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
Update on my LMT Forex Formula trade
Source: feedproxy.google.com
Read more...
USDCHF is forming a cycle bottom at 1.0923
USDCHF is forming a cycle bottom at 1.0923 level on 4-hour chart. Sideways movement in a range between 1.0923 and 1.1245 is expected in a couple...
Five Game-Changing Growth Stocks for 2012
IDC expects business data to increase 44 times over the next decade to 35 zettabytes (1 zettabyte = 1,000,000,000,000,000,000,000 bytes). In just...
USD/JPY Blocked by our 3rd Tier Downtrend Line
By Fast Brokers - The USD/JPY continues to hit a brick wall at our 3rd tier downtrend line, revealing the significance of...
Weekly Forex Market Forecast (April 2nd – April 6th 2012)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of April 2nd – April 6th, with release times displayed for the GMT time zone. The list also includes...
EUR/USD 1 hour chart head and shoulders
A text book head and shoulders formation has set up on the 1 hour chart in eur/usd. The neckline stands at 1.4110. A breakdown there would target 1.3850 zone. The move could happen on a dovish commentary from Trichet who might insist on strong euro being bad for the euro...