Shorted My Favourite Currency Pair again
My favourite currency pair is USDJPY because it has helped me to make money on several trades already.
As long as financial crisis is not over, hedge funds will continue to unwind their carry trades. Fear in the financial market will strengthen Yen.
My mid-term target price for USDJPY is 104, I believe we will see this level before end of the year.
My system is still signal SELL for USDJPY. If anyone is interested to know my trading system, send a PM (Personal message) to me.
Shorted 20,000 USDJPY at 107.40
Stop level at 108.50
Target level at 106.10
My favourite currency pair is USDJPY because it has helped me to make money on several trades already.
As long as financial crisis is not over, hedge funds will continue to unwind their carry trades. Fear in the financial market will strengthen Yen.
My mid-term target price for USDJPY is 104, I believe we will see this level before end of the year.
My system is still signal SELL for USDJPY. If anyone is interested to know my trading system, send a PM (Personal message) to me.
Shorted 20,000 USDJPY at 107.40
Stop level at 108.50
Target level at 106.10
Last Friday I had shorted 20,000 USDJPY at 107.40, stop level at 108.50, target level at 106.10.
Today in the early Asia hours, target level of 106.10 was reached, so my position was closed with 130 pips profit, US$236.06.
This news has triggered the sharp fall in USDJPY:
Key investors Bank of America and Barclays Plc have reportedly decided not to buy troubled investment bank Lehman Brothers this morning. Barclays walked away from the deal after they could not obtain government protection from loses on Lehman's assets.
75% Success Rate From My Forex Trading System
I believe that to trade forex successfully over a longer period of time, a proven trading system is the answer.
After years of building systems, testings, modifications, and more testings, I had finally created a trading system that had helped me to achieve more than 70% success rate in forex trading.
Below are trades executed based on my trading system:
9 winning trades and 3 losing trades
1. On 10 September I had shorted 10,000 GBPJPY at 186.18, stop level at 188.26, target level at 183.31. GBPJPY rises above 188.26, so my stop is triggered.
2. On 8 September I had shorted 20,000 USDJPY at 108.43, stop level at 110.00, target level at 106.94. USDJPY went below 106.94, reached my target level, so position is closed. Profit is 143 pips, US$264.44.
3. On 5 September I had shorted 10,000 USDCAD at 1.0654, target level at 1.0487. Details here. Support level at 1.0550 creates a rebound for USDCAD, not taking any chance I decide to take profit first. Bought back USDCAD at 1.0570, profit is up 84 pips, US$78.57.
4. On 3 September I had shorted 10,000 USDCHF at 1.1078, stop level at 1.1182, target level at 1.0932. USDCHF rise above 1.1182, so my stop triggered. Loss amount is US$104.
5. On 4 September I had shorted 10,000 USDJPY at 108.18, stop level at 109.30, target level at 106.91. USDJPY slided down, I decide to take profit first as tomorrow US is going to announce Non-Farm Payroll. Bought back at 107.43, profit is 75 pips, US$69.81.
6. On 2 September I had shorted 10,000 USDJPY at 108.82, stop level at 109.85, target level at 106.85. The whole forex environment turns 360% today, decided to take profit on USDJPY first. Bought back at 108.40, profit is up 42 pips, US$35.75.
7. On 29 August I had shorted 10,000 EURGBP at 0.8105, stop level at 0.8208, target level at 0.7909. EURGBP keeps going up, so I decide to cut loss. Bought back at 0.8154. loss is US$85.59.
8. On 1 September I had shorted 10,000 NZDUSD at 0.6962, stop level at 0.7080, target level at 0.6766. NZDUSD fell to a low of 0.6805 before rebounding up. I believe the overall trend for NZDUSD is still down, but it is oversold now, so we may see a rebound. I decided to take profit first, bought back at 0.6871, profit is 91 pips, US$90.60.
9. On 1 September I had shorted 10,000 USDJPY at 109.53, stop level at 11.46, target level at 108.20. Surprise resignation of Japan Prime Minister may caused market to lose confidence in Yen, hence decide to take profit on USDJPY first. Bought back USDJPY at 108.51, up 102 pips, profit is US$82.00.
