For the Sake of Clarity

A reader of this blog was so kind as to comment on the lack of clarity to a non-trader such as he. Frankly, I am honered to receive so much attention from a non-trader; therefore, I intend to honor his feedback. There are two easy, if not also fun, steps one can do to learn the vocabulary and mechanincs of trading; first visit broker's sites, such as http:www.finexo.com, and visit links such as, "Online Forex Info"; and second, open and explore possibilities with a practice account. If the former does not suffice, please be so kind as to specify points not clear to you.

Unusually Slow Week

Only one opportunity on Friday at 4:32 in the morning, my time (Eastern); therefore, no trading on my end apart from my original research. Was so impressed with my research, which produced four winning days out of five with the losing day absorbed by one day's win. My research has advanced to a point to make me seriously wonder about continuing my Diamond Membership with Forex Ambush. I intend to elaborate on my research on upcoming posts.

April 15, 2009: won long on EUR/USD

About 1-1/2% added to smaller account, and 1% to larger account. Due to draw-down, set objective at 4 pips, amount of recommended trailing-stop above posted price of entry, instead of at recommended objective of 20 pips. Felt plenty motivated to abide by safe engineering practice, even a factor of safety.

4 Pips Won on EUR/USD on April 2, 2009

After missed original opportunity on 27th of last month, which was winnable within rules, notice came of modification of order, which implied continuation, was followed by two positions entered in reliance. Consistent with safe engineering practice, namely factor of safety, in form of smaller stake with larger account, namely, total of .9 lot/$7000, and early exits, resulted in average of about about 4 pips or total of about 1/2% growth in medium account, six days later. With larger account, little less than 1% growth with average of about 3 pips due to entering later with more favorable pricing and larger stake of 2.3 lots/$2700.