We made +70 pips today Our signal today was to buy USDCAD: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Jul 22, 2015 at 8:15 AM Subject: New order To: USDCAD Buy 1.3005 SL 1.2979 P1= 1.3023 1.3048 This trade reached its first profit target and triggered our updated trailing stop-loss orders were updated as follows: From: Dave … [Read more…]
Our USDCAD Forex signal generated +82 pips profit today. The market was going sideways on Monday and Tuesday morning. We made a few trades with overall break even result. Finally, we shorted USDCAD right before the U.S. dollar started to slide across the board: From: Dave Hughe <plainfx@gmail.com> Date: Tue, Jul 21, 2015 at 9:42 AM Subject: New … [Read more…]
In trading and investing losses are unavoidable. There is just no way around it. “If you can’t accept losing, you can’t win” — Vince Lombardi Every trader and trading system no matter how good generates losses. They are part of the game. Moreover, from time to time losses come in strings. If a trading system generates … [Read more…]
This was a rough week for us. On Thursday there were 2 trades, which resulted in one loss and one win: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Jul 16, 2015 at 8:43 AM Subject: New order To: EURNZD Buy 1.6701 SL 1.66.49 P1= 1.6719 P2= 1.6729 This trade hit stop-loss orders and was a loss … [Read more…]
There were no signals triggered on Tuesday. On Wednesday we lost -51 pips. The signal was as follows: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Jul 15, 2015 at 6:25 AM Subject: July 15 To: GBPUSD Buy 1.5641 SL 1.5599 P1= 1.5667 P2= 1.5694 Later we updated to the stop-loss to 1.5624: From: Dave Hughe <plainfx@gmail.com> … [Read more…]
On Monday we made +40 pips on the USDCAD trade: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Jul 13, 2015 at 6:42 AM Subject: July 13 To: USDCAD Buy 1.2755 SL 1.2695 P1= 1.2775 P2= 1.2794 This trade reached the 1st profit target and touched the 2nd profit target. The stop-loss was updated to 1.2765: From: … [Read more…]
Usually, when people talk about Forex they refer to the spot market. In the spot market currencies are traded physically or electronically “on the spot” at the current market price. For an average person, the most practical way to trade Forex is via an online broker. Brokers pair all buy and sell orders and re-sell … [Read more…]
There were no signals triggered on July 8 and July 9. On Friday, July 10 we incurred losses: There were two signals issued: From: Dave Hughe <plainfx@gmail.com> Date: Fri, Jul 10, 2015 at 6:16 AM Subject: July 10 To: EURGBP Buy 0.7216 SL 0.7279 P1= 0.7228 P2= 0.7248 This signal was a close call and … [Read more…]
On Monday we did not get any trades triggered. Today’s Forex signal made +20 pips profit: From: Dave Hughe <plainfx@gmail.com> Date: Tue, Jul 7, 2015 at 9:11 AM Subject: New order To: USDJPY Sell 122.31 SL 122.66 P1= 122.11 P2= 121.96 Once the 1st profit target was reached, we moved stop-loss orders to the break … [Read more…]
Just like in other financial markets, you profit in Forex by buying low and selling high or by selling high and buying low. Your profit is the difference between the purchase price and the sale price multiplied by the number of lots traded (see also What Is A Lot, Mini-Lot, Micro-Lot, Nano-Lot?). For example, if … [Read more…]