Forex Trading Blog 30nov09 up 3.2% for the day

Forex Trading Blog 30nov09 up 3.2% for the day up 48.6% for the month

Glad to start the week on the right footing

Mojo technical signals flashed a short signal for GBPUSD around 1.6540 level today so i entered short position at 1.6539 (slower by 1 pip which cost me USD10 bucks man hehe)

anyway, pleased with the outcome as the pair struggled for about 10minutes before sliding down rapidly…..i am usually not very patient when it comes to trading forex so i prefer to trade shorter time frame. so far, i am quite comfortable with the mojo combo signals using 5minute chart.

as i rode the downward momentum, i started taking partial profits along the way and closed all positions within an hour for USD232 profit.

check point for today : up 3.2% for the day, up 48.6% for the month

see attached file for trades entered today

cheers

rooney