Posts
Sell 1.2663
Take Profit 1.2653
WIN : 27 Feb 2009 Update - Take profit executed at 1.2653 for 10 pips (my personal scalping profit target is 10 pips) profit just after thirty minutes.
EURUSD Trade - SCALP
27 Feb 09
Sell 1.2663
Take Profit 1.2653
WIN : 27 Feb 2009 Update - Take profit executed at 1.2653 for 10 pips (my personal scalping profit target is 10 pips) profit just after thirty minutes.
This course made it all possible!
Sell 1.2663
Take Profit 1.2653
WIN : 27 Feb 2009 Update - Take profit executed at 1.2653 for 10 pips (my personal scalping profit target is 10 pips) profit just after thirty minutes.
EURUSD - SCALP
27 Feb 2009
Buy 1.2737
Take Profit 1.2747 (10 pips)
WIN : 27 Feb 2009 Update - Take profit executed at 1.2768 for 10 pips (my personal scalping profit target is 10 pips) profit just after twenty minutes.
This course made it all possible!
Buy 1.2737
Take Profit 1.2747 (10 pips)
WIN : 27 Feb 2009 Update - Take profit executed at 1.2768 for 10 pips (my personal scalping profit target is 10 pips) profit just after twenty minutes.
EURUSD - SCALP
27 Feb 2009
Sell 1.2724
Take Profit 1.2714 (10 pips)
WIN : 27 Feb 2009 Update - Take profit executed at 1.2768 for 10 pips profit just after half hour.
This course made it all possible!
Sell 1.2724
Take Profit 1.2714 (10 pips)
WIN : 27 Feb 2009 Update - Take profit executed at 1.2768 for 10 pips profit just after half hour.
EURUSD Trade - SCALP
26 Feb 2009
Sell 1.2778
Take Profit 1.2768
WIN : 26 Feb 2009 Update - Take profit executed at 1.2768 for 10 pips profit.
This course made trading so SIMPLE!
Sell 1.2778
Take Profit 1.2768
WIN : 26 Feb 2009 Update - Take profit executed at 1.2768 for 10 pips profit.
EURUSD Trade - SCALP
26 Feb 2009
Sell 1.2759
Take Profit 1.2749
WIN : 26 Feb 2009 Update - Take profit executed at 1.2749 for 10 pips profit.
This course made trading so SIMPLE!
Sell 1.2759
Take Profit 1.2749
WIN : 26 Feb 2009 Update - Take profit executed at 1.2749 for 10 pips profit.
USDCHF Trade
26 Feb 2009
Stop Loss 1.1765 (50 pips)
Sell 1.1715
Take Profit 1.1615 (100 pips)
WIN : 26 Feb 2009 Update - Take profit executed at 1.1615 for 100 pips profit.
Stop Loss 1.1765 (50 pips)
Sell 1.1715
Take Profit 1.1615 (100 pips)
WIN : 26 Feb 2009 Update - Take profit executed at 1.1615 for 100 pips profit.
Trading is a learning curve
Do you actually believe that you have learned it all in trading? I don't. Trading is a continuous learning curve and after almost 6 years of trading, I am still learning new things. Most of which, I am making my entry and exit simpler than before. I use no more than 2 indicators for my short term trades.
I really believe that the market is vicious and I have to continue to stay "humble" before the market to get the best out of it.
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
I really believe that the market is vicious and I have to continue to stay "humble" before the market to get the best out of it.
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
EURUSD Trade
24, Feb 2009
Stop Loss 1.2795 (50 pips)
Sell 1.2745
Take Profit 1.2645 (100 pips)
LOSS : 24 Feb 2009, -50 pips
See the WINNING trades.
Stop Loss 1.2795 (50 pips)
Sell 1.2745
Take Profit 1.2645 (100 pips)
LOSS : 24 Feb 2009, -50 pips
See the WINNING trades.
