Plain Forex Trading Club

These couple of days there were no clear setups for our trading system. This morning we sent out the following email: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Aug 6, 2015 at 6:21 AM Subject: August 6 To: There are no clear setups this morning as the markets are getting prepared to be shaken by the … [Read more…]

Our AUDUSD signal made +16 pips today. The market was pretty flat today but we managed to squeeze 16 pips out of the AUDUSD short trade today: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Aug 3, 2015 at 6:00 AM Subject: Aug. 3 To: AUDUSD Sell 0.7281 SL 0.7301 P1= 0.7263 P3= 0.7251 The price went down … [Read more…]

To start trading, as opposed to gambling, you must have a proven trading strategy and a clear objective. Your initial goal should be not to make money but to learn to trade profitably. With that goal in mind, it is advisable to start trading a demo account first. Once you are profitable and comfortable using … [Read more…]

On Friday we sold short the USDJPY pair: From: Dave Hughe <plainfx@gmail.com> Date: Fri, Jul 31, 2015 at 6:05 AM Subject: July 31 To: USDJPY Buy 124.31 SL 123.16 P1= 124.46 P2= 124.56 The downside momentum did not last long. Later we updated the stop-loss orders to the break even price of 124.30. The stop-loss … [Read more…]

We shorted EURCAD today and closed it at a loss: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Jul 29, 2015 at 6:33 AM Subject: New order To: EURCAD Sell 1.4288 SL 1.4325 P1= 1.4266 P2= 1.4244 The stop-loss was updated to 1.4311 and later it was triggered: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Jul 29, 2015 … [Read more…]

We opened a trade today and closed it at the break even price.

Our AUDJPY short trade was stopped at 89.86 for the total profit of +20 pips. On the chart this trade looked like this:

We shorted AUDJPY this morning: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Jul 27, 2015 at 6:04 AM Subject: July 27 To: AUDJPY Sell 89.88 SL 90.15 P1= 89.72 P2= 89.56 So far so good. The first profit target has been reached. Stop-loss orders for the remaining 2 units are now at 89.86: From: Dave Hughe … [Read more…]