Update

No trading for me so far,lets see whats bring next week.Most of the pairs are in consolidation mode except USD/CHF,I already have an open long position in that pair.

Trade and update

This trade was the biggest gainner so far,i am on some other trades which i will post as soon as they close.

two trades

I traded NZD/USD long didn't work out well but GBP/USD made me profit.Hope you guys doing well.

Trade and update

GBP/CHF is the only trade i took but did't work out,market is choppy and most of the pair moving side ways .EUR/USD look like found a support at the 1.3050 area.

No trades today

I was way from my computer ,no trades today .

What a start!

I had pre determined entry points for GBP/JPY and GBP/USD but both started their week gapping down and missed my entry. I was a little bit concerned about the entry though but wow what a move. I was busy yesterday with my trades and some other things ,that's why i couldn't post.

Profitable forex trading

4 trades

Mixed day for me,eur/usd was the biggest gainner of my trades,usd/chf just breakeven.Hope you guys had good day.

One trade

GBP/JPY was the only trade I made, entry at 139.25 and exit 138.02 price level. Reason behind the short entry was the resistance at 61% fib level in the daily chart, previous pull back was also in that particular level. I closed my position long before the major news release schedule (MPC Rate Statement, Official Bank Rate, Unemployment Claims, Ivey PMI)

Two trades

EUR/USD - entered a long position at 1.3545, exited at 1.3640 and USD/CHF entered a short position at 1.1119, exited at 1.0998. Both the trades were based on fib retracement ratio, exits were based on pre determind support and resistance level. I was very happy with the market movement in the last couple of days, hope this volatility will continue. One important change I made in my strategy, I will trade any set ups regardless of the main trend.

Another active day

Except USD/JPY all the trades above were breakout trades. I entered USD/JPY at 23.6 fib level. Most of the trades had a nice gain.Hope you guys had good trades.

Active day

Yesterday was an active day for me, two trades, both successful. In usd/jpy gain was 110 pips and in gbp/jpy 190 pips.I was also watching eur/gbp, that could have been a good trade. Euro was weak against almost every major currencies, in eur/usd 38% fib level didn't hold as support, lets see what happens next.

Profitable forex trading

Happy new year 2009 to all from sydney

The world in figures

pdf version

Forex trading

Some trades from last two weeks

All the trades were based on fib retracement levels and just following the trading plan. In EUR/GBP and EUR/USD i took half of my position out after 100 pips gain and re-entered 1 lot each .In USD/CHF i re-entered two lots at the two breakout level and exited all my position at 00% fib level

Update

I require my students(who bought my books) to write down the specific market pre-requisites that must take place in order for them to make a trade.Some times before the trade happen.Don't care about the methodology but make sure that they have a set of rules, market setups or price action that must appear in order for them to take the trade.Wait for the set up to form ,don't just jump in the the trade.

Where'd the bailout money go? Shhhh, it's a secret

Update

Not much happening ,market is almost flat before long holidays.

Update

I just entered a half long position,since the pair found support in this area.

Two trades

Some high yield trades from last month

I was wating for this set up to form and result was great.

The pair was consolidating for couple of days and formed a symmetrical triangle.Since the pair was in down trend so my intention was a short entry.

This was inside bar set up,when the EUR was testing the support and broke the support.

I am Back

How are you guys,i was very busy trading and writing my book.I will start posting my trades from tomorrow.

Putting the blog on hold for few weeks

I am putting the blog on hold for few weeks,i will still be trading on a regular basis since i am extending some parts of my course, i will not have enough time to blog.See you very soon ,thank you for the support.Take care.