Basic Knowledge of Forex Trading

Basic Technical Indicator Usage

Understanding Trend & Patterns

Understanding Candlestick Patterns

Monday, September 28, 2009

28 September 2009 9.30pm

GBPUSD that i've mentioned previous is having a Head and shoulder pattern. In a downtrend since last week.
Take a look at the chart below. According to the trend line drawn, it's a downtrend.
Sell GBPUSD above 1.5860 TP1@1.5700 , TP2@1.5500, TP3@1.5300.  SL@1.6000
This is mainly for position trader and NOT suitable for swing trader.

You may need to hold your position for this whole week. Good luck everyone.

Posted by at

1 comment:

Terence said...

Learn PA with help of support & resistance. I dont use indicators at all as they are all lagging.

October 1, 2009 at 3:13 PM

Post a Comment

Subscribe to: Post Comments (Atom)

How to Get Started !!!

First,

-You go to www.hyregister.info, click on register now. After register please let me know too.

-Input your information, choose min 50usd acct, web trader and complete the form.

-Deposit a min of 50USD

-You can start trading once you have deposit 50USD and withdraw money from your acct using debit card, paypal, credit card or other bank accounts.

-You will start to learn how to use and how to trade and set your profit while you are not around

-You will learn to play with Eur/Usd or Gbp/Usd to earn quick cash

- Regulated according to FSA, safe and secured 100%

- Can withdraw money whenever you want , and can stop whenever you want.

Now i will tell you how forex trading is manage. Let say we play Eur/Usd or Gpb/Usd(Eur vs Usd currency or British pound Vs Usd currency).


- In page, there will be

Please kindly leave your msn if you want to start and i will add you and teach you and guide you how to start.

I would try to be online everyday so that we could exchange information.