There are many different tools in technical analysis designed for different purposes. Think of them as your toolbox. In real life you need different tools to perform different tasks and therefore you need a set of tools to complete a job. In pretty much the same way you need a set of technical analysis tools … [Read more…]
The formula is pretty simple: 1. Learn theory. 2. Practice and experiment on demo. 3. Develop your own trading system. You can use someone else’s system but you still need to adjust it to your schedule and personality. 4. Once you are consistently profitable on demo, start trading real micro account. 5. Work on your … [Read more…]
If my home garage is packed with different tools, that still doesn’t mean that I can build a house. Heck, that doesn’t even mean that I can hang a TV on a wall properly. Tools are just that “tools”. They provide means for the job. Even knowing when and how to use your tools is … [Read more…]
It depends on the trading system. When considering holding positions overnight, it’s important to take into account additional expenses such as interest, swaps, etc. charged by your broker.
This week’s total trading results was negative -123 pips loss.
The total Forex Signals results this week is a net profit of +182 pips.
Our USDCAD short trade today made +154 pips profit We issued two signals today: 1. USDCHF short sell, result: break even From: Dave Hughe <plainfx@gmail.com> Date: Fri, Mar 11, 2016 at 9:02 AM Subject: March 11 To: USDCHF Sell 0.9838 SL 0.9875 P1= 0.9811 P2= 0.9801 Later the stop-loss orders were updated and triggered: From: … [Read more…]
We shorted GPBUSD today: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Mar 9, 2016 at 9:06 AM Subject: New order To: GBPUSD Sell 1.4189 SL 1.4245 P1= 1.4151 P2= 1.4136 The stop-loss orders were updated and later triggered at 1.4116: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Mar 9, 2016 at 10:00 AM Subject: GBPUSD SL 1.4216 … [Read more…]
We issued 2 Forex signals today: From: Dave Hughe <plainfx@gmail.com> Date: Tue, Mar 8, 2016 at 9:11 AM Subject: March 8 To: USDCAD Buy 1.3360 SL 1.3324 P1= 1.3378 P2= 1.3394 and From: Dave Hughe <plainfx@gmail.com> Date: Tue, Mar 8, 2016 at 9:26 AM Subject: New order To: USDJPY Sell 112.79 SL 113.15 P1= 112.51 … [Read more…]
USDJPY short sale today made +39 pips profit: The actual Forex signal that we sent out was as follows: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Mar 7, 2016 at 8:35 AM Subject: March 7 To: USDJPY Sell 113.49 SL 113.71 P1= 113.21 P2= 113.06 Later the stop-loss orders were moved to 113.36: From: Dave Hughe … [Read more…]