I did not do any trading today. I got a total of 53.6 Pips for the week and no losses. Working on other stuff today and planning for my trading week next week.
Welcome to another great day of trading. This morning I was going for 40 pips, I set my order and it did activate. Price started going in the direction I figure it would go, but on a pull back I chickened out and close the order with a gain of 13.6 pips.. That makes my total pips for the week at 53.6 pips! Yea for me..
Here’s the before and after charts..
Just a quick update. Added another 10 pips to the pot.. in less than 3 mins.. Total for week – 40 pips
Was a little difficult to determine if the market was going to up or down on the 5 min chart this morning. It looks kind of sideways.. Anyways the EWO and Macd’s where pointing for a sell, so I went with it..
Here’s my chart… didn’t get a chance to get the before shoot..
Good Morning traders and non traders…
When I woke up this morning and looked at the EUR/JPY my phone, I was not to sure about any trades this morning.. Once I got ready for work and got on my computer. I still was not positive about any trades. The EWO and Macd indicators had already moved over the 0 line and was pulling back a little. So I look at the other time frames to see if the market was trending up or down. I decided it was moving up… So I am going with the trend. So at 4:45am I placed a buy trade at 128.253 just above the last high. I set the limit at 10 pips and the stop loss at 10 pips.
Well, At 5.39am price moved up to my target entry and in 2 mins had completed the trade for a total of 10 pips. Another Great Trading day! I have made a total of 30 pips so for this week!
Today is 4/15/13
Happy Trading morning!
Today I am beginning a series of blog post that show you that making 10 to 20 pips a day in currency trading (Forex) is possible. Each trading day I will discuss my trades, charts, and other stuff. I am trading with real money and not a demo account. I am only making 1 trade a day.
So this morning trade was on the EUR/JPY. It was a sell trade and I set it for 20 pips. I bought 3 microlots
At 4:45 in the morning (the times on the chart are EST). I set the sell order to activate at 127.896. There are several reason I decided to take a sell Trade. 1. The EWO indicator was below 0. The MACD 5,26,3 was below 0, and the MACD 12,26,9 was also below 0 I set the stop loss at -20 pip and the profit target at 20 pips.
So an hour and 35 min later at 6:20AM, the EUR/JPY moved 20 pips and closed out my trade. Gaining for today 20 pips. Goal reached.