to short a currency:1. You can sell a contract for that currency in a Futures Market.2. You can sell an index of that currency. For example, if you believe that the US dollar is going to weaken, you can sell a US dollar index, which measures … [Read more…]
What is the link between technical analysis and psychology?
Answer by Dave Hughe: The whole idea of technical analysis was based on the premise that most of the time people would respond in the same way to similar situations. And that these similarities of responses are reflected in patterns on charts. Whether this is true or not is a matter of opinion. But some … [Read more…]
How can one be a good forex trader?
Answer by Dave Hughe: The same way that one can be good at anything else. How does one become a good plumber or doctor or athlete? By learning and practicing. That is the only way really. View Answer on Quora
Fr., Apr. 25 End of Week Results: +66 pips (Total: +3,174 pips)
Just another short slow week after the long weekend. The result is +66 pips of profit and we are holding AUDUSD over the weekend. The up to date results since the start of this blog are as follows: Week 1: +231 pips Week 2: – 19 pips Week 3: +415 pips Week 4: +366 pips … [Read more…]
AUDUSD reached 1st target: +66 pips profit
The AUDUSD short position opened on Apr. 17 (see the original post) reached its first profit target for a +66 pips of profit. The stop-loss orders for the remaining 2 units are moved to their break even points now.
Th., Apr. 24 Trade signals
This morning there were two signals. The GBPUSD news trade was cancelled due to the lack of action. The AUDUSD short position is open.