Learn Forex: 540 Pips Profit In Forex Trading In Two Weeks’ Time

The followings are trades executed for that time period of 1st June to 12th June 2009.

18 trades had been executed: 13 trades won and five trades dropped. This outcomes inside a Achievement rate of 72%!

Right here would be the particulars of my trades:

one. AUDSD: 52 Pips Income

Weekend is approaching. I had closed this business at 0.8097, 52 pips income.

Unique business:
Market AUDUSD at 0.8149
Cease degree at 0.8140
Aim for degree at 0.8031

two. AUDUSD: 28 Pips Income

AUDUSD is obtaining weak. I closed my placement at 0.8125, 28 pips income.

Unique business:
Purchase AUDUSD at 0.8097
Cease degree at 0.7946
Aim for degree at 0.8254

three. EURUSD: 150 Pips Income

Aim for degree reached at one.4096, income is 150 pips.

Unique business:
Purchased EURUSD at one.3946
Cease degree at one.3790
Aim for degree at one.4096

four. USDJPY: 96 Pips Income

Aim for degree reached at 97.35, 96 pips income.

Unique business:
Market USDJPY at 98.31
Cease degree at 99.00
Aim for degree at 97.35

five. AUDUSD: 115 Pips Income

Aim for degree reached at 0.8036, income is 115 pips.

Unique business:
Purchased AUDUSD at 0.7921
Cease degree at 0.7800
Aim for degree at 0.8036

6. GBPUSD: 97 Pips Income

I near my GBPUSD placement at one.6238, 97 pips income.

Unique business:
Purchased GBPUSD at one.6141
Cease degree at one.6047
Aim for degree at one.6268

7. USDCAD: 51 Pips Income

I closed my placement at one.1102, 51 pips income.

Unique business:
Market USDCAD at one.1153
Cease at one.1300
Aim for degree at one.1010

8. AUDUSD: 40 Pips Reduction

Cease triggered.

Unique business:
Purchased AUDUSD at 0.8060
Cease degree at 0.8020
Aim for degree at 0.8140

9. USDCAD: ten Pips Income

I closed my placement at one.1092, ten pips income.

Unique business:
Purchased USDCAD at one.1082
Cease degree at one.1026
Aim for degree at one.1178

ten. EURUSD: 45 Pips Reduction

Placement is stopped out. Reduction is 45 pips.

Unique business:
Shorted EURUSD at one.4090
Cease degree at one.4135
Aim for degree at one.4010

11. EURUSD: 33 Pips Income

I closed my placement at one.4177, 33 pips income.

Unique business:
Shorted EURUSD at one.4210
Cease degree at one.4259
Aim for degree at one.4134

12. EURUSD: 20 Pips Reduction

I closed my placement at one.4160, 20 pips reduction.

Unique business:
Market EURUSD purchase at one.4140
Cease degree at one.4095
Aim for degree at one.4060

13. EURUSD: 41 Pips Income

I closed my placement at one.4184, 41 pips income.

Unique business:
Market EURUSD at one.4225
Cease degree at one.4272
Aim for degree at one.4138

14. AUDUSD: 48 Pips Income

I closed my business at 0.8122, 48 pips income.

Unique business:
Shorted AUDUSD at 0.8170
Cease degree at 0.8216
Aim for degree at 0.8116

15. EURUSD: 23 Pips Income

I closed my placement at one.4273, 23 pips income.

Unique business:
Purchased EURSD at one.4250
Cease degree at one.4200
Aim for degree at one.4330

16. AUDUSD: 70 Pips Reduction

Cease triggered, reduction is 70 pips.

Unique business:
Shorted AUDUSD at 0.8050
Cease degree at 0.8120
Aim for degree at 0.7950

17. AUDUSD: 42 Pips Income

I closed my placement at 0.8118, 42 pips income.

Unique business:
Purchased AUDUSD at 0.8076
Cease degree at 0.8013
Aim for degree at 0.8183

18. EURGBP: 71 Pips Reduction

Assistance at 0.8700 breaks, I cut reduction on this placement at 0.8687.

Unique business:
Purchased EURGBP at 0.8758
Cease degree at 0.8640
Aim for degree at 0.8900

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525 Pips Profit In The Month Of February

Performance in February 2009:

25 trades were executed: 18 winning trades, 7 losing trades (72% success rate).Total Profit is 525 pips.

1 pip is equivalent to U$10 if you are trading the full contract size of 100,000. So 525 pips would mean a profit of US$5250.

Here are the trade details:

1. EURUSD: 65 Pips Profit

I closed my position at 1.2636, 65 pips profit.

