FOREX end-of-week update (29 Mar - 2 Apr 10)

Yet another week of negative gradient, time to stop trading LIVE and back to DEMO.  Anyway started the training program with Six Capital and should slowed down my trading frequency on this account.

Learning the six mindsets and the six steps in Spot FX trading.  Will be going through one week of lectures followed by five weeks of supervised DEMO trading before starting supervised LIVE trading for 18 weeks.  I should be able to trade profitably by the end of this 18 weeks. ;p

Trade of the Day 31 Mar 2010

Trade of the day 31 Mar 2010 - LONG EURUSD
Price break previous swing point (high) @ ~ 1.3428-1.3430, hence took a trade with protective stop at 1.3390.  Subsequently moved my SL to secure profit at 1.3500, trade still in progress. ;p

Price rise progressively before 8:00am, Sydney opening, but got rejected near resistance 1.3570 area and falls...