Answer by Dave Hughe: It's impossible to succeed in trading without the correct psychology and mindset. Discipline is the one most important factor in any trader's success. You can have the best strategy in the world and lose money if you don't follow that strategy to a tee. The majority of traders lose money because … [Read more…]
Our Forex signals generated +206 pips of profit this week. There were no signals today and therefore the total trading result for this week is +206 pips of profit.
As mentioned in the previous post, our USDCAD trade today reached both profit targets and the third unit was stopped at 1.1519 for +74 pips in total profit (see below) USDCAD Buy 1.1503 SL 1.1459 P1= 1.1527 P2= 1.1537
Our Forex Signal this morning: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Dec 11, 2014 at 7:32 AM Subject: December 11 To: USDCAD Buy 1.1503 SL 1.1459 P1= 1.1527 P2= 1.1537 As you can see, both profit targets have been reached already.
Both trades hit their stop loss orders for +132 pips of profit: AUDJPY short trade: Sell 98.99 SL 99.61 P1= 98.68 P2= 96.48 (+112 pips) USDCAD long trade: Buy 1.1471 SL 1.1429 P1= 1.1491 P2= 1.1509 (+20 pips)
Two Forex signals issued today. Both profitable: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Dec 10, 2014 at 7:49 AM Subject: December 10 To: AUDJPY Sell 98.99 SL 99.61 P1= 98.68 P2= 96.48 USDCAD Buy 1.1471 SL 1.1429 P1= 1.1491 P2= 1.1509 There were no signals on Monday and our Forex signal issued on Tuesday was … [Read more…]
Our Forex signals made +154 pips of profit this week.
Today’s Forex signal was to buy EURJPY: From: Dave Hughe <plainfx@gmail.com> Date: Fri, Dec 5, 2014 at 7:39 AM Subject: December 5 To: Buy 149.14 SL 148.59 P1= 149.34 P2= 149.54
Today’s Forex signal was to buy EURJPY: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Dec 4, 2014 at 7:57 AM Subject: December 4 To: EURJPY Buy 148.02 SL 147.39 P1= 148.32 P2= 148.58 Both profit targets were filled in a hurry as the price jumped on the Euro news. The third unit hit a stop loss:
The last unit in our long CADJPY position hit its stop-loss realizing additional +25 pips of profit (see the previous post).