Posts Tagged profit

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

Library of FREE Forex trading systems

Well, the US market is closed today and I'm still on the live account.. phew! As there's not much trading, I thought I'd spend some time doing research. As you know, I also look at Forex and I found a forum with a whole heap of free trading systems: http://forexfactory.com/forumdisplay.php?f=71 In addition,  a lot of people use the Metatrader platform which is great in that you can add what are called Expert Advisors which are essentially automated trading systems.. they open and clos

January 21, 2008 1 Comment Full Story

7th January – S&P Emini trading – another winning day, can I keep it up?

7th January - S&P Emini trading - another winning day, can I keep it up?

I was anticipating my first entry at around 19:00 GMT when the market was bouncing up. I was hoping for an entry at around 142500 (or just below) as this was the 5 day MA. I was a bit cautious and wanted to wait for this level as the stochastics were already in the oversold region. However, the bounce only made it to 142400 before dropping and therefore no entry this time.The 15 min chart is showing a short for both MACD and stochastics. I will see if there is another chance for entry… th

January 7, 2008 No Comments Full Story