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You are here: Home > Finance > Currency Trading > Forex, A Week In Review - 3/20/06 To 3/24/06 |
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Answer Upon - Forex, A Week In Review - 3/20/06 To 3/24/06
The Hands On Approach 7580, Target @ 1.7500 & 1.7440 We filled the first trade for 40 and the second trade we closed at 1.7470 for 70 Pips.While living in the technology age where everything is computerized, digitized, and auto-responded, it is very easy to forget where we came from, and how all of this progress has almost completely wiped out the personal touch.In this article, I am going to discuss three different ways 3/22/06 Short @ 1.7490, Stop @ 1.7530, Target @ 1.7450 & 1.7410 We filled both trades we an early exit at 1.7460 for 30 & 30 Pips. 3/23/06 Short @ 1.7460, Stop @ 1.7500, Target 1.7420 & 1.7380 - Missed entry by 11 Pips. 3/24/06 Short @ 1.7370, Stop @ 1.7420, Target @ 1.7310 & 1.7290 Miss How To Improve A Low Credit Score We like to wrap up every week with a review of the previous weeks trading. So, here goes.If your credit score is below 700, you may not qualify for some of the best interest rates on credit cards, loans or mortgages. This means that just by having a credit score of 695, instead of 725 (just an example), you may end up paying thousands more in interest on any new credit you are g Cable gave us a run for our money last week. We were able to end the week up anywhere from 100 to 200 Pips based on personal exit strategies, so we are not complaining, but the daily trading range has been very tight and very unpredictable making big profit targets was almost impossible. It was important this week to work your trades, we were able to nail 3 out of 5 entries but if you were not watching and working an exit strategy, all but one trade could have gone against you. If you were not using good trade management strategy you would not have closed the trade around 9:00 AM (before you were actually in the trade) and it would have gone against you for your stop loss. Remember, not taking a trade is a position, often time the best position. For those of you watching our daily newsletters, we had another good week. We had three winning trades, although only one was for our full target, and more importantly no losing trades. With that said we have nothing to complain about, going 3 for 3 with two days with no trades, remember taking no trade is as much a position as taking a trade. And no losing days means we did not give back any of our gains and can add the full gain into our account for compounding. This is what the week looked like; 3/20/06 Short @ 1.7570, Stop @ 1.7615, Target @ 1.7520 & 1.7490 Did not fill either trade but had plenty of reason to get out of trade around 1.7530 on three separate occasions during the day, and there was no reason to not have protected your trade by at the very least moving your stop loss to break even. For 0 to 40, Pips on both trades. 3/21/06 Short @ 1.7540, Stop @ 1.7580, Target @ 1.7500 & 1.7440 We filled the first trade for 40 and the second trade we closed at 1.7470 for 70 Pips. 3/22/06 Short @ 1.7490, Stop @ 1.7530, Target @ 1.7450 & 1.7410 We filled both trades we an early exit at 1.7460 for 30 & 30 Pips. 3/23/06 Short @ 1.7460, Stop @ 1.7500, Target 1.7420 & 1.7380 - Missed entry by 11 Pips. 3/24/06 Short @ 1.7370, Stop @ 1.7420, Target @ 1.7310 & 1.7290 Miss A New Spin on Mystery Shopping able to nail 3 out of 5 entries but if you were not watching and working an exit strategy, all but one trade could have gone against you.Have you been using mystery shoppers or web or phone surveys looking for something new? Do you need more data points? Look no further than your email database of customers. Here is an inexpensive and fun way to not only help move service forward, but continue to cement the loyalty of your If you were not using good trade management strategy you would not have closed the trade around 9:00 AM (before you were actually in the trade) and it would have gone against you for your stop loss. Remember, not taking a trade is a position, often time the best position. For those of you watching our daily newsletters, we had another good week. We had three winning trades, although only one was for our full target, and more importantly no losing trades. With that said we have nothing to complain about, going 3 for 3 with two days with no trades, remember taking no trade is as much a position as taking a trade. And no losing days means we did not give back any of our gains and can add the full gain into our account for compounding. This is what the week looked like; 3/20/06 Short @ 1.7570, Stop @ 1.7615, Target @ 1.7520 & 1.7490 Did not fill either trade but had plenty of reason to get out of trade around 1.7530 on three separate occasions during the day, and there was no reason to not have protected your trade by at the very least moving your stop loss to break even. For 0 to 40, Pips on both trades. 