GJ is an extremely volatile pair and requires extreme caution handling it, I have stuck to this pair for over 7 months, learning every swing move it makes, every indicator which it truly adjusts to and the best timeframes over which it can be ...

ForexLion's Journal

Excellent photo finish for friday, closed 800 pips on friday, first to S1 then somewhat near pivot. Account balance now stands at $12.36 who says $1 cannot be traded. Also designed a 25 pip scalper ea with 25 pip sl for handling GJ as and when i ...

ForexLion's Journal

Change from demo to Live — The above account balance stands at $1374 demo. Someone here had a doubt that only traders with large account size with huge margins manage to earn in forex, small traders do not. So here I go trading GBPJPY on a ...

ForexLion's Journal

Oanda has starting account size of $1 for starters, and I need not say anything about their credentials.

trading systems vs account size

I can turn $1 to $100 by using no more than 1% margin in a little over 60 trading days, have done it many many times. Just trade strong trends, else do not trade at all, sit idle and wait for the next trend move.

trading systems vs account size

Monday, August 6 — Since multiple trades were opened and closed, they cannot be posted here in total, so I am just adding a summary here. Summary: Deposit/Withdrawal: 250.00 Credit Facility: 0.00 Closed Trade P/L: 285.36 Floating P/L: 0.00 ...

ForexLion's Journal

Between 1.2600 and 1.3000 is the most appropriate option

where will the EURUSD be on Jan1?

My news source was url Guess I should pay more attention to technicals than listening to rumor's .

US Trade balance today

GU enters new trade channel with break of 50.0% around 9020, trend down. As is clear here, we expect a small bounce off 8953. At 78.2% we had 2 options, 1) to enter the top channel and trend up or enter the down channel and trend down. With GBP rate ...

GBPUSD

1) Trade deficit expected in excess of 70 bio 2)huge Chinese trade surplus which was spurred by a light increase in imports. Since this will have a negative impact on the dollar, I am expecting a spike here, whether this spike happens or not is to ...

GBPUSD

GU was rejected yet again off 50.0% around 9025 ; which specifically prepares it for the trade balance report, and with expectations strife on a weaker $$ Strangely GU is gone totally against the best readings of an overbought market. And has been ...

GBPUSD

GU was rejected by 9074 hitting SL @ 9060 in green. Since we have a rate hike as expected, we can expect weakness in GBP for this month. The next bit of news which comes in is the USD trade balance and rumours are strife about a worse than expected ...

GBPUSD

Quite possible, that is the reason why i have a long close @ 9089 and short open @ 9090 as discussed earlier.

GBPUSD

wow GU did move 1 pip

UK Trade Balance Today

The way we have seen the current price action, 9400 seems possible, because GU refused to budge below 9000 level in 4 full days, which is very surprising at this level. Even more surprising was the way it rebounded from 8953 that too in Asian ...

GBPUSD

Now since we are in a confirmed channel trade on 1 hour charts, I have a long exit @ 9089 and short entry @ 9090 with tight SL. 9090 also happens to be closest to a fib level and I expect a bounce off here.

GBPUSD

Why do I have to be correct always GU went right through 78.2% as if programmed to do so.

GBPUSD

As expected, we enjoyed a nice overnight short from 9060 to 9035, and now its bounced back to almost 78.2%. GU has entered a channel mode, with slow upwards move towards 78.2% which if broken could lead us to 9074 level.

GBPUSD