Original trade:
Shorted EURUSD at 1.2701
Stop level at 1.2830
Target level at 1.2574

2. AUDUSD: 27 Pips Profit

I had closed my position at 0.6456, profit is 27 pips.

Original trade:
Shorted AUDUSD at 0.6483
Stop level at 0.6550
Target level at 0.6407

3. EURUSD: 64 Pips Profit

I closed my position at 1.2664, 64 pips profit.

Original trade:
Bought EURUSD at 1.2600
Stop level at 1.2500
Target level at 1.2700

4. USDCAD: 43 Pips Profit

I closed my position at 1.2551, 43 pips profit.

Original trade:
Shorted USDCAD at 1.2594
Stop level at 1.679
Target level at 1.2509

5. AUDUSD: 26 Pips Profit

I had closed my position at 0.6404, 26 pips profit.

Original trade:
Bought AUDUSD at 0.6378
Stop level at 0.6330
Target level at 0.6473

6. USDCAD: 54 Pips Loss

Stop triggered, 54 pips loss.

Original trade:
Shorted USDCAD at 1.2566
Stop level at 1.2620
Target level at 1.2469

7. USDCAD: 57 Pips Loss

I cut loss my position at 1.2603, 57 pips loss.

Original trade:
Shorted USDCAD at 1.2546
Stop level at 1.2608
Target level at 1.2468

8. AUDUSD: 68 Pips Loss

I had cut loss my position at 0.6383, 68 pips loss.

Original trade:
Bought AUDUSD at 0.6451
Stop level at 0.6380
Target level at 0.6544

9. EURUSD: 33 Pips Profit

I closed my position at 1.2793, 33 pips profit.

Original trade:
Bought EURUSD at 1.2760
Stop level at 1.2670
Target level at 1.2856

10. AUDUSD: 33 Pips Profit

I closed my position at 0.6538, 33 pips profit.

Original trade:

Shorted AUDUSD at 0.6571

Stop level at 0.6665
Target level at 0.6500

11. AUDUSD: 52 Pips Profit

I took profit at 0.6515, 52 pips profit.

Original trade:
Bought AUDUSD at 0.6463
Stop level at 0.6370
Target level at 0.6558

12. USDCAD: 70 Pips Profit

I closed my position at 1.2429, profit is 70 pips.

Original trade:
Shorted USDCAD at 1.2499
Stop level at 1.2584
Target level at 1.2404

13. USDCHF: 43 Pips Profit

I closed my position at 1.1573, 43 pips profit.

Original trade:
Bought USDCHF at 1.1530
Stop level at 1.1450
Target level at 1.1618

14. AUDUSD: 44 Pips Loss

I had cut loss my position at 0.6836, 44 pips loss.

Original trade:
Shorted AUDUSD at 0.6792
Stop level at 0.6860
Target level at 0.6712

15. USDCHF: 42 Pips Profit

I closed my position at 1.1659, 42 pips profit.

Original trade:
Bought USDCHF at 1.1617
Stop level at 1.1560
Target level at 1.1683

16. USDCHF: 7 Pips Profit

I closed off my position at 1.1677, 7 pips profit. I do not want to hold any open position across the weekend.

Original trade:
Shorted USDCHF at 1.1684
Stop level at 1.1770
Target level at 1.1592

17. USDCAD: 97 Pips Profit

I closed my position at 1.2381, 97 pips profit.

Original trade:
Shorted USDCAD at 1.2478
Stop level at 1.2580
Target level at 1.2372

18. AUDUSD: 8 Pips Loss

I cut loss on my position at 0.6508.

Original trade:
Shorted AUDUSD at 0.6500
Stop level at 0.6600
Target level at 0.6400

19. USDCAD: 70 Pips Profit

I close my position at 1.2330, 70 pips profit.

Original trade:
Bought USDCAD at 1.2260
Stop level at 1.2180
Target level at 1.2354

20. EURUSD: 32 Pips Profit

I had closed my position at 1.2867, 32 pips profit.

Today ECB is going to announce interest rate decision so I do not want to hold my position till then.

Original trade:
Bought EURUSD at 1.2835
Stop level at 1.2680
Target level at 1.3000

21. USDCAD: 97 Pips Profit

Target level reached, 97 pips profit.

Original trade:

Bought USDCAD at 1.2258

Stop level at 1.2180

Target level at 1.2355

22. EURUSD: 43 Pips Profit

I closed my position at 1.2875, 53 pips profit.