10. On 26 August I had shorted NZDUSD at 0.6970, stop level at 0.6673, target level at 0.6673. Seeing that USD started to weaken, I decided to take profit on NZDUSD at 0.6936, profit is US$34.
11. On 26 August I had also shorted EURUSD at 1.4712, stop level at 1.4915, target level at 1.4415. I decided to take profit at 1.4630, profit is US$82.
12. On 12 September I had shorted 20,000 USDJPY at 107.40, stop level at 108.50, target level at 106.10. On 15 September early Asia hours, target level of 106.10 was reached, so my position was closed with 130 pips profit, US$236.06.
I believe that to trade forex successfully over a longer period of time, a proven trading system is the answer.
After years of building systems, testings, modifications, and more testings, I had finally created a trading system that had helped me to achieve more than 70% success rate in forex trading.
Below are trades executed based on my trading system:
9 winning trades and 3 losing trades
1. On 10 September I had shorted 10,000 GBPJPY at 186.18, stop level at 188.26, target level at 183.31. GBPJPY rises above 188.26, so my stop is triggered.
2. On 8 September I had shorted 20,000 USDJPY at 108.43, stop level at 110.00, target level at 106.94. USDJPY went below 106.94, reached my target level, so position is closed. Profit is 143 pips, US$264.44.
3. On 5 September I had shorted 10,000 USDCAD at 1.0654, target level at 1.0487. Details here. Support level at 1.0550 creates a rebound for USDCAD, not taking any chance I decide to take profit first. Bought back USDCAD at 1.0570, profit is up 84 pips, US$78.57.
4. On 3 September I had shorted 10,000 USDCHF at 1.1078, stop level at 1.1182, target level at 1.0932. USDCHF rise above 1.1182, so my stop triggered. Loss amount is US$104.
5. On 4 September I had shorted 10,000 USDJPY at 108.18, stop level at 109.30, target level at 106.91. USDJPY slided down, I decide to take profit first as tomorrow US is going to announce Non-Farm Payroll. Bought back at 107.43, profit is 75 pips, US$69.81.
6. On 2 September I had shorted 10,000 USDJPY at 108.82, stop level at 109.85, target level at 106.85. The whole forex environment turns 360% today, decided to take profit on USDJPY first. Bought back at 108.40, profit is up 42 pips, US$35.75.
7. On 29 August I had shorted 10,000 EURGBP at 0.8105, stop level at 0.8208, target level at 0.7909. EURGBP keeps going up, so I decide to cut loss. Bought back at 0.8154. loss is US$85.59.
8. On 1 September I had shorted 10,000 NZDUSD at 0.6962, stop level at 0.7080, target level at 0.6766. NZDUSD fell to a low of 0.6805 before rebounding up. I believe the overall trend for NZDUSD is still down, but it is oversold now, so we may see a rebound. I decided to take profit first, bought back at 0.6871, profit is 91 pips, US$90.60.
9. On 1 September I had shorted 10,000 USDJPY at 109.53, stop level at 11.46, target level at 108.20. Surprise resignation of Japan Prime Minister may caused market to lose confidence in Yen, hence decide to take profit on USDJPY first. Bought back USDJPY at 108.51, up 102 pips, profit is US$82.00.
10. On 26 August I had shorted NZDUSD at 0.6970, stop level at 0.6673, target level at 0.6673. Seeing that USD started to weaken, I decided to take profit on NZDUSD at 0.6936, profit is US$34.
11. On 26 August I had also shorted EURUSD at 1.4712, stop level at 1.4915, target level at 1.4415. I decided to take profit at 1.4630, profit is US$82.
12. On 12 September I had shorted 20,000 USDJPY at 107.40, stop level at 108.50, target level at 106.10. On 15 September early Asia hours, target level of 106.10 was reached, so my position was closed with 130 pips profit, US$236.06.
