7
2009
December is upon us…
An article by 
Hey everyone well December is finally upon us and it seems to be messing with me a bit here. Last week I was actually quite lucky and made about 200 pips, I used the 4H breakout and a mix of moving averages to enter trades. For the 4H breakout I used the same strategy as always and set my take profit at TP1. For the moving averages I did it a bit different and actually set trailing stops which I rarely do just because I get a bit confused by them. I set it to 100 pips trailing and got a nice trade out of it. Wish I had set it longer since the trade kept going another 200 pips or so, but oh well what can I do.
I know I have been promising a new video but have just been extremely busy with other things and have just had no time to do it, I do plan to do ti by this week since I am done with a lot of my stuff by Wednesday.
On another note this week got off to a nice start with a hit of TP1 on the short side for 71 pips, and seems to be going down to TP2. Looking at the moving averages it all seems to be aligning to go down even more and the news I have read shows the same trend. This is most likely due to last weeks rebound after a large spike. Overall this year has been a bad year for the Yen since it has been crashing nonstop since 2008, which can be seen if looking at the daily or weekly charts.
We will see what else we can get out of this market since my last week of trading for the day is December 18, because the week after that is Christmas and I never trade that week due to low volatility and then New Years following that just a bad mix.
Overall this has been a good year for me not only with trading but expanding my networks, hopefully everyone here is a part of the Forex4noobs.com community and reads the site daily, I contribute to the forums a lot more often than blogs since it is just easier. Also follow me on Twitter.com/GusForex and I am working on a facebook page to come up soon.
Thank you all who have helped me get here and I hope I ahve at least helped people out there in some possible way.
Thank You,
Gus
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About the Author: Gustavo Feliciano
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Hi Gus
We have 2 things in common, forex4noobs and a name but hey ho.
A thank you for sharing your method(s) which I have been paper trading for the past 2 months and consistently made positive pips, this after a period when I almost started to despair.
I have been trading for around 12 months and started pretty well up 40% after 3-months, then I slightly changed my trading method and lost lost lost. Despite going back to my original trading plan / method I had hit a wall.
Your 4h – 15min and MA methods have proved to be very accurate indicators and my confidence is coming back.
Thanks for taking the time to share and have a great Christmas.
Come on 2010 posi pips only.
Best Wishes Neil
Hey glad to know I was helpful, yeah I have lost plenty of money, but you just have to take it one day at a time.
And 2010 is going to be the year of pips for us.
Gus
What a wonderful blog! Please continue this great work I will be sure to check back regularly…
I’ll gear this review to 2 types of people: current forex traders who are considering an upgrade, and people trying to decide between forex and stocks.
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