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Rajesh Gill – ‘The 7 to 7 Man’

It has come out in the news recently how Rajesh Gill, known in the City as the "Seven to Seven Man" as he managed to turn a starting post of £7,000 into £7 million in 2 years, had been awarded £20 million by MF Global, his broker for deceiving him about the losses that he was making which resulted in him almost wiping out his account. I find this story incredible for a couple of reasons. Firstly, the fact that he was able to turn £7,000 into £7 million in such a short space of time.

May 7, 2009 No Comments Full Story

10 winning trades in a row…

10 winning trades in a row...

Yes believe it or not... I have a 10 straight win success rate so far with my trading. I just closed my GBPJPY trade for 35 points. It could lower from here (and probably will) but I have taken my profits. I went short at 14863 and got out at 14828. The reason why I took profits was that I expected a greater breakdown of the price action below 14832 which was the previous intraday bottom.. it sell below this and just stalled. Usually, a break above the previous low would mean a very quick fal

May 7, 2009 No Comments Full Story

Trading the Forex markets and being nervous!

Trading the Forex markets and being nervous!

I have had 8 winning trades in a row and I'm starting to get a little nervous. Generally I know that I am about 60% correct so a loss is due at some stage.... each time I am trading I am aware of this and this makes me a little nervous. Anyway, I went long the GBPJPY at 14581 when it breached the downward trend (as indicated in the chart below). My stop was at 14545 and my first target was 14620. The market shot up and I got nervous... it shot up too quickly and with a surge like this, I expe

April 30, 2009 No Comments Full Story

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