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Just A Reminder...

Dear All,

I personally urges you to scrutinize any "super "trading system by providing fast rich method or all-in-one signal to realize your dream, before paying fee to them. As we all undertand, the way to fortune is a painstaking process, much due to your hard efforts and practice, do you think people now can produce any super machine better than human brain? Please do not fall victime of "impulsive buying", cool down yourself for some days first before giving your most precious asset: "Money".

Thursday, August 28, 2008

Today's Price Action Reserved for Adult only!

It's not just today...but I think for this week the price action is somewhat very choppy due to the developing hurricane in the Carribean. I loss twice for this week trading to date with the biggest loss of 55 pips yesterday (Wednesday). However, if I have the luxury of time to monitor the market all day since morning of today, I would be able to profit at least 40 pips or so trading the range bound method using 3 mini lots. The bouncing price movements in the last couple of days ranged between 10 to 30 pips, and using multiple mini lots can effectively harvest a good pips to recover some losses. BUT I will only do it if I am sure (based on calculated risk and risking not more than 3% of my trading fund) the market will go my way based on the chart pattern and fundamental landscape that may influence the price movements.

Looking forward for trading opportunities for Thursday and Friday. I expect next week on Monday will be quiet as the US will be on Labor Holiday.

Happy trading guys ;)

1 comment:

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