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Resistance for USDCAD Holds
Resistance for USDCAD holds well at 1.0811, seems like USDCAD is going back down.
My system signals SELL for USDCAD.
I shorted USDCAD at market rate and placed a stop above the resistance level.
Shorted 20,000 USDCAD at 1.0766
Stop level at 1.0830
Target level at 1.0698
Resistance for USDCAD holds well at 1.0811, seems like USDCAD is going back down.
My system signals SELL for USDCAD.
I shorted USDCAD at market rate and placed a stop above the resistance level.
Shorted 20,000 USDCAD at 1.0766
Stop level at 1.0830
Target level at 1.0698
This trade is stopped out.
Buying Opportunity for USDCAD
US Dollar weaken is overdone, this weaken should stablise temporary. Good support at 1.0420 on the hourly chart, I predict USDCAD will rebound from there.
My trading system has signal BUY for USDCAD.
Bought 30,000 USDCAD at 1.0464
Stop level at 1.0400
Target level at 1.0542
US Dollar weaken is overdone, this weaken should stablise temporary. Good support at 1.0420 on the hourly chart, I predict USDCAD will rebound from there.
My trading system has signal BUY for USDCAD.
Bought 30,000 USDCAD at 1.0464
Stop level at 1.0400
Target level at 1.0542
System Signals BUY for USDJPY
In my previous article "USDJPY is a Good Barometer of the Stock Market", I mentioned that my system is starting to signal BUY for USDJPY.
Usually when my system gives a signal, I look use hourly chart to determine my entry level.
Hourly chart shows that USDJPY is oversold, so I took the opportunity to buy USDJPY.
Bought 30,000 USDJPY at 106.56
Stop level at 105.40
Target level at 107.90
In my previous article "USDJPY is a Good Barometer of the Stock Market", I mentioned that my system is starting to signal BUY for USDJPY.
Usually when my system gives a signal, I look use hourly chart to determine my entry level.
Hourly chart shows that USDJPY is oversold, so I took the opportunity to buy USDJPY.
Bought 30,000 USDJPY at 106.56
Stop level at 105.40
Target level at 107.90
Forex Trades 17 Nov - 21 Nov : 86% success rate
This week 7 trades were executed: 6 trades won, 1 trades lost (86% success rate)
1. On 21 Nov morning I had bought 10,000 AUDUSD at 0.6146, stop level at 0.6060, target level at 0.6241.
AUDUSD moves in my view but uptrend looks weak. So I took profit at 0.6201, profit is 55 pips, US$55.00.
2. On 20 Nov I had Shorted 10,000 GBPUSD at 1.4911, stop level at 1.500, target level at 1.4702.
GBPUSD moves in my favour, I decide to take profit at 1.4807. Profit is 104 pips, US$104.00.
3. On 20 Nov morning I had shorted 10,000 USDJPY at 95.74, stop level at 96.50, target level at 94.77.
USDJPY rebounds from a support level of 118.50, so I decide to take profit first. Bought back at 95.37, profit is 35 pips, US$36.70.
4. On 19 Nov night time (Asia hours) I had shorted 10,000 EURJPY at 123.64, stop level at 124.66, target level at 121.69.
EURJPY moves down sharply so I decide to take profit first. Bought back at 122.67, profit is 97 pips, US$100.11.
5. On 19 Nov morning time (Asia hours) I had shorted 10,000 EURJPY at 122.17, stop level at 123.70, target level at 120.74.
To protect my position from suffering any loss and yet to let my profit run, I had removed my stop and target level, and place at 30 pips trailing stop.Stop triggered at 122.01, profit is 16 pips, US$16.56.
6. On 19 Nov I had shorted 10,000 GBPUSD at 1.4954, stop level at 1.5110, target level at 1.4813.
Sell signal is getting weaker, so I decide to take profit at 1.4955. Profit is 44 pips, US$44.00.
7. On 18 Nov morning (Asia hours) I had shorted 10,000 EURJPY at 121.53, stop level at 122.53, target level at 120.34.
Stop is triggered, loss is US$103.41.
