I trade based on technical analysis that utilizes support and resistance levels. I will apply some statistics when computing entry points so that they can serve as support and resistance. When entering a trade, I can use both market and limit orders whenever necessary, but mostly market orders. I am going to set stop-losses for every trade and keep stoplosses at 50 pips. Takeprofits will be set around 60 pips. Trades can be entered any time of the day, but will avoid economic news release times. I primarily focus on the EURUSD pair. I suggest starting with small lot sizes until getting familiar with the system. Good luck to all!
Drum2009 - Forex
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2009
+5.3%
+16.7%
-26.3%
2010
-6.8%
-13.1%
+33.2%
+66.4%
-38.1%
-16.6%
-8%
-0.7%
+0.9%
-11.2%
+15.5%
-12.8%
2011
+3.3%
-5.5%
+35.4%
+42.7%
-40.8%
-
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Date Started
