Plain Forex Trading Club

Fr., Apr. 10 Forex signals & results

Today’s Forex signal was to short EURAUD: From: Dave Hughe <plainfx@gmail.com> Date: Fri, Apr 10, 2015 at 9:35 AM Subject: EURAUD Sell 1.3819 SL 1.3851 P1= 1.3805 P2= 1.3782  

Wd., Apr. 8 Forex signals & results

Forex signals today were as follows: We bough CADJPY, which reached its 1st profit target and was stopped: From: Dave Hughe <plainfx@gmail.com>Date: Wed, Apr 8, 2015 at 6:07 AMSubject: April 8To: CADJPY Buy 95.31 SL 94.89 P1= 95.51 P2= 95.73 We shorted USDJPY, which did not cooperate and was stopped at 120.02: From: Dave Hughe <plainfx@gmail.com>Date: Wed, Apr 8, … [Read more…]

Mo., Apr. 6 Forex Signals results: brake even today (+3 pips profit)

We bought EURJPY and sold USDJPY today. Closed our EURJPY positions with a small profit and USDJPY positions with a small loss. The net result is +3 pips of profit. Most banks in Europe and UK are closed today and apparently there is not enough volume to move the market in any particular direction.

Mar. 30- Apr. 3 Forex Signals End Of Week Results: a tiny loss of -7 pips

This was a quiet week before the long weekend with not much action in the markets. None of our signals were triggered on Wednesday and Thursday and we closed this week with the small loss of -7 pips. Happy holidays to all!

Tu., Mar. 31 Forex Signals

We shorted GBPUSD again: From: Dave Hughe <plainfx@gmail.com> Date: Tue, Mar 31, 2015 at 7:49 AM Subject: New order To: GBPUSD Sell 1.4779 SL 1.4821 P1= 1.4762 P2= 1.4742 This trade was closed at break even: From: Dave Hughe <plainfx@gmail.com> Date: Tue, Mar 31, 2015 at 8:07 AM Subject: GBPUSD SL BE To: — Abbreviations: … [Read more…]

Mo., March 30 Forex Signals

Our Forex signal was to short GBPUSD: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Mar 30, 2015 at 7:08 AM Subject: New order To: GBPUSD Sell 1.4795 SL 1.4871 P1= 1.4756 P2= 1.4738 The trade was not moving as expected therefore we moved the stops very close: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Mar 30, 2015 … [Read more…]

In Forex Trading the word “Scalping” is often used among Currency Traders. What does it mean to “Scalp” Trades?

Answer by Dave Hughe: Scalping in Forex is a style of trading where traders attempt to take advantage of small price fluctuations of currency pairs. Scalpers “jump” in and out of numerous trades within a short period of time trying to make (“to scalp”) a small profit on each trade. Scalpers make tens and even … [Read more…]

Our second Forex signal added +20 pips of profit to the total result today

Today’s second Forex signal made +20 pips of profit: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Mar 23, 2015 at 9:15 AM Subject: New order To: GBPUSD Buy 1.4936 SL 1.4879 P1= 1.4956 P2= 1.4984 The first trading unit reached its profit target. The remaining 2 units were stopped at their break even prices.