All of my trades are executed based on BL TS (trading system). To view rest of my trades, go to Forex & Binary Trading.
This week 7 trades were executed: 6 trades won, 1 trades lost (86% success rate)
1. On 21 Nov morning I had bought 10,000 AUDUSD at 0.6146, stop level at 0.6060, target level at 0.6241.
AUDUSD moves in my view but uptrend looks weak. So I took profit at 0.6201, profit is 55 pips, US$55.00.
2. On 20 Nov I had Shorted 10,000 GBPUSD at 1.4911, stop level at 1.500, target level at 1.4702.
GBPUSD moves in my favour, I decide to take profit at 1.4807. Profit is 104 pips, US$104.00.
3. On 20 Nov morning I had shorted 10,000 USDJPY at 95.74, stop level at 96.50, target level at 94.77.
USDJPY rebounds from a support level of 118.50, so I decide to take profit first. Bought back at 95.37, profit is 35 pips, US$36.70.
4. On 19 Nov night time (Asia hours) I had shorted 10,000 EURJPY at 123.64, stop level at 124.66, target level at 121.69.
EURJPY moves down sharply so I decide to take profit first. Bought back at 122.67, profit is 97 pips, US$100.11.
5. On 19 Nov morning time (Asia hours) I had shorted 10,000 EURJPY at 122.17, stop level at 123.70, target level at 120.74.
To protect my position from suffering any loss and yet to let my profit run, I had removed my stop and target level, and place at 30 pips trailing stop.Stop triggered at 122.01, profit is 16 pips, US$16.56.
6. On 19 Nov I had shorted 10,000 GBPUSD at 1.4954, stop level at 1.5110, target level at 1.4813.
Sell signal is getting weaker, so I decide to take profit at 1.4955. Profit is 44 pips, US$44.00.
7. On 18 Nov morning (Asia hours) I had shorted 10,000 EURJPY at 121.53, stop level at 122.53, target level at 120.34.
Stop is triggered, loss is US$103.41.
All of my trades are executed based on BL TS (trading system). To view rest of my trades, go to Forex & Binary Trading.
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Great friend keep it going. Can you share some of your experience regarding you trades.
Sharing experience, ok. I think you are the 1st guy who bother to ask me to share my experience.
I used to be commodity sales trader (trading copper, nickel, tin, zinc, lead, corn, gold, silver, crude oil), and at that time I thought that making money from forex was impossible.
This was because many a times I got stopped out on my forex trades. The fundamental can be pointing to a weak USD, but some news along the way (economic news from Europe, US, or corporate news) can create a change of trend, resulting my position being stopped out. So after some losses, and only 10% success rate, I decided to give up forex trading.
After few years as commodity sales, I moved on to a hedge fund as a commodity trader. This is a normal trend in the trading industry, sales people gets peanuts, while traders in hedge funds are earning big bucks.
But somehow US is against speculation on oil, and agriculture products. Hence my company (hedge fund) has difficulty in getting a trading license approval from CFTC. So my trading director puts me into forex team instead.
So I am to learn fast. I have seen my colleagues who have 20 - 30 years experience in the forex industry gets punished by the market because they hold on to some of their stubborn views.
Their stubborn views include:
1. USD is a junk currency, we should never go long on USD. So they bought AUDUSD, NZDUSD instead and make huge losses, but still they hold on to their view that USD is a junk currency.
2. Never enter a negative carry trade.
When you buy AUDUSD, you earn interest, this is call position carry.
When you short AUDUSD, you pay interest, this is call negative carry.
So they never short AUD/USD, so they lost a lot of profitable trading opportunities. AUDUSD is already down 40% from the peak. (If you do not short and bought AUDUSD instead, just imagine your loss based on 200 times leverage).
Eventually my conclusion is that, never be stubborn with you view.
In my mind I was thinking, if 20 - 30 years forex trader cannot make money in this kind of wild market, I better create a system, and follow the system faithfully. But to create a profitable system is never easy. My senior colleagues laughed at me, they said if you can make money from forex trading by following a system, then many traders would have made money.
