I had meetings this morning then I took some trades. I felt really good about the trades until one of them kept going in my direction after I bailed. I even considered re-entering the trade close to my previous entry after closing and locking in 11 pips. Over-all, I made 14 pips so I am […]
I made some major mistakes the last week and a half with my trading after experiencing almost two months of perfect trading. With the Swiss Franc CHF, Eurodollar EUD problem, the market turned very volatile. The volatility was affecting all the currency pairs including GBP/USD. Prior to this week, I had been trading the range […]
Need a good trading clock with seconds for trading/scalping the Forex Currency market? Check out the one I created for my trading. I use it because need to know where price is every minute of the 10 minute candle. Window 8 no longer has gadgets so I open this webpage and re-size it to fit […]
I started trading in October 2007 and I have entered every Forex currency trade into a journal, give or take a few that I forgot to take screenshots of. (I still entered the trade details for those trades.) Journaling my trades is something I became obsessive about when I first started trading six years ago. […]
The other day I took an afternoon trade (Asian market) that quickly hit my stop, then reversed in the direction I thought the market was going. I was so angry because it seemed that my dealer, FXCM, had purposely stop hunted my trade. I never should have been in the trade because of the announcement […]
I am convinced, based on my method of trading, that to be successful I need to trade full-time. The other day I started out with a losing trade but ended the day with some positive trades.Today, after a week and a half of trading well, (some wins and losses) I had a losing day. The […]
I’ve read and heard many traders describe their path to success. I download and listen to the Money Show’s Trader Talk Podcast with traders interviewed by Tim Bourquin. He interviews different traders about their experiences, and I glean something from each one, even if the person is not a Forex trader. With each trader who […]
Practice make perfect is the old cliche. Trading is a competitive activity like sports. Some great trading psychologists/coaches are former sports psychologist. So if both activities are related, how can we practice trading like the great athletes do before they compete in their sport? You can demo trade, which is sort of practicing, but not […]
