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Sunday, July 5, 2009

FOREX end-of-week update 29 Jun-3 Jul 09

Another week of unsatisfactory trading, nevertheless, I am embarking on the use of Moving Averages to help judge the price movement. Trading method had not changed, still on candlestick pattern and scapling. I am targeting to increase my account 10% daily, but risking only 3-5% of my account. Had top-up another USD250 into my account. Numbers of trades per day should be reducing as I am on 5 minutes timeframe now to reduce fake out. Hang on for better result...

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