Live Trade Update

Took some bad trades on Thursday in the Aussie & Euro thus reducing return for the week - both were shorts but entered at the wrong time, as price later came back to my entry and would have been profitable. I am grateful that the week was still profitable with a 1.45% return and cumulative for the month 17.49% but compared to last week when return for the week was 12.80% and cumulative for the month 16.05%, we did not do well. Demo account result was however good as these trades were not taken on the demo account. Next week promises to be better but trading will definitely slow down as traders close their books for the year.

I have some potentially good trades I am watching for next week; and the Loonie is one of them - check the H1 & H4 charts and you will find price bouncing at the 61.8FR level. The H4 SMI is at extreme OS level, while the H1 SMI moved slightly above the mid level without corresponding move in price, pointing to possible retest of previous low and I will be ready to buy on failure.

The Aussie & Kiwi also paint a similar but reverse pattern to the above. I am watching to sell a failed retest of previous highs.

Merry Christmas to all, and a prosperous New Year in advance.

DISCLAIMER
Please read the disclaimer on the home page

Live Trade Update

Presently short the Cable in the live account, and GBPAUD & GBPNZD in the demo account.

DISCLAIMER
Please read the disclaimer on the home page

Live Trade Update

My first week of live trade was slow but positive as mentioned in my last post, and I made more progress in the second week that ended on December 16th with a cumulative return of 16.05%. This week is going well too, although I have been under the weather but still managed to post some good result with cumulative return now @ 23.73% - total of 22 trades with 18 wins and 4 losses. My three positive trades today were in the Cable as shown below

And you can always check my demo trade explorer @ Forex Factory where I still manage to take few trades.

Good trading to all

DISCLAIMER
Please read the disclaimer on the home page

Slow Start to Live Trading But Positive Week

I resumed live trading this week although it has been slow as I have been rather cautious but a good start nonetheless. I have taken few trades on the demo too and you can check the trade explorer at Forex Factory for daily update. Took 3 positive trades today in the EURJPY, NZDUSD & EURAUD for a total of 40 pips.

I have decided to be very selective in my trade choices, and take 3 - 5 lots as a way to reduce stress in my trading, if not completely eliminate it. Therefore the above 40 pips is by multiple of 3 lots for a total of 120 pips.

Good trading to all

DISCLAIMER
Please read the disclaimer on the home page

Will Be Back Live in the Market from Monday

I have opened a new brokerage account and will be back live in the market from Monday. Meanwhile you can always check my trade explorer @ Forex Factory where you will see details of my demo account.

Remember to plan your trade over the week-end, and trade the plan come Monday. Proper preparation prevents poor performance.

You all have a great week-end, and God bless

DISCLAIMER
Please read the disclaimer on the home page