There was a beautiful trade I actually missed it on E/U to go short. I wish I took it.
There is a chance to go long, which might happen.
There is a chance to go long, which might happen.
Thursday, June 28, 2012
Wednesday, June 27, 2012
The 3SMA "Trend-Riding" System
No trades as on today for the week.
Please watch the videos for The 3SMA "Trend-Riding" System.
Right now I am trying to learn this system.
With this most probable I will have more trades.
Please watch the videos for The 3SMA "Trend-Riding" System.
Right now I am trying to learn this system.
With this most probable I will have more trades.
Monday, June 25, 2012
Forex
As I do a lot of reading these days (^_^) regarding forex trading, I found out one simple explanation about forex trading. I thought to share it here in my blog...
Lets start with 4 major currency pairs:
EUR/USD; GBP/USD; USD/JPY and USD/CHF
In both of the first two currency pairs (EUR/USD and GBP/USD), USD works as money.
The first two currency in the currency pairs is known as the COMMODITY and second one is the MONEY.
So when you buy EUR/USD, it means you pay USD to buy Euro.
On the other hand if you sell EUR/USD, it means you pay Euro to buy USD.
Saturday, June 23, 2012
Trades as on 21 & 22 June 2012
I did not take any trades.
Market was very volatile and thought not to risk.
I hope to do better next week.
Market was very volatile and thought not to risk.
I hope to do better next week.
Wednesday, June 20, 2012
Trades as on 20 June 2012
I took one buy position on EUR/USD at 1.2660 and bagged 10 pips only. Eventhough there was a chance to earn more I closed with 10 pips only because market was very volatile.
Update at 11:00 pm(GMT+3) (Second Picture):
I took another trade for 10 more pips again at 1.2660 on EUR/USD
Update at 11:00 pm(GMT+3) (Second Picture):
I took another trade for 10 more pips again at 1.2660 on EUR/USD
Tuesday, June 19, 2012
Trade as on 19 June 2012
I took a trade for small profit of 10 pips today.
It was a buy position on EUR/USD at 1.2600 and Take Profit at 1.2610.
I will look again for another opportunity to enter for 10 more pips.
Yesterday I did not take any trades.
It was a buy position on EUR/USD at 1.2600 and Take Profit at 1.2610.
I will look again for another opportunity to enter for 10 more pips.
Monday, June 18, 2012
Trade as on 18 June 2012
Even though there was a good sell opportunity, I did not take any trades today.
Because of yesterday's Greece Election, I was expecting EUR/USD to move up.
The trade I missed was, a short opportunity at around 1.2650 - I could have made 20 pips easily.
Because of yesterday's Greece Election, I was expecting EUR/USD to move up.
The trade I missed was, a short opportunity at around 1.2650 - I could have made 20 pips easily.
Saturday, June 16, 2012
20 Pips Per Trade
All I want is 20 pips per day strategy.
I am trying to find one that works for me.
I will trade on H1 chart
Indicators:
1. Parabolic SAR (default settings)
2. Exponential Moving Average (EMA 5 & EMA 12)
Long Entry Rules:
EMA 5 crosses above EMA 12
PARABOLIC SAR dot appears below the price candlestick.
Sell Entry Rules:
EMA 5 crosses below EMA 12
PARABOLIC SAR dot appears above the price candlestick.
I am trying to find one that works for me.
I will trade on H1 chart
Indicators:
1. Parabolic SAR (default settings)
2. Exponential Moving Average (EMA 5 & EMA 12)
Long Entry Rules:
EMA 5 crosses above EMA 12
PARABOLIC SAR dot appears below the price candlestick.
Sell Entry Rules:
EMA 5 crosses below EMA 12
PARABOLIC SAR dot appears above the price candlestick.
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