Unplanned Forex Setback

Well, things have gone poorly just lately. Not because of anything that I've been responsible for, but because I was the recipient of an "insufficient funds" check. As the money I was planning to use over the holiday period was rudely removed from my account I was forced to withdraw a large portion of my Forex account.I'm quite peeved!Especially since I had some good in-profit positions...

Result Signal #25

Buy Limit Eur/Usd @ 1.4565, SL @1.4525, TP @1.4630 = 0Buy Stop Eur/Usd @ 1.4645, SL @1.4605, TP @1.4685 = 40 pipsBuy Limit Gbp/Usd @1.9910, SL@1.9860,TP @1.9990 = 80 pips... (TP today was hit)Profit = +120 pipsDecember Total Profit = +80 pipsAccumulate Total Profit = +1096 p...

Are you a forex trader or a gambler?

Here's an article I found in my files. Given the approach of the New Year, now is an excellent time to re-enforce those good trading habits and thoughts ... enjoy!!How many pips do you need to be wealthy? The answer may surprise you. A very common thought and question among us forex traders. Of course this is variable in desires; however it is a good idea to put things into perspective. In...

Forward Test EA Goblin Bipolar

Start from today, I will report my forward test for EA Goblin Bipolar in Eur/Chf, Eur/Gbp, Aud/Usd pairs. This EA based on martingale system which some of trader dislike to use. But in my opinion, martingale is one of good and profitable system if we know how to limit our loss and stick at our money management. Thanks to Bluto, one of the greatest EA coder, for sharing this great EA.This test...

Clarity

Clarity. This is my word, my mission for 2008. I am going (notice I did not say “try to”), let me repeat, I am going to achieve clarity in all aspects of life including my trading. As many of my readers know I had a very eventful 2007. I became a dad for the first time. This has brought a new meaning to life. One that many of my friends have mentioned, but one I truly didn’t understand until...

US Durable Goods / Jobless Claims

The numbers came out weak this morning.While it appears to have caused some initial softness, I think we should keep in mind that a weak US economy gives the Fed additional room to lower interest rates without fears of inflation.So, personally, I might consider buying into weakness...

AUDJPY With Bollinger Bands

Lately I've been trading the AUDJPY using only an EMA (exponential moving average) and SMA (simple moving average). The theory is that when the price is below these averages it will at some point return above it. This is generally true, even during a downturn, but especially so during an upturn.I have been seeing some success with this, but it does have me hanging onto losers for some period...

Signal #26

Buy Limit Eur/Usd @ 1.4565, SL @1.4525, TP @1.4630Buy Stop Eur/Usd @ 1.4645, SL @1.4605, TP @1.4685Buy Limit Gbp/Usd @1.9910, SL@1.9860,TP @1.9990Use your Trailing Stop to keep your profit. I suggest to use TS = 35.Have a nice day! Don't forget this is Friday...

Result Signal #25

Result from signal #25 :Buy Limit Gbp/Usd at 2.0630, SL at 2.0590, TP at 2.0720 = -40 pipsBuy Stop Gbp/Usd at 2.0665, SL at 2.0625, TP at 2.0720 = 0Profit = -40 pipsDecember Total Profit = -40 pipsAccumulate Total Profit = +976 p...