Original trade:
Shorted EURUSD at 1.2928
Stop level at 1.3011
Target level at 1.2850

23. EURUSD: 66 Pips Profit

I closed my position at 1.3027, 66 pips profit.

Original trade:
Shorted EURUSD at 1.3030
Stop level at 1.3150
Target level at 1.2909

24. EURUSD: 87 Pips Loss

I cut loss on my position at 1.2713, 87 pips loss.
US Dollar strength persists.

Original trade:
Bought EURUSD at 1.2800
Stop level at 1.2700
Target level at 1.2900

25. AUDUSD: 67 Pips Loss

I cut loss on my position at 0.6306.
US dollar strength persists.

Original trade:
Bought AUDUSD at 0.6373
Stop level at 0.6300
Target level at 0.6470

To read more about my trades, testimonials, and past performance, go to: TradingEducationProgram.org

Trade signals are generated from BL TS system. If you would like to know more about my system, send an email to me at [email protected]

Jobs are unsecured and lost in current economic environment, we need to equip ourselves with a skill such as forex trading that can help us earn secondary incomes. Employers can take away our jobs but they cannot take away the forex trading skill which will belong to you once you have master it.

“A quitter never wins and a winner never quits.” – Napoleon Hill

I had worked in various sectors in the banking industry: asset management, bank treasury, hedge fund and financial news provider. My experience and knowledge had exposed me to equities, commodities and forex. In 2007, I had participated in a 1 year stock-pick competition organized by Zacks.com in America. At the end of the competition, I was ranked 407th out of 27,700 participants, hence this makes me top 1.47% of the competition. I had achieved 32.67% return on the competition portfolio, for the same period S&P was only up 6.99%, and Dow Jones was only up 4.16%, hence I had outperformed the broad market by a wide margin. I had completed Level 1 qualification in Chartered Alternative Investment Analyst.

Forex Trend Analysis/Technical Levels 27th Sep 10

FOREX Trend Analysis

EURUSD current bull move shows good strength from the lows and has broken out to the levels not seen since April. It is probably heading towards much higher levels in the coming months time. The immediate resistance is seen near 1.3510 which is the 50 day SMA on the weekly charts and is also the 50% Fibonacci levels of 1.5140-1.1878 fall. A break above this will confirm another rise until 1.3900 and 1.40 the physiological resistance level. At the current scenario if any fall occurs should stop near the strong support zones of 1.3280 levels.

GBPUSD rally extends the gains to the highs of 1.5840 so far and the current rally is expected to test the previous highs of 1.5997. On the lower side, below 1.5650 the trend may turn neutral again and a break below 1.5500 areas if happens then it can be said as the top is formed and the rally which started from the lows of 1.5296 is finished.

USDJPY after the sharp rise meets resistance near 85.90 and remains below it. The trend still remains bearish and can continue further lower until 82.90 areas. For bullishness to continue we must see a close above the resistance levels of 86.

AUDUSD breaks the previous highs of 0.9405 and is heading to test the next higher resistance of 0.9849 in the coming weeks. The strong support zone is now seen at 0.9410-0.9460 areas. It is trading well above the 200 and100 day moving averages indicating further bullishness.

Crude Oil took good supports near the tentative trend line supports of $73.50 and resumed the uptrend which now nears the resistance of 200 day SMA at $77 and a break above this can ignite another up-move towards the higher resistance of $78/82 in the coming weeks. Only a close below the supports of $72.60 may bring bearishness until $70.60 levels.

Gold as anticipated continues higher and almost test1300 levels. Still there are no signals of profit taking and until it remains above the supports of 1265 the trend may continue higher until 1355/1400 in the medium term. Only a close below the 14 day SMA and the support of 1260 may form a top on the ongoing upward trend. Most of the indicators are running in the over bought areas but the price has still not given any topping or a reversal pattern.

 

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Capital Market Trend Analysis

CapitalTA is the advisory unit provides trading strategies based on Technical Trends to the subscribers on a daily basis with success rate of more than 80 per cent.

FOREX weekly Trend Analysis 4th Oct 10

FOREX WEEKLY Trend Analysis

EURUSD current bull move shows good strength from the lows and looks to continue higher until the target levels of 1.3900 which is the 50 day SMA on the weekly charts and is also the 50% Fibonacci retracement levels of the previous fall from 1.5140 to the lows of 1.1878.  EURO trades in the overbought zone and USD in oversold areas, any euro-negative news may trigger a selling but as of now we do not see any bearish or topping formation. The market is in a clear up trend and has to reach the pivotal areas such as 1.39 to complete the rally. This is only the immediate target we can guess but the strength shows us that we can even see a break on this resistance and can touch 1.4050 to complete this current swing. Those who have long positions must trail the stops higher to lock their gains. Look to buy on dips instead going short in such bullish trends.