3/21/06 Short @ 1.7540, Stop @ 1.7580, Target @ 1.7500 & 1.7440 We filled the first trade for 40 and the second trade we closed at 1.7470 for 70 Pips. 3/22/06 Short @ 1.7490, Stop @ 1.7530, Target @ 1.7450 & 1.7410 We filled both trades we an early exit at 1.7460 for 30 & 30 Pips. 3/23/06 Short @ 1.7460, Stop @ 1.7500, Target 1.7420 & 1.7380 - Missed entry by 11 Pips. 3/24/06 Short @ 1.7370, Stop @ 1.7420, Target @ 1.7310 & 1.7290 Miss Finding Dropshippers For Your Online Home Business Store our daily newsletters, we had another good week. We had three winning trades, although only one was for our full target, and more importantly no losing trades.One of the hardest parts of running an online business store is the ability to find a partner that is willing to not only supply you with the product but ship it to the customer as well. Drop shipping has made its way on to the scene and in perfect timing. This is a great way to ensure that With that said we have nothing to complain about, going 3 for 3 with two days with no trades, remember taking no trade is as much a position as taking a trade. And no losing days means we did not give back any of our gains and can add the full gain into our account for compounding. This is what the week looked like; 3/20/06 Short @ 1.7570, Stop @ 1.7615, Target @ 1.7520 & 1.7490 Did not fill either trade but had plenty of reason to get out of trade around 1.7530 on three separate occasions during the day, and there was no reason to not have protected your trade by at the very least moving your stop loss to break even. For 0 to 40, Pips on both trades. 3/21/06 Short @ 1.7540, Stop @ 1.7580, Target @ 1.7500 & 1.7440 We filled the first trade for 40 and the second trade we closed at 1.7470 for 70 Pips. 3/22/06 Short @ 1.7490, Stop @ 1.7530, Target @ 1.7450 & 1.7410 We filled both trades we an early exit at 1.7460 for 30 & 30 Pips. 3/23/06 Short @ 1.7460, Stop @ 1.7500, Target 1.7420 & 1.7380 - Missed entry by 11 Pips. 3/24/06 Short @ 1.7370, Stop @ 1.7420, Target @ 1.7310 & 1.7290 Miss FOREX Software: A Critical Element for Success unding. This is what the week looked like;In most cases when you sign up with a FOREX broker they will provide you with software to execute transactions as well as get market information. Since online trading has been around for quite some time now, the brokers have a pretty solid understanding of what the traders need from trading 3/20/06 Short @ 1.7570, Stop @ 1.7615, Target @ 1.7520 & 1.7490 Did not fill either trade but had plenty of reason to get out of trade around 1.7530 on three separate occasions during the day, and there was no reason to not have protected your trade by at the very least moving your stop loss to break even. For 0 to 40, Pips on both trades. 3/21/06 Short @ 1.7540, Stop @ 1.7580, Target @ 1.7500 & 1.7440 We filled the first trade for 40 and the second trade we closed at 1.7470 for 70 Pips. 3/22/06 Short @ 1.7490, Stop @ 1.7530, Target @ 1.7450 & 1.7410 We filled both trades we an early exit at 1.7460 for 30 & 30 Pips. 3/23/06 Short @ 1.7460, Stop @ 1.7500, Target 1.7420 & 1.7380 - Missed entry by 11 Pips. 3/24/06 Short @ 1.7370, Stop @ 1.7420, Target @ 1.7310 & 1.7290 Miss How to Make Money on the Internet 7580, Target @ 1.7500 & 1.7440 We filled the first trade for 40 and the second trade we closed at 1.7470 for 70 Pips.E-commerce is a modern marketing tool by which you can make money with less manpower, less paper works and less time. You will always hear that it is easy to make money on the Internet. However, until you learn how to do it, you will continue to wish you could make money on the Internet. 3/22/06 Short @ 1.7490, Stop @ 1.7530, Target @ 1.7450 & 1.7410 We filled both trades we an early exit at 1.7460 for 30 & 30 Pips. 3/23/06 Short @ 1.7460, Stop @ 1.7500, Target 1.7420 & 1.7380 - Missed entry by 11 Pips. 3/24/06 Short @ 1.7370, Stop @ 1.7420, Target @ 1.7310 & 1.7290 Missed entry by 18 Pips. Closed both trades around 9:00 Am due to reversal indicator. Saved a 100 Pip loss.
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