"Forex Trades results: +55 pips on GBP/JPY"
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I’m a happy forex trader and I’m here to help you to have sucess in fx trading. If you want to become a successful fx trader you need a good forex trading strategy.
So, I will show you how i got 55 pips on GBP/JPY
Trade of 02/04/08
1) Up Parabolic SAR appears however the big trend is in place. We have MAE 14 < MAE 42, that’s mean the trend is Up. My ForX system trading online is always with the big trend.
2) The candlestick is up too but prices touch his low, so the market doesn’t want to make a big profit. Like a disciplined currency trader, I wait a pull back (pause) to decide if I take a position.
3) After this down candlestick, a down Parabolic SAR appears but RSI indicator stays Up, so I wait a signal with William’s%R.
4) Yes !!! I have a down candlestick which has: 85 < W% < 100 and RSI is above 50 (5 and 6).I stay concentrated because currency trading is a business ;-)
7) I take the low of this candlestick because the price crosses the low of my first candlestick (see on the chart)
After that, I put my favorite forex Fibonacci Retracements because I want to know where I close my position if I take it.
My currency system trading is simple but if you have any questions I’m here to answer you. I’m a passionate ForX trader so I like speak about foreign exchange trading.
I decide to close my position because the price makes a divergence with William’s %R indicator.
I hate lost my money so when I win a trade I go out faster. Don’t be greedy !!!
My forex day trading system gives me +55 pips on GBP/JPY, that’s why I say : I’m happy forex trader.
Currency trading made easy but you need a good strategy, discipline, patience and perseverance.
Domino, I love currency trading !!!
Go to the forex trades Up page
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