LEVEL GBP/USD 04 SEPTEMBER 2008

GBP/USD

GBP/USD
Buy Stop 1.7830 TP 1.7860 SL 1.7800
Sell Stop 1.7690 TP 1.7660 SL 1.7720

LEVEL USD/JPY 04 SEPTEMBER 2008

USD/JPY

USD/JPY
Sell Stop 108.00 TP 107.70 SL 108.30
Buy Stop 108.50 TP 108.80 SL 108.20

LEVEL EUR/USD 04 SEPTEMBER 2008

EUR/USD

EUR/USD
Buy Stop 1.4535 TP 1.4565 SL 1.4505
Sell Stop 1.4460 TP 1.4430 SL 1.4490

LEVEL USD/CHF 04 SEPTEMBER 2008

USD/CHF

USD/CHF
Sell Stop 1.1040 TP 1.1030 SL 1.1070
Buy Stop 1.1090 TP 1.1120 SL 1.1060

LEVEL GBP/JPY 04 SEPTEMBER 2008

GBP/JPY

GBP/JPY
Buy Stop 194.00 TP 194.50 SL 193.50
Sell Stop 190.50 TP 190.00 SL 191.00

Essential Elements of a Successful Trader

Many new traders believe all you need to profitably trade foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.

To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge base without taking any shortcuts, thereby assuring a solid foundation to build upon.

LEVEL GBP/USD 02 SEPTEMBER 2008

GBP/USD
GBP/USD
Sell Stop 1.7750 TP 1.7720 SL 1.7780
Buy Stop 1.7850 TP 1.7880 SL 1.7830