Monthly Archives: October 2010

101025 – 0803 EST GBPUSD Short

Posted on October 25, 2010 by

This was a trade that just didn’t want to mature. It dragged on for hours however. The first profit target was reached but the next two targets were not to be. Also, I had a little trouble with PFG Best and … Continue reading →

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The Perfect FOREX Indicator

Posted on October 24, 2010 by

Here are the 4 components to the perfect FOREX indicator: Determine where the market is about to turn RIGHT NOW.  This can be achieved using a variety of traditional indicators, such as TSI Crossover (my favorite), MACD Crossover, Moving Average Crossover, etc. . Determine the current … Continue reading →

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101022 1100 EST GBPUSD Short

Posted on October 23, 2010 by

After getting stopped out on my long trade, I looked for an opportunity to go short. I played a breakout below the S1 resistance line, trading only 2 lots because I only had 2 profit targets. Price action made it … Continue reading →

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101022 – 0745 EST GBPUSD Long

Posted on October 23, 2010 by

Friday’s GBPUSD market did not want to give me any profit. I was able to reduce some risk on this trade but it ended up being a loss as I tried to hold out for additional profit targets. Here is … Continue reading →

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101021 – 0715 EST GBPUSD Short

Posted on October 21, 2010 by

I missed the entry opportunity at 0548 this morning, and I was late getting into the 0715 sell signal. The price to sell was 1.5760, I got in short @ 1.5749. I managed to sell another contract @ 1.5755 and … Continue reading →

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Coffee in the Morning

Posted on October 20, 2010 by

Okay.  It isn’t always easy getting up at 0445 every day and trading FOREX.  However, I do give myself a little gift everyday, first thing in the morning.  “What’s that?” you might ask…black coffee.

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101020 – 0830 EST GBPUSD Long

Posted on October 20, 2010 by

The GBPUSD was indecisive this morning, expressed by the contradictory lower highs and higher lows.  Once the higher lows and higher highs started to form, we saw a nice buy signal right above the pivot point and took advantage of a nice … Continue reading →

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101019 – 0500 EST GBPUSD Short

Posted on October 19, 2010 by

The lower lows that preceded this short signal gave a confirmation that price was going to move lower. Once the new pivot lines were drawn, I had an idea of where price would fall to. Price hit the targets pretty … Continue reading →

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Martial Arts and Trading

Posted on October 17, 2010 by

As a black belt in kenpo karate, I often find myself drawing parallels between martial arts and other aspects of my life and trading is no exception. When learning a new technique in martial arts, it is imperative to understand … Continue reading →

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101 Posts

Posted on October 15, 2010 by

After one hundred and one posts, I have learned a lot about myself and trading. I love posting my trades, because I have to be honest with myself and with my blog audience on all of the reasons why I … Continue reading →

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