July 7, 2009

Market Raider Plus

Tuesday 7th July

I decided yesterday that I would go for more than just the cable market with Market Raider Plus. I’m used to having six graphs open for Tufxp so it makes sense to me to have six open for MRP too. This will give me more trading opportunities as I’ve noticed there aren’t as many signals per graph as I’m used to with tufxp. But having thirteen currency pairs open is a bit of a stretch so I opted to monitor GBPUSD, EURUSD, EURGBP, USDJPY, GBPJPY, EURJPY. I’m interested in the Japanese markets because I’ve heard good things about them with tufxp too.

The only problem with MRP, well it’s not really a problem for the trader but could be a problem for me, is that if I miss trading on a day, you can’t go back and find the trade signals to report qualified trades here on the blog as each chart only shows the current trades open or the trade that has just closed. Sometimes I’m not available to trade, like this morning I was in a governors meeting at the local school until 2pm, so if I’m not available to trade I can’t report on all the trades that would have been available. So I can only report on the trades I see when I look. Most days I will be trading so it shouldn’t be a problem.

So anyway, I loaded up the charts this afternoon and found an 82 pip winner on GBPJPY:

I entered a trade on EURJPY that made an 8 pip loss:

And a trade on EURUSD that made 8 pips profit:

Filed under Forex,Spread Betting by Graham

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