Recent content by sheraz572

Bought EURJPY @ 128.423 Stop Loss @ 128.13. Move SL to B/E at 128.73 Reason to trade MACD & Stoch indicating bullish trend formation.

My stop loss at breakeven reached although it went in the down-trend later on. Account Balance: 123.10

Stop loss moved to breakeven

Sold EUR/JPY @ 128.266.. Stop loss @ 126.56.. Move stop loss to break even at 127.96.. Reason to trade Expecting correction on RSI(3) from 67 to 35.

No trades for the day 18th - 25th April Trading Summary Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit 2013.04.19 02:25 buy 0.01 eurjpy 128.650 128.350 130.000 2013.04.19 08:54 129.793 0.00 0.00 0.00 11.53 2013.04.22 16:42 buy 0.01 eurjpy 129.670...

Stop loss level reached. Updated account balance $123.08 Reason for loss Incorrect trend identification. Lesson Learned To keep the assumption of price reaching upper & lower levels in mind as well, when planning for reversal and breakout from the mid level.

Bought EUR/JPY at 129.40.. Stop loss at 129.10. Move stop loss to breakeven when price reaches 129.7 Reason to trade. The 4 hour chart reflecting a price gap of over 60 points whereas the predicted downmove according to MACD, Stoc & RSI is 60 points max, and a reversal of over 200 points in...

I had no immediate take profit in mind. I was looking for breakup above 130 to 131.. Immediate plan was to move stop loss to breakeven once it reaches 129.97 and then to wait and watch. because once the risk is mitigated then there is no stress involved in the trade.

My trade plan for the day Sold EUR/JPY @ 129.50 .. Stop Loss at 129.80 .. Move stop to B/E at 129.20 Though I expect rebound around the 128.50 area but I see it going there. MACD signal line inclining downwards. RSI 3 at 67.85 I believe it will come to 30 when price will be around 128.40

Thanks Red Herring Trade for the day Bought EUR/JPY at 129.67.. Stop Loss at 129.37.. Plan to move stoploss to breakeven at 129.97 Reason for trade MACD signal line above zero. Stoch following repetitive pattern to buy.. RSI forming repetitive pattern to buy.. No good news in view for JPY

Position closed at 129.793.. +115.3 pips Updated account balance 119.01

My trade plan for the day Buy at 128.65. Stop Loss at 128.35. Move stop loss to breakeven when price reaches 128.95 Reason to make the entry order. RSI, MACD & Stoch showing the potential of price crossing 130.

Introduction Hi everyone I am Sheraz. I am been trading forex since a very long time and periodically blown my accounts to the point where I have realized the fact that I can no longer afford to blow a trading account therefore I have committed to myself that I will no longer deposit any...

EUR/USD Sold @ 1.2811 Stop @ 1.2825 Limit @ 1.2750

EUR/USD Sold at 1.2792 Stop Loss @ 1.2822