USDJPY Trade
24, Feb 2009
Stop Loss 94.46 (50 pips)
Sell 94.96
Take Profit 95.96 (100 pips)
: 24 Feb 2009 Update - It is making a gain of about 90 pips now and I have changed my stop loss to 95.46 to lock in 50pips profit while changing the take profit to be 96.16. This trade is now set to gain either 50 pips or 120 pips profit. Both profitable, only question is how big it's going to be.
24 Feb 2009 Update - position closed at 96.16 (revised take profit), pocketing 120 pips in profit.
This course made it all possible!
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Stop Loss 94.46 (50 pips)
Sell 94.96
Take Profit 95.96 (100 pips)
: 24 Feb 2009 Update - It is making a gain of about 90 pips now and I have changed my stop loss to 95.46 to lock in 50pips profit while changing the take profit to be 96.16. This trade is now set to gain either 50 pips or 120 pips profit. Both profitable, only question is how big it's going to be.
24 Feb 2009 Update - position closed at 96.16 (revised take profit), pocketing 120 pips in profit.
This course made it all possible!
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
EURUSD Trade - SCALP
24 Feb 2009
Stop Loss
Sell 1.2714
Take Profit 1.2704 (10 pips)
WIN : 24 Feb 2009 Update - Take profit executed at 1.2704 for 10 pips profit. I normally scalp for 10 pips...I call it "stealing from the market". It has to be really precise and before I do that, I have to be very certain that it's almost a 100% win as scalping is short term, fast and if market shifts on the opposite direction, it will be really risky!
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Stop Loss
Sell 1.2714
Take Profit 1.2704 (10 pips)
WIN : 24 Feb 2009 Update - Take profit executed at 1.2704 for 10 pips profit. I normally scalp for 10 pips...I call it "stealing from the market". It has to be really precise and before I do that, I have to be very certain that it's almost a 100% win as scalping is short term, fast and if market shifts on the opposite direction, it will be really risky!
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Forex Robots
Does Forex Robots work? Although a finance profession by qualification, I spent some time doing IT consulting, using IT as a solution for our otherwise manual work. So, I do believe to a certain extent, technology is able to help us identify trade opportunities.
But does it mean that with automated forex trading system, we can all sit back and relax? I doubt so! Most Forex automated trading systems are properly tested (so we think) in a period of time and then, put out in the market to "sell". It does work but just like your manual strategies, as time goes by when the market behavior starts to change or that the sentiment is different, it is also time to tweak your strategy. And the same goes for using an automated trading software, there are times when the software is not suitable for the market condition and you will just have to stop using it for awhile till the automated strategy is suitable again.
I personally adopt about three automated forex trading software and so far, they have been profitable, except one of them, which I had to stop using in late 2007 because of the market condition that didn't seem to be that suitable anymore. So, even though it's automated, it is also important to have a basic understanding how that automation works and assess whether it's suitable for the market condition.
There are different market cycles and sometimes, it's best to just put the forex robots on HOLD first until it's suitable to be used again.
Recently, I started testing another forex trading tool, it has been about one month and I will post the results once I conclude with the result performance.
Be sure to always visit my site for updates!
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
But does it mean that with automated forex trading system, we can all sit back and relax? I doubt so! Most Forex automated trading systems are properly tested (so we think) in a period of time and then, put out in the market to "sell". It does work but just like your manual strategies, as time goes by when the market behavior starts to change or that the sentiment is different, it is also time to tweak your strategy. And the same goes for using an automated trading software, there are times when the software is not suitable for the market condition and you will just have to stop using it for awhile till the automated strategy is suitable again.
I personally adopt about three automated forex trading software and so far, they have been profitable, except one of them, which I had to stop using in late 2007 because of the market condition that didn't seem to be that suitable anymore. So, even though it's automated, it is also important to have a basic understanding how that automation works and assess whether it's suitable for the market condition.
There are different market cycles and sometimes, it's best to just put the forex robots on HOLD first until it's suitable to be used again.
