“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:
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.
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