Sunday, July 01, 2007
Forex Day Trading System - GBP/USD is all about going long
Forex Day Trading System - GBP/USD is all about going long
The GBP/USD after a 2 month retracement is back to long ways again..It has broken the 2.0000 barrier once again. It briefly retraced on past wednesday and thursday, but on friday it zoomed up just like EUR/USD.
The technical indicators were perfectly lined up. I used the system specified by Adam Burgoyne in the forex trading system that he mentions in his ebook. I used the strategy and made nice little 65 pips..
Yes, I tried Adam Burgoyne's "5 EMAs forex trading system" for the 1st time on a real account and it worked great.. 65 pips is excellent return for a day and with a stop loss of only 33 pips. The system as the name suggests is using the most popular technical indicator of EMA. You should check out his system. Not only is the system good, Adam also offers some very cool bonuses.
Now how to take profit from the recent break by GBP/USD - Since it is over 2.0000, according to me I would wait for a retracement in the range of 2.0000 through 2.0025. If it comes in that range, I'll go long again and place my limit order at 2.10000.
Again, if EMA system as told by Adam also confirms the same, Its going all long on the GBP/USD currency pair. Click Here to find more about the system told by Adam.
Thats all in this post on foreex day trading..Visit again to learn more on currency trading.
The GBP/USD after a 2 month retracement is back to long ways again..It has broken the 2.0000 barrier once again. It briefly retraced on past wednesday and thursday, but on friday it zoomed up just like EUR/USD.
The technical indicators were perfectly lined up. I used the system specified by Adam Burgoyne in the forex trading system that he mentions in his ebook. I used the strategy and made nice little 65 pips..
Yes, I tried Adam Burgoyne's "5 EMAs forex trading system" for the 1st time on a real account and it worked great.. 65 pips is excellent return for a day and with a stop loss of only 33 pips. The system as the name suggests is using the most popular technical indicator of EMA. You should check out his system. Not only is the system good, Adam also offers some very cool bonuses.
Now how to take profit from the recent break by GBP/USD - Since it is over 2.0000, according to me I would wait for a retracement in the range of 2.0000 through 2.0025. If it comes in that range, I'll go long again and place my limit order at 2.10000.
Again, if EMA system as told by Adam also confirms the same, Its going all long on the GBP/USD currency pair. Click Here to find more about the system told by Adam.
Thats all in this post on foreex day trading..Visit again to learn more on currency trading.
Labels: 5 EMA forex trading system, 5 EMAs Forex Trading System, Adam Burgoyne, forex ema, forex pips, forex technical indicators, GBP/USD
