Demark Expert Advisor Sold GBP/CHF @ 1.9694 Today

Ambitious! That's the word to describe my Demark Expert Advisor today... my Demark auto forex trading system software shorted GBP/CHF @ 1.9694 with four targets between 1.9160 to 1.9375. The EA was looking for a 320 pips target on my first Target Profit which didn't materialize.

My live forex account was gaining a total of 400 pips and I decided to trailstop them in case of any reversal. Well, strong reversal begun at 1.9579 and rite now the pair is floating around 1.9880. I only managed to book a total of 14 pips in total because of this reversal. Remember this, never ever let winning trades to turn out to be a losers yeah...at least i still made money in today's trade...

Past Tuesday and Wednesday I hope some of you made money shorting this pair. My Demark Expert Advisor didn't open any short trades as the added filters didn't give good signal to it to enter positions.

Tomorrow is Friday and I love trading forex on this day especially on the short side. Profit taking is always happening on Friday when most traders close all their positions to cash out their profits. If you are new, don't worry about holding open positions going into the weekend. It is fine as long as you know what you are doing. When I first started, most traders i know will advise me not to trade on Friday or hold positions into the weekend. As time goes by, I think it's all craps!

Let's hope we have a good short trade signal on GBP/CHF tomorrow...

At the mean time, here is my screenshot of the trades opened by the Demark EA auto forex system few hours back...

Labels: ,

Subscribe via email

Enter your email address:

Delivered by FeedBurner

Disclaimer & Risk Warning! Please Read!

The risk of loss in trading foreign exchange (forex) can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in forex trading can work against you as well for you. The use of leverage can lead to large losses as well as gains.

Forex trading offers large potential rewards, but also large potential risk. You must be aware of the risk and be willing to accept them in order to invest in the Forex market. Don`t trade with money you cannot afford to lose.

We at autopips.blogspot.com work hard to provide our customers with a rewarding Automatic Forex Trading System. But we also know that there is nothing like a "Holy Grail" and no single system is perfect.

By using our automatic system (DeMarkTrader Expert Advisor) you agree to hold autopips.blogspot.com and anyone involved in the development, production and distribution of any system/strategy purchased through autopips.blogspot.com free of any responsibility or liability for any losses sustained while trading with live funds. Any live trading that you do, be it manual or automated, you do so at your own risk and discretion. Forex is a risky business. You can lose large sums of money by taking the risk of trading in the live market. autopips.blogspot.com shall not be held responsible for any losses that you might incur during any trades.

The past performance of DeMark Expert Advisor is not necessarily indicative of future results. No guarantee is made that you will be able to replicate the same results.

This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the offered products or services referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.

Disclaimer for External Links:

Links are being provided as a convenience and for informational purposes only. They do not constitute an implicit or explicit endorsement or an approval by autopips.blogspot.com of any of the products, services or opinions of the corporation, organization, or individual.

autopips.blogspot.com bears no responsibility for the accuracy, content, or any other matter related to the external site or for that of subsequent links. Contact the external site for answers to questions regarding its content.