Folks I am currently working on a project outside of the Forex world which will take up most of my time. I plan on completing this by end of December. So while it pains me to postpone my gains on Forex, I do want to get this other project under my belt.
I will therefore not be trading during the month of December 2008 but will be back Jan 2009.
Good Luck trading, feel free to drop questions or emails as I will be checking them.
We'll get back to trading in January.....Have a safe holiday season and wish you a Merry Christmas and a Happy New Year in advance
Sunday, November 30, 2008
Tuesday, November 4, 2008
Forex Trades for Tues Nov 4, 2008 - 9:25 pm EST
As at the time of this writing I still have my AUD/USD buy trade open from last week. While at the end of Friday it was approx 180 pips in the plus today it was over 550 pips in the positive. At the moment it is still about 450+ pips in the positive and I am going to let it ride for some more time.
My trailing stop placed at 100 pips is now at 0.6600 while I purchased the pair at 0.6450 so I am guaranteed a profit of 150 pips even if the market reverses at the moment.
Currently on the hourly charts the pair is retracing a bit but a new low has not been created and neither has it breached the 50 SMA nor the long term support line. I am anticipating it to continue to rise further till about 100% of the earlier Fibonacci. The price did touch the 0.7000 mark and has retraced from there.
For tonight I am not placing any additional trades but will wait for the right opportunity. I am already up more than 200+ pips for the month and it is still the first week of November.
Please do visit my website www.myforexdna.com should you be interested in forex education and putting a game plan for your own trading pursuits.
My trailing stop placed at 100 pips is now at 0.6600 while I purchased the pair at 0.6450 so I am guaranteed a profit of 150 pips even if the market reverses at the moment.
Currently on the hourly charts the pair is retracing a bit but a new low has not been created and neither has it breached the 50 SMA nor the long term support line. I am anticipating it to continue to rise further till about 100% of the earlier Fibonacci. The price did touch the 0.7000 mark and has retraced from there.
For tonight I am not placing any additional trades but will wait for the right opportunity. I am already up more than 200+ pips for the month and it is still the first week of November.
Please do visit my website www.myforexdna.com should you be interested in forex education and putting a game plan for your own trading pursuits.
Monday, November 3, 2008
1177 pips for October 2008
My trades netted approx 1177 pips in profits for the month of Oct 2008 .... not bad, beat my target of 500 pips a month.
I did not close the AUD/USD trade Friday but let it remain open. I have moved the stop to capture a 50 pip profit.
It was open for a 180 pip profit as there was considerable retracement on the currency pair.
However today morning it is back up at approx 315 pips in profits and I am going to let it run for a while to check where it ends up. I may close it later depending upon market conditions.
No trades for last night or today morning, but will probably have some trades or analysis for you tonight.
Please do visit www.myforexdna.com to put a game plan around your trading and get some education.
I did not close the AUD/USD trade Friday but let it remain open. I have moved the stop to capture a 50 pip profit.
It was open for a 180 pip profit as there was considerable retracement on the currency pair.
However today morning it is back up at approx 315 pips in profits and I am going to let it run for a while to check where it ends up. I may close it later depending upon market conditions.
No trades for last night or today morning, but will probably have some trades or analysis for you tonight.
Please do visit www.myforexdna.com to put a game plan around your trading and get some education.
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