ForexSpirit

I’m sure I’ll do my usual monthly review post but since this was the last trading day of the month for me I’ve calculated up my total weekly and monthly pip totals.
I’m pretty happy with the results.

  Trade   Market        Direction  Entry          Exit          Pips  

  1EUR/JPYLong123.50123.6010

  2EUR/JPYLong122.95123.0510

  3GBP/USDLong1.52811.529110

  4GBP/USDShort1.54401.543010

  5EUR/JPYLong122.21122.3110

  6EUR/USDLong1.28301.284010

  7EUR/USDShort1.28971.288710

Total daily pips: 70
Total weekly pips: 181
Total monthly pips: 537.1

The re-jigging of a EUR/USD limit order is noteworthy in that I saw myself falling into a trap that I had previously been snared by but I took corrective action in time.
Just after 13:30 EST I placed a limit buy order at 1.3000 on EUR/USD. While a nice round number (and thus one of [...]

The upcoming week will probably be relatively quiet for trading. As well as the usual Thanksgiving festivities on Thursday and Friday which usually results in minimal volume and thus precarious trading conditions, I’m also taking the first three days of the week off.
In between running errands, putting up ceiling fans and shelves and other [...]

GBP/USD was my bane today, while EUR/USD and EUR/JPY were sweet as pie.
Let’s examine the two dodgy sterling trades. The first one occurred at 11:30 EST when price was retracing the major down move that had taken place over the previous two hours.
I did not have a sell limit order in place [...]

A pretty quiet day today compared to the recent past.
The only real trade of note was the second GBP/USD entry which I did as a continuation trade rather than the more common support/resistance scalp. The 1.4750 area was tested for a second time in late afternoon trading. After an initial bounce the downward [...]