A month ago on April 26th, I forecasted the following: “Over the next few weeks, we will most likely see the EUR/USD swinging between (1.5300-1.5500) to (1.5800-1.5900). ” As you can now see, the EUR/USD moved down to the 1.5300 level on May 8th and is now at the 1.5800 level as of May 23rd. … Continue reading
Monthly Archives: May 2008
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Planning, Execution, and Patience
Forex trading is not meant to be exciting, although it can be. Forex trading is not meant to be executed whether your trade is negative or extremely positive. Forex trading is planning, execution, and patience. Whatever your forex strategy is…stick with it. Don’t bend the rules. No matter what fundamental reports have come out, no … Continue reading
Entered long-term USD/JPY short @104.45
I’m going to have to get better at posting trades when I enter a trade. =D Anyway, on the same day (April 30th) I exited my long-term GBP/USD trade, I also entered a long-term short trade on the USD/JPY @104.45. As you’ll also read on my USD/JPY page, this is according to a signal I gave … Continue reading
Exited Long-Term GBP/USD Short Trade for 360 pips
Last week on April 30th, I exited my long-term GBP/USD @ 1.9772. I could have exited better, but oh well. During the latter half of April, the lack of movement short on the GBP/USD began making me a bit nervous. I actually exited on a short-term, not long-term exit signal. I wanted to exit and … Continue reading
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