Interesting view on Forex trading
Recently I read a very intersting article on forex trading. It is exactly what was my experience in forest 7 months of trading. Even tough I am fully aware that 7 months means in trading that I was still a newbie, I spent a significant time online attached to Metatrader windows. Trying everything, from system to signals, from news to economic reports. And yes, I was doing small but steady profit which was giving me a reason to continue. Untill I did a fatal mistake, trying fight the trend without stop loss.
I hope, that my HYIP investments will go on well, so far is looking very good and I plan a comeback.
EUR/USD Open 1.4425 High 1.4451 Low 1.4415 Close 1.4433
After having reached the psychological resistance at 1.4500 the upward trend of the Euro stopped and the currency couple corrected. If the above level is successfully broken again next psychological resistance levels would be at 1.4545 and 1.4595. In downward direction support is given around 1.4430, followed by 1.4369 and 1.4277.
Technical resistance levels: 1.4497 1.4545 1.4595
Technical support levels: 1.4430 1.4369 1.4277
Trading range: 1.4410 - 1.4485
Trend: Upward
Buy at 1.4422 SL 1.4392 TP 1.4472
Yesterday we made +15 pips profit on EUR/USD from the following signal:
8:16 GMT Buy EUR/USD at 1.4428 SL 1.4402 TP 1.4478 exited at 8:32 GMT
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