I rejected that view. If I can create a profitable system in commodity trading, I can do the same in forex trading.
After years of testing, modifying, retest, and remodifying, finally I managed to create a trading system that allows me to achieve more than 70% success rate in forex trading. This can be seen in my forex trading journal: Forex & Binary Trading
420 Pips Profit For This Week
This week 8 trades were executed: 7 trades won, 1 trades lost (87.50% success rate)
1. Today (26 Nov) I had shorted 10,000 EURJPY at 123.68, stop level at 124.73, target level at 122.60.
My signal has turned from sell to buy, so I decide to take profit first. Bought back at 123.28, profit is 40 pips, US$42.07.
2. On 25 Nov night, I had shorted 10,000 USDJPY at 0.9542, stop level at 0.9640, target level at 0.9391.
Today (26 Nov) the sell signal from BL TS is getting weak, so I bought back the short position. Profit is 33 pips, US$34.70.
3. On 25 Nov I had shorted 10,000 EURJPY at 125.19, stop level at 126.20, target level at 123.60.
Target level of 123.60 is reached. Profit is 159 pips, US$167.05.
4. On 25 Nov I bought 10,000 USDCAD at 1.2411, stop level at 1.2290, target level at 1.2522.
Uptrend seems weak, so I decide to take profit first. Sold at 1.2441, profit is 30 pips, US$24.11.
5. On 25 Nov morning, I had shorted 10,000 AUDUSD at 0.6481, stop level at 0.6570, target level at 0.6385.
AUDUSD met some support at 0.6400, I decided to take profit at 0.6431. Profit is 50 pips, US$50.00.
6. On 24 Nov morning, I had bought 10,000 USDJPY at 95.36, stop level at 94.88, target level at 96.31.
There is resistance at 96.00, so I took profit at 95.87. Profit is 51 pips, US$53.20.
7. On 24 Nov I had bought 10,000 EURJPY at 121.13, stop level at 119.50, target level at 122.71.
Target level is reached, profit is 158 pips, US$164.69.
8. On 24 Nov I had shorted 10,000 GBPUSD at 1.4899, stop level at 1.5000, target level at 1.4803.
Stop is triggered, loss is US$101.00.
All of my trades are executed based on BL TS (trading system). If you are interested in my system, send an email to me at [email protected].
To view my trades, go to my homepage.
Risk Disclosure:
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
This week 8 trades were executed: 7 trades won, 1 trades lost (87.50% success rate)
1. Today (26 Nov) I had shorted 10,000 EURJPY at 123.68, stop level at 124.73, target level at 122.60.
My signal has turned from sell to buy, so I decide to take profit first. Bought back at 123.28, profit is 40 pips, US$42.07.
2. On 25 Nov night, I had shorted 10,000 USDJPY at 0.9542, stop level at 0.9640, target level at 0.9391.
Today (26 Nov) the sell signal from BL TS is getting weak, so I bought back the short position. Profit is 33 pips, US$34.70.
3. On 25 Nov I had shorted 10,000 EURJPY at 125.19, stop level at 126.20, target level at 123.60.
Target level of 123.60 is reached. Profit is 159 pips, US$167.05.
4. On 25 Nov I bought 10,000 USDCAD at 1.2411, stop level at 1.2290, target level at 1.2522.
Uptrend seems weak, so I decide to take profit first. Sold at 1.2441, profit is 30 pips, US$24.11.
5. On 25 Nov morning, I had shorted 10,000 AUDUSD at 0.6481, stop level at 0.6570, target level at 0.6385.
AUDUSD met some support at 0.6400, I decided to take profit at 0.6431. Profit is 50 pips, US$50.00.
6. On 24 Nov morning, I had bought 10,000 USDJPY at 95.36, stop level at 94.88, target level at 96.31.
There is resistance at 96.00, so I took profit at 95.87. Profit is 51 pips, US$53.20.
7. On 24 Nov I had bought 10,000 EURJPY at 121.13, stop level at 119.50, target level at 122.71.
Target level is reached, profit is 158 pips, US$164.69.
