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While filling in the Registration Form, you have to choose a Username and Password for yourself. Users should remember which Username and Password they have chosen as these are used to provide access to subscribers' areas on the website, related to the "FX Thoughts for the Day" service . If you forget them, however, you can write to us at info@kshitij.com or at mail@kshitij.com and we shall give them to you again.

Deal-by-deal details of the Trade Performance records can be accessed at http://www.kshitij.com/fx/sumwoc0506.htm

"At a Glance" (details below) can be accessed at http://www.kshitij.com/fx/aag.html

This service can be used either in conjunction with or independent of the FX Thoughts comments, forecasts and trade signal. It may be noted, however, that the FX Thoughts comments, forecasts and trade signal are quite often based on the levels given in "At a Glance"

For FAQs on how to use the "At a Glance" feature, please click on http://www.kshitij.com/fxthoughts/aag.shtml

R - 3 to 4 levels of Resistances, proceeding to the right from the nearest to the farthest.
S - 3 to 4 levels of Supports, proceeding to the right from the nearest to the farthest
SL - Stop Loss
TP - Take Profit
TSL - Trailing Stop Loss
MA - Moving Average

Commentary
The commentary contains our reading of the market movements over the next few hours or days or weeks. This is free flowing commentary, an expression of what we see in the market at the time of writing. The reading may/ may not give rise to a trade idea. In case there is a trade idea it is spelt out afterwards, as illustrated below.

Trade:
This is a position entered into AT the time of writing, at the then prevailing market rate.
Example:
AUD-USD @ 0.7378/83….Buy for 0.7425-37
-------------------------------------------------------
Trade:
Buy AUD 30K at current level, SL 0.7344, TP 0.7430

Here, AUD 30,000 is bought against the USD at 0.7383 (Offer side of the market rate at the time of writing).

Holding:
This is a reference to a position that has been entered into earlier, either through the execution of an Order, or by entering into an at-the-market Trade

Example, from the above Trade:
Holding:
AUD 30K Long at 0.7383, SL 0.7344, TP 0.7430

Order:
This is an Order placed in the market to either Buy or Sell at a price which is at least some distance away (usually 10-20 pips or more) from the market rate prevailing at the time of writing. The probable market conditions and bid-offer spreads etc are taken into consideration while framing the Orders and Users are to place the Orders exactly as mentioned

Suppose, the AUD-USD is trading at 0.7378/83 and we wish to sell on a rally to 0.7435, we may place an Order thus:
Order:
Sell AUD 30K at 0.7435, SL 0.7465, TP 0.7390

Exit Trade:
We might sometimes want to exit a trade (position) at the market, before the predetermined SL or TP is hit.Then we would write as follows:

Exit Trade:
Exit at current level the AUD 30K Long entered at 0.7383

Assuming the market is 0.7396/7401 at the time of exiting the trade, the Bid side (0.7396) will be taken as the Exit Rate.

Treatment of Pending Order - An Order, once placed, may either get executed or may remain unexecuted. If an Order is triggered, it gets converted into a Position and is shown under "Holding" in the next update, assuming it has not been either stopped out nor has profit been booked on it. In case an Order is not triggered, it may be retained (either in its original or in a modified form) or may be discarded/ cancelled/ taken back in the next Morning or Evening update. If it is not shown as retained under Order, or is not mentioned at all, it is assumed to have been withdrawn. Thus, Orders are not GTC (good till cancelled). Rather they are taken as cancelled unless retained or renewed.

Thus, we trade EUR 20,000/- when trading EUR-USD or EUR-JPY Similarly we trade GBP 15,000/- in GBP-USD and AUD 30,000/- in AUD-USD.

We tend to keep Leverage very low, between 2-5 times and advise all Traders to avoid the temptation of huge leverages.

A summary of Trading Performance since Sep-02 can be viewed at http://www.kshitij.com/fxthoughts/performance.shtml

Deal-wise details of each year's trading performance can be viewed by following the relevant links on the above page or by clicking, for example for Sep-05 to Aug-06, on http://www.kshitij.com/fx/sumwoc0506.htm

NOTE that you need to be a Registered User and key in your Username and Password to be able to see the deal-wise details. For details on Registration, Username and Password, click here.