Recommended & Trusted Broker

Recommended & Trusted Broker
Trading account from as low as $100; Low spreads starting from 1.8 pips; 24 Hrs Multilingual Live Customer Support; Financial news from industry leaders; Flexible funding options; Plus more benefits

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".

Monday, September 22, 2008

A great start on Monday with 83 pips

The 4th week of the month start with a great trade. Today I manage to profit 83 pips on a long trade on the EURUSD. As usual with my practice, it start from a big time frame of the 30-minute chart when the price break my marked 1.4558 level. Once the price break this level, I immediately switch to my 5-minute chart and wait for an entry. It took me several hours to make an entry. I have to watch the market from 3:40 pm until I passed the Sungkai at 6:30 pm where I placed an auto execution mode (pending Buy Limit order). With this in place, my MT4 trading platform will automatically execute trade for me when the price hit my 38.2% retracement level.

The market finally hit my entry at 8:29 pm and finally hit my target and exit at 10:35 pm with 83 pips profit. All this is achieve with only minimal risk of less than 40 pips or less than 2% of my trading fund. Until tomorrow...happy trading guys ;)

1 comment:

Blogger said...

eToro is the #1 forex broker for novice and established traders.