Learn Forex For The Absolute Beginner

[zodiac22]

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[finvik]

If you are a beginner then visit my signature.

[trader123]

299 pips profit generated this week (20 Apr 09 to 23 Apr 09)
8 trades were executed: 7 won and only 1 loss

1. EURJPY: 55 Pips Profit (23 Apr 09)
I closed my position at 128.24, 55 pips profit.

Original trade:
Bought EURJPY at 127.69
Stop level at 125.90
Target level at 129.61

2. EURUSD: 82 Pips Profit (22 Apr 09)
Stochastic has become overbought. I closed my position at 1.3025, profit is 82 pips.

Original trade:
Bought EURUSD at 1.2943
Stop level at 1.2880
Target level at 1.3043

3. AUDUSD: 5 Pips Profit (22 Apr 09)

Seeing that US dollar is in strengthening mode again, I closed my position at 0.7006, 5 pips profit.

Original trade:
Bought AUDUSD at 0.7001
Stop level at 0.6940
Target level at 0.7097

4. EURJPY: 72 Pips Profit (22 Apr 09)
EURJPY is very near to a strong support at 126.30, a rebound is possible. I closed my position at 126.65, profit is 72 pips profit.
Original trade:
Shorted EURJPY at 127.37
Stop level at 128.13
Target level at 126.43
5. AUDUSD: 32 Pips Loss (21 Apr 09)
Support level at 0.7050 has broken. I cut loss at 0.7036, loss is 32 pips.

Original trade:
Bought AUDUSD at 0.7068
Stop level at 0.7024
Target level at 0.7165

6. EURJPY: 14 Pips Profit (20 Apr 09)
EURUSD has rebound slightly after falling 61.8%.
I closed my position at 128.04, 14 pips profit.

Original trade:
Shorted EURJPY at 128.18
Stop level at 128.91
Target level at 127.00

7. AUDUSD: 8 Pips Profit (20 Apr 09)
US dollar has strengthen across the board.
I closed my position at 0.7183, 8 pips profit.

Original trade:
Bought AUDUSD at 0.7175
Stop level at 0.7121
Target level at 0.7285

8. EURJPY: 95 Pips Profit (20 Apr 09)
ECB executive board member Bini Smaghi said interest rate is near to bottom, express skepticism about further aggressive interest rate cut.

I closed my position at 128.29, 95 pips profit.
Original trade:
Shorted EURJPY at 129.24
Stop level at 130.10
Target level at 1.2700 (amended)


[FONT=Tahoma]All the trades were generated based on BL TS system. Subscribers of our Trading Education Program will be taught about this system.