GBPUSD rally extends the gain to the highs of 1.5925 so far and  is almost near our projected levels of 1.5997. On the lower side the supports of 1.5650 really worked well attracting good buyers. We are seeing an ascending channel formation on the day chart and looks that the pair is heading to test 1.60/1.6050 in the coming week.  The trend may turn neutral if breaks the lower supports of 1.5650. Sideways behavior in previous week shows that pound is also the weak currency but still maintains on higher grounds on continuous dollar weakness.

USDJPY after the sharp rise on Government interventions meets resistance near 85.90 and remains below it. The trend is still seen bearish and can continue further lower to retest the previous low. I do not see any upside above 84.20 areas as dollar is continuously weakening but in the scenario when yen gains on other pairs we can expect another government intervention. Higher resistance comes at 86 with lower supports seen near 82.90.

USDCAD is trading in the sideways direction from last few weeks with lower supports at 1.0200 and resistance seen at 1.0350. RSI indicator has given a break on the trend line supports in the daily chart alerts a further bearish move until the lower supports of 1.0100/0.99  in the coming weeks. The range which was seen from last few weeks might see a breakout on the lower side.

 

AUDUSD after a break above 0.9405 brought a good bullish rally as anticipated and is nearing the next higher resistance of 0.9849 in the coming weeks. The strong support zone is now seen at 0.9530-0.96 areas. It is trading well above the 200 and 100 day moving averages indicating further bullishness.

Crude Oil as anticipated gave a good bounce from the supports of $73.50 and forms a high of $81.68 which is almost near the projected levels of $82. The rally is expected to continue further higher until the previous highs of $83. Only a close below the supports of $80.20 may bring bearishness. 

Gold as anticipated continues higher and is almost near our first target of $1355 and may continue higher until $1400 in the medium term. Only a close below the 14 day SMA and the support of 1290 may form a top on the ongoing upward trend. Most of the indicators are running in the over bought areas but the price has still not given any topping or a reversal pattern.

Capital market advisory unit giving accurate news on live markets which helps an investor to trade logically and benefit from it. After analysing technical charts they update the live trading calls and breakout opportunities in www.CapitalTA.com covering UAE, FOREX, US and Commodity markets according to the needs of an individual.  

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Forex Market

Copyright (c) 2009 Jay Meisler

Have you ever had one of those trading days? Have you ever lost money trading and gotten mad at the market? Have you ever taken it personally, lost discipline and tried to convince yourself the market is wrong? Did this make you feel like the market was your enemy? Did this have you fight the trend in order to beat the market only to see your efforts repeatedly stopped out? This has probably happened to most traders at one time or another but it is not something you want to repeat. This article uses an example from currency trading to illustrate its point but it could have been about any other market

The market is not your enemy. It is not a living organism although sometimes it might feel that way. The market is just a place where trades are transacted. There are times when the price action may seem illogical, even irrational but the market is never wrong as it does not have a trading opinion. It is only a place where forex rates are set. It is the collective will of those trading the market.

There is a term used in forex trading, the trend is your friend. When you catch a trend right, there is little stress, especially if you manage stops so that there is no risk of a loss. This can be illustrated by using the price action in the forex market on October 21, 2009 as en example.

A good way to illustrate this is by using the price action in the forex market on October 21, 2009 as en example. The focus of the example will be on the EURUSD, which started the day by trying to correct and ended it by surging higher to trade above the pivotal 1.50 level. Keep in mind that the forex market is not your enemy.4889-1.5046. There was no apparent catalyst for the move up except for sharp moves up in commodities that seemed to feed off one another. This saw traders try to sell the initial spike up and then repeat trying to catch the top by selling at each pause. This was not the day to repeat this strategy as the EUR/USD continued to march higher.

Now, this is where the ?market is my enemy? can take over. You can?t believe the market is acting irrationally and keep selling at every pause. A market is a place where trades are transacted and prices set. You can?t believe the market is doing this to you and stiffen your back. You forget about what charts are saying, throw discipline out the window and become determined to catch the top by selling when charts are telling you to buy. A market is not a living organism although at times it may feel that way. The EURUSD corrects lower without you on board.

Does this sound familiar? If so, then don?t repeat it. Step back when that feeling comes and take a deep breath. Walk away and come back with a clear head. Remember, the forex market is not your enemy. It is not a living organism. It is only a place where trades are transacted and prices set. When that feeling comes, remember the adage, ?the market can remain irrational longer than you can remain solvent.?

