Uncategorized

GBPUSD Buy 1.6407 SL 1.6367 P1= 1.6427 P2= 1.6437 Good trading!

This was a nice profitable week in Forex: 89 + 178 + 78 + 70 = + 415 pips The up to date total since the start of this blog is 212 + 415 = + 627 pips of profit

EURUSD + 40 pips profit USDCAD + 30 pips profit Total: + 70 pips

EURUSD Buy 1.3682 Sell 1.3647 USDCAD Buy 1.0671 Sell 1.0638

EURUSD + 60 pips profit USDCHF + 18 pips profit plus 2 units still open with SL at break even point Today’s total: + 78 pips profit

One common mistake that people make when trading forex is risking too much money by trading the same currency across different pairs. For example, all USD pairs such as EURUSD, USDCAD, USDJPY, etc. tend to move simultaneously with the US dollar index. Therefore, if the US dollar price moves against you, there is a big … [Read more…]

AUDCAD Buy 0.9661 SL 0.9624 P1= 0.9682 P2= 0.9693 USDCAD Sell 1.0638 SL 1.0668 P1= 1.0618 P2= 1.0605

USDCHF moved SL to 0.8975

Regardless of your trading system or style, every trade you make must have some reason behind it. If there is no reason behind your trade, than it’s a pure and simple gamble. And if you gamble in forex, you will lose money in the long run (we will discuss why gambling is bad in forex in … [Read more…]