I just showed you how I made a quick 182 pips of profit in a matter of minutes on Australian GDP news release. There are big news coming out for USD and CAD tomorrow morning. If anyone is interested how I trade news events in Forex just comment on this post. Feel free to ask … [Read more…]
Dec. 3 end of day results: +89 pips
USDCAD +18 pips profit USDEUR -111 pips loss AUDUSD + 182 pips profit Total for the day: + 89 pips profit
Dec. 3 new orders
AUDUSD news playBuy 0.9147 SL 0.9109 P1= 0.9163 P2= 0.9178 Sell 0.9124 SL 0.9145 USDCAD Sell 1.0634 SL 1.0658 P1= 1.0616 P2= 1.0603
Protect your forex account!
Big losses will ruin your forex account! Just don’t let them happen. You can’t make money trading forex unless you control you losses. And the only way to protect yourself from big losses is to use Stop Loss orders. A stop loss order is a simple Buy Stop or Sell Stop order, which you use … [Read more…]
Dec. 2 end of day results
GBPUSD P1 was filled for 16 pips profit, 2 more positions are still open SL 1.6367, which if hit will make this trade a break even USDCAD and EURUSD are still open
USDCAD Buy
USDCAD Buy 1.0646 SL 1.0618 P1= 1.0664 1.0684
EURUSD
EURUSD Sell 1.3519 SL 1.3565 P1= 1.3504 P2= 1.3495
Dec. 2. Good morning!
GBPUSD Sell 1.6359 SL 1.6408 P1= 1.6343 P2= 1.6322
Notice how EURUSD reached both profit targets just as expected
Cancelled both trades before going to sleep but both pairs performed as expected. EURUSD price dropped to 1.3525 reaching both profit targets before bouncing back up. As I said before, there is no reason to get upset for missing an opportunity. Profitable trades in Forex happen every day. One has to be patient and persistent.