Both Bollingerband and Stochastic have started to signal sell on the 1 hourly chart. I closed my position at 1.1451, 30 pips profit.
Original trade:
Bought USDCHF at 1.1421
Stop level at 1.1340
Target level at 1.1518
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- Lost US$600 for the month of September 2010
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- 100% successful trades with US$2080 pocketed in first week of Feb 2010
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2009
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April
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- EURJPY: 133 Pips Profit
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- Forex career a safe haven during recession
- USDCHF: 117 Pips Loss
- EURUSD: 108 Pips Loss
- EURJPY: 60 Pips Profit
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- EURJPY: 69 Pips Loss
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- Zimbabwe introduces $100 trillion banknote
- AUDUSD: 83 Pips Profit
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- EURGBP: Open Short Trade
- EURGBP: 32 Pips Loss
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- EURUSD: Open Buy Trade
- AUDUSD: 55 Pips Loss
- USDCHF: 30 Pips Profit
- EURJPY: 81 Pips Loss
- USDCHF: 30 Pips Profit
- USDCHF: Open Buy Trade
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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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