Profitable forex strategy. Review of forex autopilot. Forex simulator trading
Profitable Forex Strategy
profitable
- yielding material gain or profit; "profitable speculation on the stock market"
- (profit) the advantageous quality of being beneficial
- Beneficial; useful
- (profit) derive a benefit from; "She profited from his vast experience"
- (of a business or activity) Yielding profit or financial gain
strategy
- The art of planning and directing overall military operations and movements in a war or battle
- the branch of military science dealing with military command and the planning and conduct of a war
- (strategical) strategic: relating to or concerned with strategy; "strategic weapon"; "the islands are of strategic importance"; "strategic considerations"
- A plan of action or policy designed to achieve a major or overall aim
- A plan for such military operations and movements
- scheme: an elaborate and systematic plan of action
forex
- The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies.
- Foreign exchange
- The market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors.
- The foreign exchange (also known as "forex" or "FX") market is the place where currencies are traded. The overall forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world.
Elliott wave analysis of the week - November 14, 2009
From the analysis of my trading performance I posted on November 12th, I have decided that the current market is rather confusing than profitable. There has been a lot of temptation to pull the trigger, but most of them were false alarm, and I am currently expecting this condition lasts towards the end of November no matter whether USD goes up or down even by 300pips in EURUSD measurement. It's just not worth spending time and energy at least with my current strategy. And I am too lazy or busy with other things to adopt other strategy. Since I am expecting a good market condition will come within a few weeks, I would just sit tight, and wait for the signal of the big wave. What is the signal then? I am closely watching the US dollar index to either break November 3rd's 76.80 up, or touch 73.97 level. If you see the labels of the chart, you would know what I am thinking.
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