Forex Trading May 2014 – Week 2

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Starting balance: $491.25 Now: $518.27 Profit $27.02 Account increase: +5.5% 10 trades: 3 losses, 2 breakeven, 5 wins Overall for the month so far: +12.9%

Forex Trading Update May 2014 - Week 1

1 week of trading, May 5 - 9

The markets these past few months have been pretty abysmal, with tight ranges in GBPUSD and in particular EURUSD I’ve been watching and trading other currency pairs (namely GBPCAD, GBPJPY and also Gold). I wanted to show week’s trades (May 5 - 9) as it was the first sign that the strategy I have been [...]

Forex - March 31 Monday 2014 GU Short -20

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  So annoyed with myself over this trade! Red arrow was where I took the short after confirming down 2 candles previous. It managed to get to about 38.8 pips, just a little more than a pip away from my take profit before it shot back up. I was well aware Janet Yellen was making [...]

Forex - February 27 Wednesday 2014 +16

  Odd this one, possibly not the smartest trade. Took it right outside of the NY box, the level was chosen as it was a previous high from last week and had multiple tests to the level. Left the trade running right until the Asia open. Was +16 in profit, so not all bad. Not [...]

Forex - February 24 Monday 2014 +40

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Loved this trade. Pretty much perfect in terms of DTFL setup and the effortless run down to grab +40 pips in the space of a couple of hours. The level was a high set two days prior during the Asia session and had been tested a few times prior.  

Forex - February 20 Thursday 2014 +40

GU long 20-2-14

  First win trade of February (out of two, been away so didn’t trade for two weeks) G/U long during the London session, the level 1.6445 was the low of the previous day and had also been tested a week prior. There was a stoprun made and the 5th candle confirmed up, the following candle [...]

Forex - February 18 Tuesday 2014 - GU Short -20

EU short 1802014

Took this short trade during the London session, the level was set by the day’s Asian high and had been tested the past few days. Valid setup and pullback, just didn’t go in the right direction. Sterling confirmed there was nothing wrong with the trade. -20 pips  

January Forex Trading Roundup

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I started tracking my trades on a calendar since trading live in January and made posts out of the notable ones and will do a monthly roundup of win, losses and BEs (break evens) at the end of each month. Wins: 2 - 2 x 40 pips Losses: 4 - 2 x 20 pips BEs: [...]

Forex - January 22 Wednesday 2014 - USD/CHF Short BE+1

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The Swissy looked like it had completed its weekly cycle up with a push back down on Monday, so my bias was towards the downside. I took the short at 0.9113 with the sig level at 0.9117 - however it has been confirmed that it was a weak level, but correct DTFL setup and and [...]

Forex - January 21 Monday 2014 - EU Short -20

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  I took this EU short during Sterling’s live room, against his recommendation(!) and subsequently lost the trade with -20 pips. Sig level was 1.3539 which was the Asia low of the day (not shown on chart) and had shown a clear SR and confirmation candle down with a pullback for entry. The problems with [...]

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