My current Forex account progress (Part 1)

Ok, while memories are fresh, I’d like to summarize my first trading steps in Forex with real Forex account, just so you can feel a bit the atmosphere around my trading story.I got access to my new real Forex account on Nov 13th - nice day …
I invested $250. That’s good for a mini-account. […]

GBP/JPY trend update

Just a quick update.
Price failed to break 228.00 level mentioned earlier. Note, that I use only close price and ignore spikes. The highest Close price was 227.80 while the spike reached 228.27 (it probably took out many stops at that area…)

We saw that resistance at 228.00 area held and therefore formed a double top pattern.
It […]

GBP/JPY pair today Nov 20-2007

Daily Pivots today:
S3 - 224.99
S3 - 219.78
S2 - 222.16
S1 - 223.58
Pivot - 225.96
R1 - 227.37
R2 - 229.75
R3 - 231.17
In the morning the pair has advanced from Pivot point to Resistance 1 level and as I write this post the currency is re-testing R1. I’ve entered there for a short term ride.
Let’s look at the bigger […]