Up 201+ pips so far for the month of July 2008

Folks, unfortunately my practise account expired and hence do not have a report from the brokerage account itself.
However what a great day for profits.
I lost 120 pips on the USD/JPY trade as the dollar weakened due to Oil prices, but gained on both USD/CHF and the EUR/USD trades.
Made 120 pips on the EUR/USD trade and
made 100 pips on the USD/CHF trade

Hence the net result was

USD / JPY = -120
USD / CHF = +100
EUR / USD = +120
GBP / USD = -54

Net profit = +46

Add that to the earlier profit of 155 pips during July gives us a total approx 155 + 46 = 201 pips.

Add that to the June profits of 324 pips = 324 + 201 = 525 pips for the months of June and July to date.

I will have to open a new practise account later tonight and will post my trades and analysis later during the day.

Feel free to email me or visit http://www.myforexdna.collectivex.com/ for a discussion.

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/

Trades for tonight - July 8, 2008 6:55 PM EST

I am in the negative today by about 75 pips. The Iran missile firing is primarily attributed to the market reversals and the weaking of the dollar due to the effect on price of oil.



The GBP /USD trade did not execute and hence I cancelled the order in the morning. I let the USD/JPY run and will let it run for the night.

I do not have signals tonight as I have not had the time to finish my analysis and I am spending the night with family.

Will be back late night and might post additional trades else tomorrow I will post more.

TRADES FOR TONIGHT - JULY 8, 2008 - 9:25 PM EST

The above is a snapshot of my account balance as of tonight after today's loss.

Lost approx 52 pips today on the USD/CHF trade. Closed the trade in the morning for a loss at approx 8:30 am. The weaking of the Oil continued to make the dollar stronger today. Of course as mentioned I cancelled the remaining trades as they had not executed by morning.

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 :

USD/JPY:

Buy: 107.60

Stop: 106.55

Limit: 108.80

GBP/USD:

Sell: 1.9660

Stop: 1.9740

Limit: 1.9530

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 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/

TRADES FOR TONIGHT - JULY 7, 2008 AT 9:40 PM EST

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/

Up 155+ pips for the day - July 6, 2008 - 7:20 AM EST

I closed my trades today morning around 7:15 am since I will not be able to access my computer and since I am happy with the amount of profits for the day. I placed my trades last night and they executed a bit earlier than expected but the results have been very satisifactory. Further I am not sure if my current practise account will be deactivated tonight or not and I will have to open another account in which case I would have lost trail of my trades as I did not get a chance to place my trades thru another broker last night.

I will post new signals tonight again.

Feel free to post questions or email me at myforexdna@yahoo.com

Trades Signals for Tonight - July 6, 2008 at 9:45 PM EST

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/