The weekend gone I attended Simon Grinter’s Forex seminar. For those who check in on the website you’ll find that I’ve been thinking about attending Simon’s seminar for a while. I’ve been following Simon’s work for a long time now when he started trading the Dax and now Forex. He had a blog where he would post his trades and he was always doing very well. His current Forex blog shows results of his trading sessions and there seems to be a lot of profit being made:

http://www.s3scores.blogspot.com/

Simon teaches a few of his systems and together they provide you with a good arsenal of strategies to trade with. However, one thing which you need to be aware is that although the systems are great, the one thing that no one can teach you is trading psychology… there is a good discussion on trading psychology but this is something which you need to develop yourself and this does take time.

Simon currently offers a seminar to learn his methods and/or a chat room where he gives out live trades.  

I logged on into the chat room today and he gave a live trade, a short of the EURJPY and it made target. However, I work a 9-to-5 job so have no speakers and didn’t hear what he was talking about. However, someone else was kind enough to relay to me what was going on.

I recommend having a look at Simon’s methods. He offers a 14 day free trial of his chat room so you can see follow his trades. If you’re happy you can continue with the chat room or even sign up to his seminar to learn the methods and get life time access to the chat room. If after 14 days you’re not impressed, you can cancel and lose nothing. In addition, Simon offers a guarantee on his seminar, if you don’t make 20% on your account after 60 days then he will give you a full refund!

To sign up for the free trial, visit http://www.rainbowforex.com/ and put in your details. You can download some free ebooks from here, sign up for the chat room or seminar from here.

Tags: daytrade, daytrading, forex seminar, futures, investing, makemesomemoney, simon grinter, Trading, trading blog, trading psychology, trading seminar

Following on from the previous post, there was a breakdown of the downward pattern and I went long at 1357. The stochastics were looking good in both the 1 and 5 mins so I went for it.

However, I took profit at 1359 as the stochastics were looking to cross as you can see in the chart.. the market may well go higher as the stochastics have more to go in the 5 mins but I don’t want to risk it!

I got +2 points which isn’t a bad result!

Tags: daytrade, daytrading, emini, futures, investing, makemesomemoney, s&p, standard and poor, Trading, trading blog, trading mistakes, trading psychology

As I mentioned, I am watching price action on the S&P and I missed a great trade. If you look at the black upwards trendline I have drawn on the chart, you will see that the market used this as support as it made it’s way up a few times. It then broke this support line and chopped for a bit even bouncing off this as overhead resistance… this would have been a good short or, to await for confirmation, a break below 1362. The market then just fell and there would have been some great profits for the bagging!

Unfortunately, I missed this completely and had to sit and watch…

Tags: day trade, daytrading, emini, es, makemesomemoney, position trading, price action, s&p, Spreadbetting, standard and poor, stochastics, technical analysis, Trading, trading system