Adsense

Friday, November 5, 2010

Monthly Trading Signals Summary (October 2010)

“The markets offer unlimited opportunities for self-sabotage, as well as for self-fulfillment.’’ – Joe Ross

Hello:

I was about to post an article containing an interesting topic when I remembered I’d need to post a summary of my long-term trading signals based on my analyses. It’s my intention to post a summary at the end of each month. I don’t get mad because of losses. What’s important to me is gaining more pips than I lose – even if it’s a small percentage per month. A trader with a good trading skill recuperates losses with the factor of time. Remember that my position size is 0.01 lots for each $1000.

1. Instrument: EURAUD

Order: Buy Limit

Entry date: October 1, 2010

Entry price: 1.4000

Initial stop: 1.3850

Current stop: N/A

Exit price: N/A

Exit date: N/A

Status: Open

Profit/loss: 56

Percentage growth: 0.5%

2. Instrument: AUDJPY

Order: Sell Limit

Entry date: October 19, 2010

Entry price: 80.50

Initial stop: 82.00

Current stop: 79.50

Exit price: 79.50

Exit date: November 1, 2010

Status: Closed

Profit/loss: 100 pips

Percentage growth: 1%

3. Instrument: AUDUSD

Order: Sell Limit

Entry date: October 29, 2010

Entry price: 0.9821

Initial stop: 0.9971

Current stop: N/A

Exit price: 0.9971

Exit date: November 2, 2010

Status: Closed

Profit/loss: -150 pips

Percentage growth: -1.5%

4. Instrument: EURCAD

Order: Buy Limit

Entry date: September 9, 2010

Entry price: 1.3100

Initial stop: 1.2950

Current stop: 1.3819

Exit price: N/A

Exit date: N/A

Status: Open

Profit/loss: 1145 pips

Percentage growth: 11.4%

Conclusion: You could see that, on my long-term strategy, I made more money than I lost last month. My near-term signals also have more profits than losses on monthly basis (My near-term trading strategies remain my secret and a secret of my trainees, and of course, a benefit to my subscribers). It’s very important that emphasis be placed on both exit signals and risk management rather than looking for accurate entries (we just need to deal with whatever risk occurs). The opening signal is far less significant than is generally assumed. Oftentimes the markets give signals so clearly that one would need to be blind in order not to see them. Keep in mind that you need to avoid thinking that you’ve to be right always when trading. You can’t impose your wishes on the markets.

There are right ways and wrong ways to trade. Successful trading rules spell out the difference – and aligning yourself to these simple rules will make it possible for you to enjoy consistent survival on the markets. I’d like to help you on your journey to financial freedom. Together, we can stay afloat and ride the wave to success on the turbulent markets. You’re encouraged to subscribe to my one-month free trading signals by going thru the link below:

http://www.fxinstructor.com/en/analytics/ituglobal. You’d be glad you do.

You can also access my past articles that reveal great trading secrets at:

www.fxinstructor.com/blog/author/amustapha

I conclude with Mr. Joe’s quote below:

“How do you approach trades? Do you try to follow a detailed trading plan, or do you rely on luck and hope that all your trades work out the way you want? If you rely on fate, you may pay a psychological price by not developing discipline. Making a quick profit without a trading plan may provide short-term pleasure, but these kinds of winning trades can adversely influence your self-discipline in the long term. Rather than developing a well-defined trading plan, following it, and getting rewarded by trading it, an undisciplined trader puts on a trade haphazardly and is sometimes coincidently rewarded.”


Your questions and opinions are highly welcome.

Thank you.

With best regards,

Azeez Mustapha

Forex Signals Strategist, Funds Manager &Coach

Senior Analyst

FX Instructor, LLC

Email: amustapha@fxinstructor.com

Get my Forex trading signals at: http://www.fxinstructor.com/en/analytics/ituglobal

Nice trading tips are available at: www.ituglobalforex.com

And my past articles are also available at: www.ituglobalforex.blogspot.com

Yahoo! Messenger ID: saazalmu

NB: There is risk of loss in trading, but it is possible to be a successful trader.

No comments:

Post a Comment

The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.