8. On 24 Nov I had shorted 10,000 GBPUSD at 1.4899, stop level at 1.5000, target level at 1.4803.
Stop is triggered, loss is US$101.00.
All of my trades are executed based on BL TS (trading system). If you are interested in my system, send an email to me at [email protected].
To view my trades, go to my homepage.
Risk Disclosure:
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Verry nice trades!
I see you are happy with small profits each day, I strongly believe this is better then the high amounts for one week.
Annyway is it your system?
Or are you just selling it?
I created the system myself.
If you are interested to make money with me, send an email to me at [email protected].
To view more of my trades, go to my Homepage.
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458 Pips Profit For This Week (1 Dec - 4 Dec)
This week 6 trades were executed: 5 trades won, 1 trades lost (83.33% success rate)
1. USD/JPY – Long closed (-104 pips) on 4 Dec
Open Buy: USD/JPY @ 93.51
Stop level: 92.47
Target level: 94.66
Closed: 92.47 (Loss is 104 pips, US$224.94)
2. USD/CAD – Long closed (+40 pips) on 4 Dec
Open Long: USD/CAD @ 1.2547
Stop level: 1.2443
Target level: 1.2663
Closed: 1.2587 (Profit is 40 pips, US$63.56)
3. GBP/USD - Short closed (+63 pips) on 2 Dec
Open Short: GBP/USD @ 1.4868
Stop level: 1.4950
Target level: 1.4735
Closed: 1.4805 (Profit is 63 pips, US$126)
4. USD/JPY – Shorted closed (+56 pips) on 2 Dec
Open Short: USD/JPY @ 93.46
Stop level: 94.30
Target level: 92.51
Closed: 92.90 (Profit is 56 pips, US$120.55)
5. GBP/USD - Shorted closed (+190 pips) on 1 Dec
Open Short 20,000 GBP/USD at 1.5311
Stop level at 1.5510
Target level at 1.5121
Closed: 1.5121 (Profit is 190 pips, US$380.00)
6. EUR/JPY - Shorted closed (+213 pips) on 1 Dec
Open Short 20,000 EURJPY at 120.73
Stop level at 123.00
Target level at 118.60
Closed: 118.60 (Profit is 213 pips, US$454.16)
All of my trades are executed based on BL TS (trading system). If you are interested to generate alternative income by tapping on BL TS, send an email to me at [email protected].
If you are interested to open a forex trading platform, click here to open. Choose Pro-Account in account opening. Demo trading is available, give it a try, its free anyway.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
This week 6 trades were executed: 5 trades won, 1 trades lost (83.33% success rate)
1. USD/JPY – Long closed (-104 pips) on 4 Dec
Open Buy: USD/JPY @ 93.51
Stop level: 92.47
Target level: 94.66
Closed: 92.47 (Loss is 104 pips, US$224.94)
2. USD/CAD – Long closed (+40 pips) on 4 Dec
Open Long: USD/CAD @ 1.2547
Stop level: 1.2443
Target level: 1.2663
Closed: 1.2587 (Profit is 40 pips, US$63.56)
3. GBP/USD - Short closed (+63 pips) on 2 Dec
Open Short: GBP/USD @ 1.4868
Stop level: 1.4950
Target level: 1.4735
Closed: 1.4805 (Profit is 63 pips, US$126)
4. USD/JPY – Shorted closed (+56 pips) on 2 Dec
Open Short: USD/JPY @ 93.46
Stop level: 94.30
Target level: 92.51
Closed: 92.90 (Profit is 56 pips, US$120.55)
5. GBP/USD - Shorted closed (+190 pips) on 1 Dec
Open Short 20,000 GBP/USD at 1.5311
Stop level at 1.5510
Target level at 1.5121
Closed: 1.5121 (Profit is 190 pips, US$380.00)
6. EUR/JPY - Shorted closed (+213 pips) on 1 Dec
Open Short 20,000 EURJPY at 120.73
Stop level at 123.00
Target level at 118.60
Closed: 118.60 (Profit is 213 pips, US$454.16)
All of my trades are executed based on BL TS (trading system). If you are interested to generate alternative income by tapping on BL TS, send an email to me at [email protected].
