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USDCAD +18 pips profit USDEUR -111 pips loss AUDUSD + 182 pips profit Total for the day: + 89 pips profit

AUDUSD news playBuy 0.9147 SL 0.9109 P1= 0.9163 P2= 0.9178 Sell 0.9124 SL 0.9145 USDCAD Sell 1.0634 SL 1.0658 P1= 1.0616 P2= 1.0603

Big losses will ruin your forex account! Just don’t let them happen. You can’t make money trading forex unless you control you losses. And the only way to protect yourself from big losses is to use Stop Loss orders. A stop loss order is a simple Buy Stop or Sell Stop order, which you use … [Read more…]

GBPUSD P1 was filled for 16 pips profit, 2 more positions are still open SL 1.6367, which if hit will make this trade a break even USDCAD and EURUSD are still open

USDCAD Buy 1.0646 SL 1.0618 P1= 1.0664 1.0684

EURUSD Sell 1.3519 SL 1.3565 P1= 1.3504 P2= 1.3495

GBPUSD Sell 1.6359 SL 1.6408 P1= 1.6343 P2= 1.6322

Cancelled both trades before going to sleep but both pairs performed as expected. EURUSD price dropped to 1.3525 reaching both profit targets before bouncing back up. As I said before, there is no reason to get upset for missing an opportunity. Profitable trades in Forex happen every day. One has to be patient and persistent. 

EURUSD Sell 1.3574 SL 1.3616 P1= 1.3554 P2= 1.3534 USDJPY Buy 102.64 SL 102.28 P1= 102.84 P2= 102.94