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Why Did I Close the Positions Manually?

Forex Market Analysis and Signals | Tuesday, January 13th, 2009

Hello :)

Hope you had the chance to take the last night positions on time. Our last night trades made 523 pips in total. I closed two of the trades today morning because they had become so close to the target but they changed the direction before the trailing stop moves the stop loss to breakeven. So I preferred to close them. This is what I always do. Also one of the pending orders was not triggered and so I deleted it.

I start placing the orders and posting the signals here at 5pm EST (10pm GMT). It can take up to 5 hours. So you just need to check the site for the new signals at 5pm EST and keep on checking the same page until I announce that I will not place any more orders (signals) for the night.

Then I check the trades next day morning and will update the last night signals with the trades that have triggered the target, stop or those that are closed by myself. So you need to check the same page on the next day morning between 10am to 12am EST (15 to 17 GMT). You can close the trades that I close manually or you can let them work if you don’t agree with me and you think they will hit the target. It is up to you.

Ok! Lets analyze the market and place the orders.

Announcement (00:32 GMT, 14th Jan): I have already placed 9 orders (see below) and I will not place any more order for tonight/today. Check this page again between 15:00 and 17:00 GMT for the changes and results.

Note:
1. Read the disclaimer before you use the below buy/sell signals.
2. If you have not received the below signals on time, just compare the current price
with the entry price and do not take any position if the target is already triggered or the
price is close to it.
3. Please note that some of the below signals are pending orders. So read all the explanations carefully before you take any position.
4. Cancel all the pending orders that are not triggered from the previous day.

CP What to Do? Entry Price Stop Loss Trailing Stop Take Profit Results

EUR/USD



GBP/USD

USD/CHF

USD/JPY


USD/CAD

USD/SGD

USD/NOK
BUY (22:17 GMT, 13th Jan) 7.1573 7.1765 400 7.2073 +500
(13:37 GMT, 14th Jan)

USD/SEK

USD/DKK


EUR/JPY
SELL Pending Order (22:26 GMT, 13th Jan) 116.90 122.193 80 115.90 deleted

EUR/CHF
SELL Pending Order (22:35 GMT, 13th Jan) 1.4720 1.4923 30 1.4670 +50
(14:19 GMT, 14th Jan)

EUR/GBP

EUR/AUS

EUR/CAD
SELL (22:43 GMT, 13th Jan) 1.6114 1.6504 80 1.6014

EUR/NOK


GBP/JPY

GBP/CHF
SELL Pending Order (22:57 GMT, 13th Jan) 1.6161 1.6599 80 1.6061 delete (not triggered)

GBP/AUS

GBP/CAD
SELL Pending Order (23:11 GMT, 13th Jan) 1.7684 1.8430 80 1.7584 deleted


CHF/JPY

CHF/SGD


CAD/JPY

CAD/CHF
SELL Pending Order (23:25 GMT, 13th Jan) 0.9056 0.9480 80 0.8956 +100
(18:20 GMT, 14th Jan)


AUS/USD

AUS/JPY
SELL Pending Order (23:34 GMT, 13th Jan) 58.42 63.79 80 57.42 delete (not triggered)

AUS/CAD
SELL Pending Order (23:50 GMT, 13th Jan) 0.8073 0.8366 50 0.7973 delete (not triggered)

AUS/CHF

AUS/NZD

AUS/SGD


NZD/USD

NZD/JPY


SGD/JPY

Total:

+650

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1 Comment:
post a comment
Comment by Dosh
2010-11-13 06:53:59

Why are the stop loss positions so large compared to the take profit levels? I mean the risk to reward ratio is so large in these trades. Is there any reason for that?

 
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