I had bought 20,000 USDCHF at 1.1593, stop level at 1.1480, target level at 1.1740.
USDCHF went below 1.1480, so my position is stopped out.
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2008
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October
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- Took Profit on EURJPY (47 Pips Profit)
- Stop Triggered for AUDUSD and USDCAD
- Took Profit on USDCHF (133 Pips)
- Target level reached for USDCAD (246 pips profit)
- Stop Triggered for USDCHF
- 100% in the money for USDJPY Trades
- Shorted USDJPY
- Stop Triggered for NZDUSD
- 77% in the money for the month of October
- Close USDJPY trade (28 Pips Profit)
- Bought USDJPY Again
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Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the forex trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
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The purpose of this forex education website is for newbies or experienced traders to learn and build their confidence in Forex trading. We post our trades regularly as a prove of our forex trading strategies. Students can learn from our forex signals and have one on one coaching by subscribing to our forex education program. It is not the objective of this website to recommend buy or sell of any currency pairs discussed. Practical FX trading cannot accept liability for losses suffered by any party who chooses to rely on the website content carried on this website for making an investment or business management decision. We also cannot guarantee the accuracy of all information carried on the website. We are not registered as investment or financial advisors under the finance industry regulations in any country. We are happy to remain purely as facilitators of learning, discussion and further research by traders, investors, analysts, managers, and other users of our website
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