Monday, August 13, 2012
Monday, August 6, 2012
Monday, July 30, 2012
Thursday, July 5, 2012
Tuesday, July 3, 2012
Movers & Laggers as at 6 am PST
We also had EU and NU signals which have since disappeared when price pulled back, and was short on the EU from 2582. Waiting for factory order news release before considering any new trade unless the CAD forces my hand but no, I won't even allow that to happen as I'm leaving for my private devotion and will be back after the news release.
Cheers, and God bless
DISCLAIMER
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Monday, July 2, 2012
Movers & Laggers as at 7.30 am PST
Best setups as per my engagement/entry rules for a HPT (high probability trade) were EJ & CHJ (CHFJPY) followed by EU & UCH (USDCHF) more based on Euro & CHF weakness than USD strength.
I overslept again and missed the action during the London session, as the movements were initially CT trades and not in agreement with my engagement rules. So I went to bed, and EU & UCH later recycled to align with my entry setup about an hour before commencement of the US session while I was deep in sleep but not to worry I did catch some few pips after the PMI release on the EU and will stand aside until the Asian session unless something interesting attracts my attention.
All trades are still CT and seem to have retraced to about the 38.2 - 50% FR level, and will be watching for a bounce or trend reversal. I'm an intra day trader and use both the M30 & H1 TFs as my bellwether and the M5 for entries. We get frequent pullbacks on the M5 for quick entries, low risk (small stop loss) and with a 10 - 20 pips profit target achieved quickly. We get even more pips when trading in the direction of the intermediate trend.
Good trading, and God bless
DISCLAIMER
Please read the disclaimer on the home page
Friday, June 29, 2012
Thursday, June 28, 2012
Wednesday, June 27, 2012
Tuesday, June 26, 2012
Monday, June 25, 2012
Thursday, June 21, 2012
Monday, June 18, 2012
Saturday, June 16, 2012
Monday, June 4, 2012
Demo Trading
Good morning fellow traders
I spent a bit of time demo trading, reviewing and tweaking my trading system and method after last month's disaster. Seem to have gotten a good filter to work with my CSM Spreadsheet Signals and therefore commenced live trading on a low scale last week, and thanks to ZK for his support, advice and generosity in sharing his ideas and system too.
All I see on the charts today are CT trades which I will avoid. I am therefore standing aside until the market shows a clear path as to its next direction.
DISCLAIMER
Please read the disclaimer on the home page
I spent a bit of time demo trading, reviewing and tweaking my trading system and method after last month's disaster. Seem to have gotten a good filter to work with my CSM Spreadsheet Signals and therefore commenced live trading on a low scale last week, and thanks to ZK for his support, advice and generosity in sharing his ideas and system too.
All I see on the charts today are CT trades which I will avoid. I am therefore standing aside until the market shows a clear path as to its next direction.
DISCLAIMER
Please read the disclaimer on the home page
Friday, May 11, 2012
Thursday, May 10, 2012
Wednesday, May 9, 2012
Indiscipline & Overconfidence Will Kill any Account
I have been very undisciplined lately and traded against my rules and suffered several consecutive losses that has set me back quite a bit. I went back to the drawing board to review what I did wrong and make necessary corrections. I discovered my lack of respect for the market and it handed me a good punishment too.
I did take some counter trend trades at the beginning of the week but refused to do that in my live account as I want to avoid CT trades for now, and build my account back to par and profit.
I should commence live trade again from the Asian session tonight and will post my winning and losing trades.
George
DISCLAIMER
Please read the disclaimer on the home page
I did take some counter trend trades at the beginning of the week but refused to do that in my live account as I want to avoid CT trades for now, and build my account back to par and profit.
I should commence live trade again from the Asian session tonight and will post my winning and losing trades.
George
DISCLAIMER
Please read the disclaimer on the home page
Monday, April 23, 2012
Tuesday, April 17, 2012
Thursday, April 12, 2012
Thursday, April 5, 2012
Monday, April 2, 2012
Thursday, March 22, 2012
Thursday, March 15, 2012
Wednesday, March 14, 2012
Monday, February 13, 2012
Friday, February 10, 2012
Redefining the Way Currency Strength is Calculated
We are redefining the way currency strength is determined and testing this new tool we just developed in the course of the week, and will be going live to beta test the signals from Monday, February 13, 2012. There is nothing new under the sun, anything you see is just an improvement of the old!!! Traders should think outside the box and get innovative.
Above is a screen shot of the CSM signals and relative strength just prior to market close today, February 10, 2012.
Good trading friends.
DISCLAIMER
Please read the disclaimer on the home page
Above is a screen shot of the CSM signals and relative strength just prior to market close today, February 10, 2012.
Good trading friends.
DISCLAIMER
Please read the disclaimer on the home page
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