We have been lucky over the past few weeks to be able to tell you about our good trade nights, well today we will tell you about a bad one. Personally I was stopped out of both of my trades last night for a 80 pip loss. While it is not pleasant, it’s … Read [...]
Posted in Internet Lounge | Tagged 4506, a, at, back, Forex, look, trading
Last night is what we call a good no trade night. Remember taking no trade is taking a position, and often the safest position. We had several good reasons to take a short position around 1.7360. Unfortunately the market just dropped, all night, never taking the bounce up we look for our … Read More [...]
Posted in Internet Lounge | Tagged 40406, a, at, back, Forex, look, trading
Looking at Friday’s trades reminds me of the importance of multiple technical indictors. When I was writing Friday’s newsletter, I spoke of several indicators, which lead me to believe Cable was going down. Lets review: First we would like to decide if the up swing will continue or not, and looking at the 1 … [...]
Posted in Internet Lounge | Tagged 4306, a, at, back, Forex, look, trading
Being able to afford a home, living in a place that is too small for your family, keeping up with monthly payments, having an unexpected expense, running out of money for food, clothing, medical care, or activities: these worries affect your wallet and your health. Financial stress eats at many people, and how they cope [...]
Posted in Internet Lounge | Tagged at, dont, eat, Financial, let, Stress., you
We are starting to sound like a broken record, but Cable is in a very tight trading range. It is really difficult to make profit targets when the daily range is less then 50 Pips. For most of the day it was less than 40 pips. With that said, once again we … Read More [...]
Posted in Internet Lounge | Tagged 32806, a, at, back, Forex, look, trading
I understand that hindsight is 20/20, but I believe that there is still a great deal to be learned by looking back at Forex trading. Although this article was written ahead of the trading action I am going to discuss, by the time you read this the trading activity which we’re discussing will have already [...]
Posted in Internet Lounge | Tagged 32706, a, at, back, Forex, look, trading
No one wants data loss, but of all the internet wired people I know, I have yet to meet one who has not, at some point, lost important data. This is inevitable, and has nothing to do with the electronic age in particular. Think about it. Haven’t you ever lost a notebook for school, or [...]
Posted in Internet Lounge | Tagged at, backing, data, ignore, it, peril, up, Your