DailyFX - Forex Market News

Monday, June 20, 2011

GBPUSD - Take the Easy one trade

Another trade that bagged some nice pips.


GBPUSD 1HR Charts

Some rough action coming up.

Thursday, June 16, 2011

Riding the wave

Some time it just works.

And there is a quote that kinda summaries how one should approach trading:

"Take the EASY ones, And dont't do anything STUPID in the meantime" ; How so true.



The chart (EURUSD 3Min) above shows the indicators I use, which baselines against Linear Regression on the base currency. Looks easy ones it has all happened right... HOW MUCH of it would you have got.

Tuesday, June 14, 2011

Back on track once again...

Forex Trading is indeed addictive.

Can't seem to get enough of it.

I've gone through several cycles now, losing some, making some, losing more, making more, losing even more, and making back some more....  (the account balance looks like some fancy roller coaster ride) ... hahahaha

Now the true revelation is finally hitting me, I just got to focus on the part of "losing more" and reduce that to "losing some", and I think I'm on track to a pretty good long term plan to financial "freedom".

This is hard, real hard. Well who ever said it was going to be easy