2008 May | You Are The Worst dot Com

Recommended Forex Course -> HectorTrader's Trend Exploiter

Why is it recommended?

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Monthly Pip Count for 2008

January : +706
February : +399
March : +366
April : +160
May: [Vacation]
June: TBA

Results will be posted at the end of each respective month.

May 22
2008

Up +50 Pips and Banked +40 pips.. Here’s How

Posted by Yours Truly in Forex Trades

Following up on my current EUR/GBP position, it is up +50 pips from my initial position started this week and I am aiming for another +250-300 pips as I am trading from the Daily charts.

Here is the current chart:

My second trade for last night involved in the USD/CAD pairing on the 1 hour time frame. With Gold and Oil skyrocketing and subsequent continual downfall of the American economy, the Canadian Dollar is in a perfect position to appreciate further. As this is a 1-hour trade, it was closed late in the subsequent day as the trading movement has been sideways and approaching the coveted 30/50 simple moving average where it’ll find support. Overall, it was a pretty easy +40 pips.

Also heads up regarding potential trades, the AUD/USD on the 1-hour looks might tempting at the moment as it is trading sideways with a flat top pattern approaching the 30/50 SMA dynamic support region.

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