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Nice day for the 4-to-7 trading system.. not so nice for me

Nice day for the 4-to-7 trading system.. not so nice for me

The chart is show above.. the upper and lower lines are at 14937 and the lower line 14844. This looks like simple short for profits. It was.. however, for me, I didn't wait until 7am finished and my first trade was a long at 14927 which obviously ended in a loss! The loss was 50 pips and my gain on the short was 30 pips.. totalling -20 for the day!

June 21, 2010 No Comments Full Story

Get your 80 Forex lessons for FREE here!

Get your 80 Forex lessons for FREE here!

A friend of mine sent me this, I hope it's not copyright but if it is, please let me know so that I can remove it. It is a file with 80 lessons in Forex trading. There are a bunch of really useful lessons especially for someone new to the Forex markets. A good trader always keeps his mind open so even for the seasoned trader, there maybe something useful for you. Click the link below to download: http://depositfiles.com/files/d7lvxrog4 (Sorry there is an annoying timer until you

June 17, 2010 No Comments Full Story

Trading the DOW futures market

Trading the DOW futures market

I got home today and decided to see if I could quickly scalp the DOW jones. You can see that the market fell shortly after the open and bounced back up a little. I was looking for a long trade if the market went above the previous high. I had an order at 10385 and was looking to ride it as far as possible, selling out as soon as I felt some resistance in the market. Well, the order triggered and went up nicely... the first port of resistance was the big round number at 10400 and I got out aro

June 17, 2010 No Comments Full Story

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