I just look at the news that is going to come out that day and analyze what currency it will affect and how much will it affect them. I also look at Pivot points and support and resistance. I look at some fundamental reports and analysis. Technical reports and just read what other people think on forums. I great site that I use often for news is Actionforex. Once i analyze all that I just wait and place my trades between 4 and 5 am because this is when the market starts to really move on most days. I found that in the past a lot of times my trades would stop moving around 12 and 1 pm and reverse their position so this is when I exit the trade.
Trades for 8/12
Buy EUR/USD 1.4906
Buy EUR/GBP 0.7822
Buy USD/JPY 109.91
CORRECTION
Trades for 8/12
Sell EUR/USD 1.4906
Sell EUR/GBP 0.7822
Buy USD/JPY 109.91
Todays trades 8/12
EUR/USD = -50 pips
USD/JPY = -21 pips
EUR/GBP = -40 pips
Total for 8/12 = -111 pips
Total for week = +49 pips
Trades for 8/13
Buy EUR/CHF 1.6229
Sell order EUR/GBP 0.7865
Buy USD/CAD 1.0660
Close all trades for 8/13
EUR/CHF -50 pips
EUR/GBP -100 pips
USD/CAD -12 pips
Total for 8/13 = -162
Total for the week = -113
Trades for 8/14
Buy Order EUR/CHF 1.6190
Sell EUR/GBP 0.7972
Buy USD/CHF 1.0870
Close all trades for 8/14
EUR/CHF 1.6230 +40 pips
EUR/GBP 0.7932 +80 pips
USD/CHF 1.0945 +80 pips
Total for 8/14 = +200 pips
Total for week = +87 pips
If you would like to receive my trades at your email address send me a message and I will add you to my mailing list. Your email address will not be given to anyone else.
Trades for 8/15
Buy EUR/CHF 1.6186
Sell EUR/GBP 0.7939
Buy USD/CHF 1.0984
Buy order USF/CAD 1.0673
Close all trades for 8/15
EUR/CHF -50 pips
EUR/GBP +100 pips
USD/CHF -15 pips
USF/CAD -50 pips
Total for 8/15 = -15 pips
This week we took some good profits on monday and the had big loosing days on tuesday and wednesday. At the end of the week everything was good and we came up with a profit for this week also. It didnt reach my goal of 100 pips but hopefully the next 2 weeks will be higher and I will be able to finish the month with 100 pip weekly average.
Total pips for this week = +72
Total pips for the month of August = +137
If you would like to receive my trades at your email address send me a message and I will add you to my mailing list.
Trades for 8/18
Sell EUR/CHF 1.6146
Sell EUR/GBP 0.7901
Sell USD/CHF 1.0948
Sell USD/JPY 110.25
Trades for 8/18
EUR/CHF +3
EUR/GBP +20
USD/CHF -50
USD/JPY +6
Total for today = - 21
Trades for 8/18
Buy EUR/CHF 1.6115
Sell EUR/GBP 0.7890
Buy USD/CHF 1.0989
Sell USD/JPY 109.90
Close all trades for 8/19
EUR/CHF +17 pips
EUR/GBP -50 pips
USD/CHF -50 pips
USD/JPY +18 pips
Trades for 8/20
Buy NZD/USD 0.7128
Buy AUD/USD 0.8710
Sell USD/JPY 110.13
Trades for 8/20
NZD/USD -27
AUD/USD -6
USD/JPY +12
Trades for 8/21
Buy EUR/CHF 1.6180
Buy EUR/GBP 0.7817
Sell order USD/CAD 1.0580
Buy order AUD/USD 0.8690
Trades for 8/21
EUR/CHF -18
EUR/GBP +22
USD/CAD +100
AUD/USD +100
Total for 8/21 = +204 pips
Wow! i wont even say have a nice day, your is already nice.
Good going man.