Recently, I started testing another forex trading tool, it has been about one month and I will post the results once I conclude with the result performance.
Be sure to always visit my site for updates!
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Scalping
Scalping the market has always been a very "stressful exercise" for me. Watching for opportunities on a 5 minute chart is not only intense but really fast moving. However, I have been scalping the market since mid of 2008 with such uncertainty in the market and it has proven to be very effective to place my trade on a short term basis.
Timing of entry on such short term trade must be precise and exact to gain the best returns. The currency to trade must be of low spread, so EURUSD is really my choice of trade, although GBPUSD is usually much more volatile, with larger movements (good with profits but also comes with greater risk).
I will share with you with trade results of this technique that I'm using. A little difficult to show the actual results as I'm trading this strategy with my other strategies, so it's really difficult to segment out the results of scalping on my account.
I took a EURUSD 10 pips scalp position earlier and here's a print screen of my trade :
About one hour later, the position closed with my 10 pips gain in scalping.
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Timing of entry on such short term trade must be precise and exact to gain the best returns. The currency to trade must be of low spread, so EURUSD is really my choice of trade, although GBPUSD is usually much more volatile, with larger movements (good with profits but also comes with greater risk).
I will share with you with trade results of this technique that I'm using. A little difficult to show the actual results as I'm trading this strategy with my other strategies, so it's really difficult to segment out the results of scalping on my account.
I took a EURUSD 10 pips scalp position earlier and here's a print screen of my trade :
About one hour later, the position closed with my 10 pips gain in scalping.
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
USDJPY Trade
23 Feb 2009
Stop Loss 93.11 (50 pips)
Buy 93.61
Take Profit 94.61 (100 pips)
WIN : 23 Feb 2009 Update - Take profit executed at 94.61 for 100 pips profit.
This course made it all possible!
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Stop Loss 93.11 (50 pips)
Buy 93.61
Take Profit 94.61 (100 pips)
WIN : 23 Feb 2009 Update - Take profit executed at 94.61 for 100 pips profit.
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
USDCHF Trade
23 Feb 2009
Stop Loss 1.1617 (40 pips)
Sell 1.1577
Take Profit 1.1482 (95 pips)
WIN : 23 Feb 2009 Update - Take profit executed at 1.1482 for 95 pips profit.
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Stop Loss 1.1617 (40 pips)
Sell 1.1577
Take Profit 1.1482 (95 pips)
WIN : 23 Feb 2009 Update - Take profit executed at 1.1482 for 95 pips profit.
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Best Course ever INVESTED!
This is one of the best strategy course I've invested as it's simple to use and takes very little of my time to identify entry and exit point. It offers 3 different approaches to currency trading and it's so easy to apply it.
Great for beginners and since it adopts similar approach as my own trade strategy, I find this method to be really effective as there is no complex multiple indicators to watch and "GET CONFUSED OVER"!!! :)
Three strategies will be introduced in the most simplistic and effective way (through video and guidebook). You will learn Swing trading, Breakout trading and trading with key economic news.
Some of my own personal trades using this strategy :
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Great for beginners and since it adopts similar approach as my own trade strategy, I find this method to be really effective as there is no complex multiple indicators to watch and "GET CONFUSED OVER"!!! :)
Three strategies will be introduced in the most simplistic and effective way (through video and guidebook). You will learn Swing trading, Breakout trading and trading with key economic news.
Some of my own personal trades using this strategy :
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
EURUSD Trade
9 Feb, 2009
Stop Loss 1.2984 (35 pips)
Sell 1.2949
Take Profit 1.2879 (70 pips)
WIN : 9 Feb 2009 Update - Take profit executed at 1.2879 for 100 pips profit.
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
Stop Loss 1.2984 (35 pips)
Sell 1.2949
Take Profit 1.2879 (70 pips)
WIN : 9 Feb 2009 Update - Take profit executed at 1.2879 for 100 pips profit.
Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.
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