Simple Forex System Trading

I just wrote a post about my search for a second Forex firm besides Oanda not long ago.  One of the critical criteria I was looking at was the firm’s capital.  Thanks to the CFTC website which made the research a lot easier.  Coincidentally, I came across a post on the Oanda forum talking about the same topic – the Forex brokers’ net capital rankings.  It also mentioned that the NFA will raise the capital requirement to 10 million dollars in October, which I was not previously aware.  Many thanks to ForexFigure, a senior member on Oanda, for the excellent post.

Here we go again – another loss of 30 pips.  This month is almost a repeat of last February and it could be worse.

The stop buy of 156.19 was filled at 7:16 AM GMT and in ten minutes or so, we were stopped out.

We somehow can’t stop the stream of losses.  Today is yet another blow to us.  The stop sell of 155.39 was filled at 9:13 GMT.  The price went as low as 155.21 before it turned north.  It’s another 30-pip loss for us.  We need to get out of this twilight zone fast.

This is a curse.  We had another loss of 30 pips.  The stop buy order of 150.7 was filled at 7:00 GMT.  All it took was one minute and we were stopped out.  Dreadful!

It’s a horrible day.  We got stopped out on both sides, a total of loss of 60 pips.  Terrible!