Update on my LMT Forex Formula trade

Source: feedproxy.google.com

Greetings fellow traders. A few days back I made a post (over here) announcing with joy that the LMT forex formula system has finally signaled an entry. The entry was a buy EUR/USD at 1.3873 on the H4 chart. Well, I’m glad to report that my position has hit take profit for a total of 251 pips. That marks my first successful LMT forex formula trade. So far so good! I did miss a potential trade on the H4 GBP/USD chart, and I regret doing so as if I had taken that trade I would have easily gained another few hundred pips. Ohwell, there is always next time. Btw, if you want something to chew on in regards to LMT Forex’s performance check this out: http://www.lmtforexforum.com/showthread.php?p=17#post17 That’s on a LIVE account! Congrats to Mike and hope the money keeps on rolling in. I’ll keep you all up-to-date on my LMT Forex Formula trades both via this blog and on the LMT Forex Forum via this thread: http://www.lmtforexforum.com/showthread.php?t=4 Until next time, I wish you all profitable trading! Cheers, Alan


Read more...

  • WHO raises pandemic level to Six: Swedish health min

    The World Health Organization has raised its pandemic warning level to six on a scale of 1-6, according to the Swedish health ministry Reuters reports. This could lead to some risk aversion if it leads to travel cut backs, etc. Risk aversion is the farthest thing from the markets mind as stocks,...

  • Forex Trading - Misunderstood Profession

    Rejection of something that doesn't fit the social routine is a common behavior among us. People don't like what they don't...

  • FOREX-Euro edges up but markets skittish

    The euro rose against the dollar on Monday as risk-averse sentiment eased on improved economic data and as stocks pared losses, but markets remained skittish before key central bank events and U.S. jobs data this week. European stock markets shed losses made at the outset on news that CIT Group...

  • Bank Stress Test – Most Passed, Some Didn’t Quite

    The Federal Reserve released the stress test result at the end of Tuesday and concluded that 15 of the 19 biggest financial institutions in...

  • The Olympic costs of coaching

    Financing the Olympic dream has always been a struggle but while most athletes manage to secure sponsorship deals many coaches are often...