Archive for February, 2009

FXCM Forex Selector Update

FXCM Forex Selector Update

For those following, I mentioned that I signed up for the free 30 day trial of the FXCM System Selector and attached the TrendEscape trading system to it for the GBPUSD and GBPJPY forex pairs. Yesterday when I checked, I was about $2000 down from the demo portfolio.. it started at $100,000. The last trades where a short of both the two pairs which amount to losses. Right now, the account has dropped further.. another $1000 and the current live trades are slightly down at $100 loss or so....

February 27, 2009 No Comments Full Story

GBPJPY trade – detailed trade analysis

GBPJPY trade - detailed trade analysis

My trading of late hasn't been particularly good..  I know I haven't updated the blog with these trades but in total, I had traded 6 times with a total loss of around 500 pips! Ouch! Anyway, last night, I sat and spent a lot of time thinking... where did I go wrong? What happened to the success I was having? I think the key to being successful is to be adaptable... the trading rules change when the markets change.. you need to have a trading strategy for trending markets and ranging marke

February 27, 2009 No Comments Full Story

Automated Forex Trading System – FXCM

Automated Forex Trading System - FXCM

I am finding trading quite difficult lately.. the techniques which I have been trading with have not been doing so well and as a result, my account has plummetted. I wrote around December/January time that my account had reached all time highs.. the market was really good with me and I made a killing.. however, the market has changed and what I was doing which worked before, doesn't work any more... trading really is tough! Also, it is hard to find the time to stalk and wait for these opportu

February 25, 2009 2 Comments Full Story

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