I have already posted the status of my practise account earlier today (see my previous post).
The market was volatile today due to the Iran situation and oil fell approx $5 per barrel thereby leading to a stronger dollar. Our trades were mostly favorable and I closed the GBP/USD and the USD/JPY in the morning prematurely. I am up about 155 pips for month to date.
If any of your trades do not execute in the morning just cancel them.I would suggest you close out all your trades Friday evening before close of trading day or during the day.
From time to time I shall upload the status of my account balance. Unfortunately I am not able to upload pdf files on this blog else I could have posted the details of the transactions.
The new trades for tonight are :
EUR/USD:
Buy: 1.5760
Stop: 1.5610
Limit: 1.5910
USD/CHF:
Sell: 1.0220
Stop: 1.0340
Limit: 1.0100
USD/CAD:
Sell: 1.0145
Stop: 1.0235
Limit: 1.0055
I would highly recommend if your trades have not executed by morning please cancel them.If in the morning your trades are in the positive and you happen to be in front of your computer, please close your trades else around 11:30 am feel free to close them if you so choose. I trade 1 lot at a time for the moment, unless I specify otherwise. Please place the trades BEFORE MIDNIGHT EST but after 10:00 pm EST provided the prices have not been breached already.Should you have questions feel free to email me at myforexdna@yahoo.com Should you be interested in a particular topic and would like me to post my thoughts let me know. If I am not comfortable but know of other resources I will be happy to point you in that direction. God speed and good luck with your practise trades.I have also posted some free systems for you to use and test at http://www.myforexdna.collectivex.com/
Monday, July 7, 2008
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