FOREX end-of-week Summary (18-22 Jan 10)

A rather fulfilling last week, only 1 out of 6 trades in the negative.  Continued trading based on ActionForex reported S&R, I am also training myself to spot those S&R with helps from the report.  Basically, I identify the S&R then goes to the report and check whether my identified S&R are as reported or at least near to what is reported.  I think the accuracy come with experiences and such training should be fruitful when you trade the certain currency pair constantly.  I am still trading solely EURUSD in view of the lower spread compare to most other major currency.  I search for a new broker is still ongoing, however at this moment, it had been in vain.

The reason why I am searching for another broker is not because InterbankFx had not been good for me, but more because I wanted to have a better deal as there are broker who offer lower spread than what I am getting now.  As for now, I am satisfied with InterbankFx.  InterbankFx had also been the one who have most of its regulation been put inline with the Authorities.

FOREX end-of-week Summary (11-15 Jan 10)

FOREX end-of-week Summary (4-8 Jan 10)

FOREX end-of-week Summary (21-31 Dec 09)

Last two weeks of December 2009 and seeing the market being affected greatly by the slightest news. Nevertheless, my trade was held for two weeks seeing them going from profit to losses and back to profit then to losses and finally ending the year in profit and BE. But I was not able to close the trades as I only got home after the market closed. Think will continue to hold them into the new year and see the market movement on monday before deciding to close the trade or let the profit continue to runs. ;p