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Monday, May 22, 2006

Forex Trade Signal - 05/22/06

So, I didn't get a chance to post the signal this morning. Again, i will post it for record keeping and testing purposes. Also, I will start posting results for GBP/USD and USD/CHF to compare how the system works on both currency pairs.

Forex Trade Signal - 2:00 am EST - USD/CHF

Long USD/CHF at 1.2236, stop at 1.21.94, pt1 at 1.2248, pt2 at 1.2275

Short USD/CHF at 1.2157, stop at 1.2199, pt1 at 1.2145, pt2 at 1.2118

Trade Results - USD/CHF

Long Trade entered:
Lot 1: -42 pips
Lot 2: -42 pips
Total: -84 pips

Short Trade entered:
Lot 1: +12 pips
Lot 2: +39 pips
Total: +51 pips

Day Total: -33 pips

Forex Signal Trade - 2:00 am EST - GBP/USD

Long GBP/USD at 1.8784, stop 1.8722, pt1 at 1.8816, pt2 at 1.8861

Short GBP/USD at 1.8756, stop at 1.8727, pt1 at 1.8630, pt2 at 1.8588

Trade results - GBP/USD

Short Trade entered:
Lot 1: +26 pips
Lot 2: +0 pips
Total: +26 pips

Long Trade entered:
Lot 1: +26 pips
Lot 2: +77 pips
Total: +103 pips

Day total: +129 pips

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Currency trading involves substantial risk of loss, and thus is not suitable for all investors. You should carefully consider your financial situation before opening a trading account, and only risk capital should be used when trading in these markets. In addition, we recommend you consult your financial advisor to help you determine if currency trading is appropriate for you. Pipcrawler does not provide personal trading advice, and nothing contained in this web site should be construed as personalized trading advice. Although Pipcrawler obtains his information from sources that it deems reliable, no warranty can be given as to the accuracy or the completeness of any of the information provided or as to the results obtained by those using such information. While we believe the information contained herein is accurate, Pipcrawler or his affiliates cannot be held responsible for the accuracy of the information, the timeliness of the transmissions, errors or omissions in the transmission of such information. Any reliance on the information contained within this website in making investment decisions is solely at the risk of the user, and each user shall be solely responsible for any and all losses resulting from such investments. In no event shall Pipcrawler be liable for any direct, indirect, actual, special or consequential damage or losses resulting from the use of the information provided herein.