Jay Meisler is a co-founder of Global-View.com, the leading forex discussion site for more than a decade and where traders from around the globe come for the latest breaking news, flows, rumors and trading ideas =>http://www.global-view.com

FXStreet EURUSD holds in for the week.flv

The EURUSD looks like it is closing the European week up on the trading week and back above channel trendline support on the daily chart and 200 hour MA support on the hourly chart. The shorter term 5 minute chart is more neutral today, but the possibility of continued short covering exists for the pair. The 1500+ pip move down since April is a pretty impressive run and although fundamentals may suggest sell, sell, sell, this is the currency markets and the market will take it’s ounce of flesh here and there. A further corrective move can not be ruled out…..

Trading Euro US Dollar Currency Pair Secrets

Currency trading is the name of the game right now. Many people have made millions trading currencies. Bruce Kovner started with only $3,000 and ended up making $11 Billion trading currencies, you were talking of millions. Currency markets are seeing volatility not seen since early 1980s. The more volatility in the market, the more profit, you can make. Breaking news, election news, presidential elections, natural disasters, strikes, any news good or bad can create volatility in the market. This is the best time to trade currencies.

Europe is a predictable part of the world. France, Germany and Italy the largest members of the European Union (EU) usually have high budget deficit and tend to keep the interest rates more stable as compared to United States. One of the most heavily traded currency pair is the EURUSD. Now when trading EURUSD, you need to keep an eye on what is happening in both US and Europe.

FED tends to follow a more free market approach with frequent adjustment to the interest rates. The general policy of the FED is to make USD trend in one direction for a long period of time. Now, technical analysis when combined with fundamental analysis can be a great tool in the arsenal of a currency trader. Fundamentals can tell you the long term general direction of a particular currency.

Now, the most important thing that you need to keep in mind while trading Euro is that the European Central Bank (ECB) tends to take a strict policy against inflation. This has something to do with the period of hyperinflation experienced by Germany after the First World War that had devastated the German economy and the German working class. With history at the back of their minds, ECB raised interest rates more than it lowers it.

Now, another thing that you need to keep in mind is the politics and economic growth is interlinked. When US economy slows down and interest rates are lowered by the FED just like the present, money starts to flow abroad. In the past, it used to be Japan. But the market knows that the Japanese Central Bank (JCB) does not like a strong Yen (JPY). So it starts selling JPY to stabilize it. This means that the default currency when USD weakens is the Euro now.

On the flip side, when there are economic and political problems in Europe especially when the European economy is slowing down and the British economy is showing signs of strength, market often sells the Euro. Now fundamental analysis is going to tell you the long term behavior of a currency pair. When you trade daily, you only look at the charts. This is the one and only truth that matters for a currency trader, you only trade what the charts show you.

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Recent FAP Turbo Long Term Settings for EURUSD – Get Them in the Fapturbo Exert Guide

The Fap turbo EURUSD pair is obviously one of the most profitable but tricky pair to trade. If you are using the Fap turbo robot to trade Forex, you need to master some few settings on it so as to minimize your risk, while maintaining your chances of making money from this very profitable currency pair. The guys at Fap turbo expert guide have been testing these new settings for the EURUSD pair and recently came out with the winner settings you can have on your robot that clearly beats the default settings by a 250% margin! You can check out the proof by following the link here: New FAP Turbo Long Term Settings for EURUSD.

From there, you can See how the Fap turbo exert guide settings out rightly beats the default Fap turbo settings by a huge margin! 250%. This goes without say that if you want to really optimize the performance of your robot and squeeze more money from it, you have to change the settings around, tweak them and make the robot more profitable. A few changes can always do the trick, even though a lot of testing is needed from your part. If you can personally do the testing, then good and fine, else you can join the Fap turbo expert guide course and make use of the continues testing and optimizing that is done by Rob Casey and his experience team of Fap turbo experts.

FAP Turbo 50 Expert Guide Settings
The new FAP Turbo long term settings for EURUSD from the “Fap Turbo Expert Guide” team were achieved through exhaustive back testing, with all optimization done with out-of-sample data, and then further forward tested with additional out-of-sample data to ensure robustness. The following were the results of the custom settings: New FAP Turbo Long Term Settings for EURUSD.

Do you want to start making more money from trading your favorite Fapturbo robot? If yes then you have to tweak your settings and greatly optimize the performance of the robot. Rob Casey’s Fap Turbo expert Guide can help you do just that.

Click here: The fapturbo Expert Guide Review, to read what other people have to say about this guide.