Let’s take a look at what took place during the Asian and European trading sessions as we get ready to start our trading session before NY Equity Market opens.
We’ll focus on relevant news, public comments, and any high impact releases that are shaping the overall market today, or in other words, considering the context of the market. Then we will look at the official trade recommendations issued yesterday and calculate profit/loss results. Then we’ll move forward with today’s analysis for all 7 major pairs plus any other pairs that are worth mentioning, and we will end the daily analysis with trade recommendations.
| Today’s Trade Result: | +52.5 pips |
| September 2011: | +289.5 pips |
Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012)
Forex Trading Strategies #3 – The Correct Trend
Forex Trading Strategies #4 – Support and Resistance
Forex Trading Strategies #5 – Market Psychology
Forex Trading Strategies #2 – The Right Timing
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
US Core CPI – May 15, 2012 – Forex Strategy
Forex Trading Strategies #1 – The Real Reason
{ 2 comments… read them below or add one }
You sold GPB/USD at 1.5710. But the highest was 1.5665.
How could you took 52.5Pip profit?
Thanks
The 1.5710 was a suggestion, but the entry was based on time. I specified WHEN to enter the trade regardless of the level.