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Posts by forex_trader_89392

Times in Trading Systems Jan 26, 2013 at 14:53
Weekend Review: January 24 was the first day with a drawdown. Why did the day end negative? Below, I discuss the possible causes and remedial steps.The biggest loss was 35 pips even though losses were not supposed to exceed 20 pips. I identified the reason to be operating with a mental stop loss, which was flawed since price spikes can travel several pips within seconds. To prevent any recurrence every trade will now come with a hard stop-loss and I have pre-set the loss limit at 18 pips (in effect since January 25).The 46 pip win was a pyrrhic victory. Even though the trade came with minimize...
Times in Trading Systems Jan 21, 2013 at 09:11
This is a day trading program that utilizes a simple technical system with moderate leverage. Money management and rigorous discipline in trade execution are at the core of this project.Trading is closed on Weekends and during US & UK Public Holidays. Trading hours are 2.00 am to 11:30 am EST (GMT-05:00). More than 5 trades are estimated on an active day. Only the EUR/USD pair is traded and only one trade is open at any time (A new trade is executed only after the previous trade is closed). Each trade has a stop loss of 0.8%. The maximum time a trade can remain open is 2 hours. Daily l...
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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EURUSD
1.10774
GBPUSD
1.31736
AUDUSD
0.63606
USDJPY
148.515
USDCAD
1.40078
USDCHF
0.84609
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