Forex Trading - SlingShot 30M 100% Mechanical Scalping Forex System Part 1
Forex Trading - SlingShot 30M 100% Mechanical Scalping System Part 2
Forex Trading Strategies - Support and Resistance
GBP/USD Breakout…
Forex Day Trading Example - 01/05/09 GBP/USD
GBP/USD trading strategy (Georgian)
Inside Bar Trade…
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RESULT
GU#
SL=-30pips
Total Pips for today
GU#2 =+43
GU#3=+5
GU#4 =+20
GU#5 =+20
Total =+88pips
GU#6 = SL -55 ( My mistake, the EA closed the post..i should have moved the SL 20pips more..new hi + 20pips)
GU #7 = SL -3opips ( Counter trend )
GTotal = 3pips
Total post = 7
Total wins = 5
Floating = 0
Total Lost =2
———————————————————————————-
GU #7
Short at 14450 ( direct)
SL30
TP100
———————————————————————————–
Result
GU#6
SL = -55pips
———————————————————————————————-
Sorry..tak sempat nak call..
Chasing GU
New result..
GU #4(LONG)
Lot 1 = SL+20pips
Lot 2 = SL+20pips
Lot 3 = SL+20pips
lot 4 = SL+ 20pips
Lot 5 = SL + 20pips
GU#5 ( SHORT)
SL =BE+20pips
GU #6 (SHORT)
Still floating (currently at -20pips)
—————————————————————————————–
RESULT
GU#3 CLOSED
SL = BE+43
Total Pips for today
GU#2 =+43
GU#3=+5
Total =+48pips
Total post = 2
Total wins = 2
Total Lost = 0
———————————————————————————————–
GU#3 in action..currently +50pips (TP achieved)
But stillhold..with SL moved to BE+35
———————————————————————————————-
GU #3
New Entry at 14282 (direct entry)
Cancel PO #2
Reason, PO not hit at 1st retracement.
———————————————————————————–
RESULT
Only GU#1 Got Hit
SL = BE+5
——————————————————-
—————————-
My call:
Trend: 1M_UT/5M_UT/15M_UT/30M_UT
Current price: 14290
GU#1
PO : LONG at 14255
TP : 50
SL :50
GU#2
PO :LONG AT 14270
TP : 25
SL :5O
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more info >> here
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What is a FX market
The foreign exchange (currency or FX) market is where currency trading takes place. FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.
Today, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[1] Since then, the market has continued to grow. According to Euromoney’s annual FX Poll, volumes grew a further 41% between 2007 and 2008.[2]
The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies.
learn more>>here
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admin | 
01 31st, 2009| 
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