My account post Aug 2014

Image used to convey the idea of currency conversion (originally from en.wikipedia). The signs are (clockwise from top-left): dollar, euro, pound, shekel, đồng, yen. (Photo credit: Wikipedia)

Hi,

I just thought of including my state of the Forex account as on today, i.e. post August trading, which is as follows:

All over in the month of August I ended up opening 3 trades.

1. One closed with a loss of 5 pips.
2. One closed with a gain of 15 pips.
3. Third is still open with a as-of-now gain of 10 pips.

So, overall the realized gain for the month of August has been 10 pips; and being converted into percentage it becomes a gain of 20%.

Considering a time span of a mere 30 days, it is a very good growth figure, but measuring it up to my own standards of growth measurement, it is a loss. I say so because I am used to making a minimum of 100% growth in a month. But nevertheless, the growth is always positive.

Now coming to the learning part :

I feel I could have closed the yet-to-close deal when it went to 1296 levels, but I did not. I was kind of taken away by the going-a-little-longer on the deal emotion. If that would have happened, then I would have crossed a 60% growth on the month of August. But now there is no point discussing that.

So, as of now I am entering the month of September with an open carry forward deal from August; and will publish the signals as and when I spot them.

Stay tuned!!!  

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Trading Signals for EUR/USD on Wednesday, December 04, 2013

English: Wednesday Market, 08:53 The market almost completely set up and some trading already taking place. North of 474142. Next 484542 (Photo credit: Wikipedia)

I love Wednesdays, because this day accounts for the entire action for the week. Especially when it is the first week of the month.

As I wrote on Monday, I still see a major shorting coming up.

I am still strong on the short deal at 1.3601. The stop loss at 50 pips and the profit levels of 150 are good to me.

So, I am still strong on it and I am waiting for the announcements for the day which include the news announcemnts of Non-manufacturing PMI.

That will be the moment when this particualr open deal will be put to a test.

Luckily, I am stringent with the stop loss, hence I will not lose much even if my signal turns the opposite way.

So, there is nothing much to do except doing the classic wait and watch.....

and I shall update the outcome tomorrow.

Till then, have a fun trading day ahead.    

Weekly Roundup on Sunday, Nov 17 2013

The One and Only (Gladys Knight & the Pips album) (Photo credit: Wikipedia)

I happy to state that the signals on Sunday, Nov 17 2013 closed in profit. If anyone followed my signal, then I am happy that you ended in profits.

Looking at a thread-bare analysis of the same, the long deal at 1.3355 closed with a 25 pips profit at 1.3380.

But on the other hand, both of the scalping deals closed with a stop loss, resulting in a loss of 20 pips.

Hence, the overall result came down to a gain of 5 pips.

This would have made little sense if were dealing with a small lot, but with a macro account, it could mean huge.

Well, as long as there is no loss of pips, everything else is a profit; even a situation of no gain.

So, I hope with my daily update of signals on my blog, each one of you could gain some pips in the Forex market.

Further, I hope you enjoy this weekend, see you tomorrow.

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Trading Signals for EUR/USD on Friday, August 30 2013

Trading Places (Photo credit: Wikipedia)

As of now I have not closed any open order in profit. But seems very likely considering the trend in the charts of EUR/USD pair.

Moreover, there was no announcement of any major financial news with respect to the Eurozone or the U.S.A.

Hence, it is safe to assume that the patterns for the pair formed today are real solid and will stay for sure for a considerable time.

By the way, I just glance on the highest and lowest levels of the day; which has 1.3255 as the highest and 1.3222 the lowest levels of the day. These values are as of now, hence are liable to change anytime.

As you also must have noticed, the difference is not much between the highest and lowest values of the day, just a mere 30 odd pips.

By pointing the difference I just mean that there is still a lot of scope for the market to show some dynamics. By dynamics I mean it could go zooming up or could also droop a lot low.


As far as my trading is considered; it would be wonderful if it reaches lower lows. That ways my account will close the as of now open Short deals in profit.

Just like yesterday, my account still has 4 open orders which are yet to shut down. And they have to have to shut down in profits. I have waited a really long time for that to happen.

As far as I recall, as per my current trading plan, I funded my account on the 23th of last month. 

Hence, it has been more than a month, and I have not doubled it yet. I have just earned close to 33% till now.

Last 2 weeks have not been that good, hence I lost my winning pace. But luckily this week has been cheerful; and I hope the forthcoming one will also be wonderful.

Whenever that be, I shall post and update here.

But right now I am just in a mood to enjoy the weekend.

Hope you too have a happy one, I think it would be if you have been following and acting as per my trading signals.

Also, I am in love with the Daily chart image attached.

Oh no, it went way lower than what I have posted here....hahhaha

Daily-chart-30-aug-2013