The market has been slow and consolidating given the US holidays. Not much action but I think the following trades will be good. Further my demo account may get deactivated tomorrow and I may have to open a new one since 30 days will be up tomorrow. If that happens I will still try to let you know how the trades went based on price movements. I will also try to place the same trades thru a different broker.
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.The above is a snapshot of my practise account as of tonight. 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 :
GBP/USD:
Sell: 1.9790
Stop: 1.9860
Limit: 1.9660
USD/JPY:
Buy: 107.05
Stop: 106.50
Limit: 108.15
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 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 11:00 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/
Sunday, July 6, 2008
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