Thursday, July 10, 2008




The USD/JPY trade is still open for the last two days. I am totally about 60 pips in the negative. I am going to let the trade run.

The fluid situation with Iran firing the missles for the 2nd straight day is causing the market to be ranging with uncertainty hanging inspite of better than expected unemployment data.


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 :


Please note tonight I have a buy and a sell signal for the EUR/USD.


EUR/USD:
Buy: 1.5810
Stop: 1.5740
Limit: 1/5920


EUR/USD:
Sell: 1.5740
Stop: 1.5820
Limit: 1.5620

USD/CHF:

Sell: 1.0250

Stop: 1.0325

Limit: 1.0150


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 8:00 am or 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 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/

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