March 14, 2013 Trades
USDJPY – end of the Week Trade…
UPDATE: We just captured 50 pips here at 95.94.
March 12, 2013 Trades
I have not been trading daily as usual, because a new strategy is now used. The strategy is very simple, much more profitable, and a lot less work. WEEKLY Trade; one trade – bigger weekly returns… Why? More time with the family and less chart hawking.
March 01, 2013 Trades
On Friday, we reversed a trade taken from the following area; still going…
NOTE: STOCHS for 30M/1HR were not reliable. Do not rely on STOCHs completely. How traders lose by not understanding PA and large moves to occur.
February 28, 2013 Trades
Took a loss on USDCHF because we didn’t want to wait or focus on that – long drawn unknown timeframe, and consolidation. Our assessment was correct, but we wanted to close to focus on the bigger EURJPY session we had going – a LOSS for a GAIN.
This is the update on our EURJPY and a scalp of GBPAUD scalp. BTW, GBPAUD was suppose to be within a timeframe but exceeded that simply because we were late in the Japanese session, and the 4HR indi showed long wait; however, strategy is solid.
More likely to be slow day due to yesterday’s active state of trading and market movement…we’ll see.
UPDATE: Nice scalp off EURJPY after lunch to add to end of month.
February 27, 2013 Trades
USDCHF was correct but closed out without waiting for candle confirmation – taking too long. Trust instinct and further patience….
Our trades are usually less than 2-4 hours unless it’s a huge move we are waiting on.
EURJPY – still going for a day now, will close by 02-28-2013 or tomorrow’s session.
February 25, 2013 Trades
Huge moves across all pairs. Example – by 5PM Eastern time: 280 pips EURUSD, 345 USDJPY, 620 EURJPY, 430 CHFJPY, 475 GBPJPY, 355 CADJPY, 285 NZDJPY, etc…
These are all correction moves and/or trend changes for the following month that’s occurring at the last week of February; to ensure the momentum for following month.
February 22, 2013 Trades
Couple of mistakes: Tried to take top; always wrong type of move. Also, accidently clicked on BUY when SELL was correct move; human error not trading error.
This week notes: Entered in and out of trades faster. It is much more optimal for quick pips, and stress free. The scalping between levels was a great success coupled with confirmations. The bad, we entered Thursday without the levels in place and paid for it – literally. Our system is solid.
February 20, 2013 Trades
Today’s trade on GBP was not optimal as we entered a LONG position when all GBP pairs are on a decline. Assess the overall market beforehand. Price in the morning bounced up to yesterday’s 23.6 levels indicating strong SHORT movement. There were 3 bounces from the bottom and we took the third and it was a little late. The second one was there but did not pull the trade in time.
February 19, 2013 Trades
Monday was President’s Day, and it is now Tuesday. We entered a sub-optimal setup on previous day, and did not make any trade for several days prior. We are however testing out some strategies that aggregates the discipline of several concepts on demo account. The aggregation is providing a very robust, and more refined entry method using MTF, and our favorite indicators. We mostly trade from the charts, but we like to have high probability setup thus an indicator. The scalping method provides entry between our ranges or lines. Our setup is very refined, but only taking entries with higher leverage will enable us to get in and out with a excellent profit.
NOTE: Enormous returns can be attained if you wait for the setup – every week there are between 4-10 easy setups. Patience…
forexmagnate 