Monthly Archives: September 2010

6 Reasons to Trade FOREX

Posted on September 29, 2010 by

There are many benefits and advantages to trading FOREX over other securities. Here are 6 reasons why so many people are choosing this market as their ptimary trading vehicle: 1. LEVERAGE: With FOREX trading, a small margin deposit can control … Continue reading →

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100924 – 0900 EST GBPUSD Long

Posted on September 25, 2010 by

There was a profitable opportunity for a long trade during the 0900 EST session. The only thing that would have kept me back from taking this trade would have been where to place an effective stop loss.

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100924 – 0506 EST GBPUSD Long

Posted on September 25, 2010 by

It took almost 4 hours for this trade to completely mature, but it did and all 3 profit targets were hit, the last target achieved right after the 0830 EST news event.

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100923 – 0900 EST Session GBPUSD Long

Posted on September 25, 2010 by

A few good opportunities to go long after the 0900 session began. Take your pick. 

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100923 – 0521 EST GBPUSD Long

Posted on September 25, 2010 by

Here was a nice steep move to the long side. Three profit targets hit within less than an hour.  

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100922 – 1121 EST GBPUSD Short

Posted on September 25, 2010 by

A final trade towards the very end of the days 0900 session. Although the price never hit the profit target set by the SM1 pivot line, the key numbers would have given up some profits.  

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100922 – 0915 EST GBPUSD Long

Posted on September 25, 2010 by

Another decent trade, this time to the long side.

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100922 – 0703 EST GBPUSD Short

Posted on September 25, 2010 by

Decent short. The pullback presented a nice opportunity to short more contracts at better prices. That would have worked out well because I always exit those extra contracts at my first profit target, and that’s all we achieved here.

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20 September 2010 – 0803 EST GBPUSD Short

Posted on September 20, 2010 by

This morning I had time to trade, so I took advantage of it. Since I have not been trading much in the past few weeks, I lightened the amount of contracts that I would have normally traded based on my money … Continue reading →

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17 September 2010 – 0518 EST GBPUSD Short

Posted on September 19, 2010 by

A perfect short trade, lower low, lower high formation during the 0500 session. A 48 PIP move in 3 hours.

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