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Dec. 19, profit +20 pips so far

GBPUSD: profit target P1 has been reached for a 20 pips profit, the other 2 units were closed at break even. Thus the total for this trade is +20 pips profit.EURGBP sold at 0.8335, still openEURUSD sell stop order is still open AUDUSD order is cancelled

Is it better to make 1,000 pips or 10 pips?

So, what is better to make 1,000 pips once in a while or to make 10 pips every day?  Yes, this is a tricky question. But the way you answer this question defines your trading strategy. You can base your trading strategy on going for a big win or you can base it on winning … [Read more…]

How to get rich trading Forex?…It’s simple.

How to get rich trading forex? It’s simple. The biggest secret of all is that getting rich trading Forex IS simple: 1. Win more than you lose.2. Never lose more than your account can afford.3. Compound. Now, do not confuse simple with easy or quick! It takes discipline and patience. If you got discipline and patience, … [Read more…]

Th., Dec. 19 Morning orders

EURUSD Sell 1.3645 SL 1.3675 P1= 1.3625 P2= 1.3612 EURGBP Sell 0.8335 SL 0.8381 P1= 0.8305 P2= 0.8885 AUDUSD Buy 0.8876 SL 0.8836 P1= 0.8896 P2= 0.8909 GBPUSD Sell 1.6358 SL 1.6403 P1= 1.6338 P2= 1.6305

What a roller coaster!

As with anything you do in your life, you gotta have bad days. Although today was not a really bad day but it was not good. That’s for sure. The morning trade hit stop loss for a loss of -135 pips. The trade on news hit both profit targets and was closed with profit of +107 … [Read more…]