Thursday, April 2, 2009

Forex Trend Alerts: 04/02/09


Short at 13260 (03/30) L/Closing: 13241 Floating: +19 pips

Hold Short with closing stop at 13450


Short at 14270 (03/30) L/Closing: 14466 Floating: -196 pips

Hold Short with closing stop at 14620


Long at 6570 (03/16) L/Closing: 6980 Floating: +410 pips

Hold Long, move stop to 6850


Long at 9740 (03/31) L/Closing: 9853 Floating: +113 pips

Hold Long, move closing stop higher to 9680


Long at 11500 (03/30) L/Closing: 11454 Floating: -46 pips

Hold Long with closing stop at 11300

Quote of the Day:

"Knowing is not enough, we must apply. Willing is not enough, we must do." - Johann Wolfgang


  1. Hi Michael,
    I liked your new style of putting in the actual entry/stop loss signals. Thanks.
    However the exit signals are only when the trend had changed and we got stopped out by the mkt.
    Would your system be able to give an earlier signal?
    thanks again.

  2. Hi Newbie1,
    You have a very good point. Indeed there are many ways to put in an earlier stop out point, which is very subjective and personal depending on individual trading strategy, money management style, technical patterns analysis, trading system adopted, etc...
    My signals are based on my "Position Trading System" whcih aims at catching the big trends, thus may sacrifice some short term profits in exchange for big gains later on.
    You can always take profits whenever you wish basing on your own strategy and system and realised your profits earlier before being stopped out without or with much less profits.
    Have a nice trading day!


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