The FXPro Chats are traded by me now, the daily ends at 5pm which is fine.
GBP USD
http://i189.photobucket.com/albums/z...pusdsept23.gif
From what I've read, I presume this to be a . (Plus it has so far proved to be an extremely profitable one)
PPZ, Poked thru the 365 (my red line) sticks out from surrounding pubs (a bit)
I set my market at 1.6318 (10 pips under low of pin) Having a stop at 1.6400 (big round number and just behind 365 and PPZ) and a take profit in 1.6200 (bottom of previous bar before pin) for the entire position. I made my very first profitable Forex trade! 118pips. This continued to move as most of us know. I want to find out if OANDA can take complied orders, like market half in this price, then move stop to BE, etcetc. For the time being I specify a stop and a profit degree, and if they have not been hit by the next morning, I can move them. This is a place I want to learn and improve in.
I also should know about position sizing, more risk management and lot dimensions. The 100,000 dollar demo account seems absurd, I wish it were adjustable.
NZD USD
http://i189.photobucket.com/albums/z...dusdsept23.gif
Sold at 10 pips under pin, at 0.7168. Cease at 0.732 Moved stop to top of prior bar and was stopped out.
I believe this was a nice pin. Recent large, sticks out, form is great, but could have been more. There was money to be made within this trade if it were properly handled.
Until next time