Monday, November 7, 2011
During this trading day, I entered 2 consecutive trades. The first trade was buy order I had placed 15 minutes after the New York Opening Bell which resulted in a 5.59% gain. My second trade was a sell order that resulted in a 3.18% gain. Both trades resulted in a 8.77% increase or gain in the account balance for the day. The total number of pips were ~32 pips.
Wednesday, October 19, 2011
We began today's webinar by discussing the recent price action for the EUR/USD currency pair and it's current rangebound activity. It has been held within a consolidation pattern of ~300 pips, awaiting news from this weekend's EU Summit, on whether to short or long the currency pair. Most of the market is sitting on the sidelines hoping that some kind of resolution would be agreed upon for the European Sovereign Debt Crisis & the Expansion / Leveraging of the EFSF (European Financial Stability Facility). Yesterday's Germany ZEW data fell to -48.3 from -43.3 in September which proved that investor confidence is growing worser, so many traders are anticipating some kind of action from the leaders of the Eurozone.
We also discussed the use of the 100 & 200 SMA (Simple Moving Average) in the Slumdog Forex Trading System and placed a few live trades within the market.