FOREX end-of-week Summary (23-27 Nov 09)

Looking at the summary, you would have guess correctly that last week trading was good and my account had doubled. Over the weekend, analysis was made to check what I had done the past week to ensure such result. Apparently, most of my trade were made along with the trend that the currency pairs was going. My TP and SL were set at the respective resistance and support. Hence, I could simple say that only two lines were used in my setup and of course others tools / indicators were used to confirmed the preceding trend. I am making good progress again and I am expecting to repeat the process and grow my account progressively. No more silly mistakes and trade decision made by greed and quick gains thoughts.

Always remember TREND IS YOUR BEST FRIEND!!! ;p

FOREX end-of-week Summary (16-20 Nov 09)

Pretty much the same as last week, however the trade that was held from last week eventually hit my SL after failing a few times breaking through the resistance. In between I managed a few small trade to gain a little, but overall for the week, negative growth...

FOREX end-of-week Summary (9-14 Nov 09)

Started the week with small investment in accordance to my risk management and made some short term gain. Took a long term trade but entered the trade too late, however I decided to hold on to the trade in loss as the support had yet to be broken. Even at the end of the week, the support had yet to be broken, hence I hold on to the trade over the weekend. At the meantime, I did not take any other trade so as to allow maximum margin available in my account. Hopefully the price go for the resistance level when the new week start... ;p

FOREX end-of-week Summary (2-6 Nov 09)

Another week of negative result that almost made me to quit trading for good. Decided to stop trading for the week and analyse all the loses I had made. Next week, I will make a come back and trade more successfully. ;p

FOREX end-of-week Summary (26-30 Oct 09)

Exactly the same method and selection decision, but was caught by the beginning of the week, early hours movement. Also because of the size of my account, was not able to hold on to the big losses, so had to close the trade prematurely. Additional USD70 was credited into my account by IBFX as promotion credit, matching 10% of my deposit. Well, have to rebuild my account again, though feeling a bit disappointed by the result, I will have to persevere and continues on.