Monday, August 9, 2010

Forex Trading - Season 2

I've made a decision to trade based on Kuasa Forex trading system, however with some modification. Some of my trading rules:
  1. Trade only for EUR/USD, GBP/USD, GBP/JPY and USD/JPY.
  2. Time frame: 30M.
  3. Determine entry on M1.
Moving average line is included at close price for 5 and 20 period. I'm trading using MetaTrader4 platform, which is good for me.

Trading idea for today: Short GBP/USD at 1.5965 and hold, based on M1 scale.

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