Following events may affect EUR:

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Following events may affect USD:

14:30 – Building Permits
14:30 -Housing Starts
14:30 – Import Prices m/m
15:15 – Capacity Utilization Rate
15:15 – Industrial Production m/m
19:00 – Fed Chairman Bernanke Speaks
19:30 – FOMC Member Evans Speaks
20:00 – FOMC Meeting Minutes

Following events may affect GBP:

10:30 – MPC Meeting Minutes
12:00 – CBI Industrial Order Expectations

Following events may affect JPY:

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Forex pairs respond sensibly to economic news. So it’s a good recommendation to write down the upcoming events for each trading day – a very good source that I use to get the dates of the events for the next days is the Forex Factory Calendar.
If you hold positions for a longer period, then it’s not as important as when you are daytrading and hold positions only for a short time. In that case you must keep track of the events for this day and stop trading before and after …

What is pyramiding? Investopedia says:
“A method of increasing a position size by using unrealized profits from successful trades to increase margin.”
So what does this mean?
When you take a look at the examples on how to trade Point and Figure Charts you will see that I opened new positions along the way down or up the trend. I have made some profits with my former positions, which I have not yet realized – but I could in any second, if I would like to! So I treat this unrealized profits like …

The following events may affect EUR pairs:

11:00 – German ZEW Economic Sentiment
11:00 – ZEW Economic Sentiment
11:00 – Trade Balance

The following events may affect USD pairs:

14:30 – Empire State Manufacturing Index
15:00 – TIC Long-Term Purchases
19:00 – NAHB Housing Market Index

The following events may affect JPY pairs:

00:50 – Tertiary Industry Activity m/m

The following events may affect GBP pairs:

10:30 – CPI y/y
10:30 – Core CPI y/y
10:30 – DCLG HPI y/y
10:30 – RPI y/y
19:30 – MPC Member Besley Speaks

I have reduced the pairs I traded a lot since the beginning of my trading. The …

Today has been a very illiquid day for the Forex market. Due to the bank holidays in the USA. Trading was no fun at all, the markets made no significant movements. The only movement it made today has been against my position and I didn’t get a second signal to cover my loss.
So the next time there will be a banking holiday, I will totally keep out of the markets! Lesson learned.