If you are interested to open a forex trading platform, click here to open. Choose Pro-Account in account opening. Demo trading is available, give it a try, its free anyway.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
richemarks
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Best forex trading
In forex a small trading before thrusday will show all popular stockpickers answers.Ant this portfolio consists of NYSE stocks that are trading for less than $5 per share in the forex trading....
In forex a small trading before thrusday will show all popular stockpickers answers.Ant this portfolio consists of NYSE stocks that are trading for less than $5 per share in the forex trading....
US May pending home sales is negative 4.7%, worse than expectation of negative 3%. To me this is a lousy data for USD, so I decide to take profit on USDCHF, sold at 1.0286. Profit is US$223.60.
At the point of writing this, USDCHF is still going up. So traders may want to monitor the position yourself to get a better selling level.
At the point of writing this, USDCHF is still going up. So traders may want to monitor the position yourself to get a better selling level.
Market Bytes (Market Bytes - Trading Strategies for Forex, Learn to Trade Forex, Trading Television) had captured the huge move in Yen crosses today, benefiting their subscribers:
1. USD/JPY - Short trade closed (+151 pips)
Open Short: USD/JPY @ 90.87
Stop level: 91.92
Target level: 89.00
Closed: 89.36 (+151 pips)
The target was removed and the pair hit a low of 88.42. The position was closed on the strong pullback.
2. EUR/JPY - Short trade closed (+257 pips)
Open Short: EUR/JPY @ 121.44
Stop level: 122.90
Target level: 118.38
Closed: 118.87 (+257 pips)
The target of 118.38 was removed and the pair hit the 4th support level (117.81) of yesterday's Morning Call, and then had a strong retracement. The position was closed at market, 118.87.
1. USD/JPY - Short trade closed (+151 pips)
Open Short: USD/JPY @ 90.87
Stop level: 91.92
Target level: 89.00
Closed: 89.36 (+151 pips)
The target was removed and the pair hit a low of 88.42. The position was closed on the strong pullback.
2. EUR/JPY - Short trade closed (+257 pips)
Open Short: EUR/JPY @ 121.44
Stop level: 122.90
Target level: 118.38
Closed: 118.87 (+257 pips)
The target of 118.38 was removed and the pair hit the 4th support level (117.81) of yesterday's Morning Call, and then had a strong retracement. The position was closed at market, 118.87.
richemarks
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Best forex trading system
The ideas to trade in the forex is mentioned in this forum is very useful to all the new forex traders.And the information in the forum is more gainful to create profits in the best way...
The ideas to trade in the forex is mentioned in this forum is very useful to all the new forex traders.And the information in the forum is more gainful to create profits in the best way...
hey brend.
I checked out your blogs and read about your background. I want to get a job as a trader too or something related. my dream is to be macro hedge fund manager too. Care to share any information or job opportunities that can be of great use to me? I am waiting for my university to start next year (just orded 1 mth+ ago), and im damn bored at home, unable to find a decent job or finance related job.
I also have been trading forex for almost 1 mth already. up 3k from starting 5k capital. Good money but i need a job coz im so bored and i can gain extra cash/experience as well. So it would be really gd if you could help. thanks
in case you are wondering, im trading on the daily time frame, that's y i have lots of time to kill.
I checked out your blogs and read about your background. I want to get a job as a trader too or something related. my dream is to be macro hedge fund manager too. Care to share any information or job opportunities that can be of great use to me? I am waiting for my university to start next year (just orded 1 mth+ ago), and im damn bored at home, unable to find a decent job or finance related job.
I also have been trading forex for almost 1 mth already. up 3k from starting 5k capital. Good money but i need a job coz im so bored and i can gain extra cash/experience as well. So it would be really gd if you could help. thanks
in case you are wondering, im trading on the daily time frame, that's y i have lots of time to kill.
