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Thursday, January 17, 2008

First trade of 2008. EUR/USD Trade (16-01-2008)



*Attached charts (Before & After). Click on it for the enlarged version.

Hello Everyone,

My first trade for the year of 2008 :)

Initiated a short position on the EUR/USD at 12:51pm (Singapore Time) today :)

What I saw was that:
1) Dark Cloud Cover.
2) Parabolics SAR is still above.
3) 6MA is still below 23MA.
4) My secret confirmation.

Shorted it at the price of 1.4839. Stop loss was placed at 1.4868, Target Profit at 1.4754.

Target Profit was hit at 11:47pm (Singapore Time), was not in time to shift my Target Profit :) It is ok. 85pips profit for my first trade in 2008 :)

Peace and trade safely everyone...

4 comments:

Anonymous said...

good blog,

may i know what trading platform you use,is it metatrader 4 and which broker do you use?

any advice what is a good time & currency for trading in the night ( singapore time )

Ash Ariffin said...

Hi there. I am using FXCM for my trades and MT4 for chartings.

There is no advice on what time and currency is good for night trading (Singapore Time). Market move when it wants to move and we do our homework. Basically, I am on the 4 majors most of the time.

Anonymous said...

thks for yr reply. Dynamite tnt forex system look promising system.simple to understand and follow.wish you all the best in yr trading.

Ash Ariffin said...

Hi Tan. Dynamite TNT is merely advertising on my blog :) I actually system and trading plan is a mix of multiple teachers that I have.

Wish you all the best for your trading year as well =^_^=