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Old 15-03-2007, 10:04   #1
FxLucifer
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Recommendations of a beginner

Well i've been doing demo accounts one year now and i started trading with a small account
i'll be posting here the trades that i'll be trading
but beware i'm just a beginner so you have a high probability that many of my calls will lose money
so it's up to you to follow it or not.
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Old 15-03-2007, 10:20   #2
FxLucifer
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Re: Recommendations of a beginner

the EURGBP has finished a 5 wave sequence up from 0.6535 till 0.6864
so now i'll be trading the correction
i'm selling 3 lots at 0.6840 with stop loss at 0.6870
we'll close one lot at the 0.236 retracement which is at 0.6787 so the first target will be at 0.6810
the second lot will be clsoed at the 0.382 retracement at 0.6739 so the traget is 0.6760
as for the third lot i'll leave it for the whole ABC correction

now if the stop get hit we'll reverse and buy 2 lots at 0.6885. cause that'll mean probably that the wave 5 is extended as for the stop loss on those it's to be determined when this happens
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