Monthly Archives: January 2011

FOREX Basic Training

Posted on January 9, 2011 by

If you are new to trading FOREX or if you just want to revisit the fundamentals, FXCM has put together a nice free web site with video footage from some of their training seminars from the Traders EXPO in Las … Continue reading →

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7 January 2011 – 0500 & 0900 EST Session EURUSD Trades

Posted on January 7, 2011 by

Today was one of those days that I should not have turned on the computer. Most of my trades were losers during the 0500 EST session, including one trade where I was short right before the 0830 news and price … Continue reading →

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6 January 2011 – 0900 EST Session EURUSD Trades

Posted on January 6, 2011 by

We would have faired a little better in the 0900 EST session. We saw two trades both of which were winners. The first trade was long @ 0915 @ 1.3118 which closed @ 1.3123 for a small 5 PIP profit. … Continue reading →

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6 January 2011 – 0500 EST Session EURUSD Trades

Posted on January 6, 2011 by

Since it is Thursday I was unable to trade because of commitments outside of my office. The 0500 session presented four trades, two were profitable and two were not. At 0525 we got a signal to go short @ 1.3111 … Continue reading →

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5 January 2011 – 0905 EST EURUSD Short

Posted on January 5, 2011 by

Another short today @ 0905 @ 1.3167. Looking at the 4 hour chart I felt I could get another 20 or so PIPs out of this trade and I did…30 PIPs actually. Price fell down to 1.3137, which was right … Continue reading →

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5 January 2011 – 0748 EST EURUSD Short

Posted on January 5, 2011 by

This was a nice trade that I missed out on. I missed the entry @ 1.3223 and then I watched price go down, down, down…all the way to 1.3182. 42 PIPs missed. I consider it a missed trade because there … Continue reading →

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5 January 2011 – 0550 EST EURUSD Short

Posted on January 5, 2011 by

I went short again @ 0550 @ 1.3247 with a target of 1.3215, 5 PIPs inside the S2 target line. Price moved down and up before making its final move down to the target. 32 PIPs profit. Here is the … Continue reading →

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5 January 2011 – 0513 EST EURUSD Short

Posted on January 5, 2011 by

I took a short @ 0513 EST @ 1.3253 when price fell below the Novel Channel, below the pivot line. Price bounced up and I exited the short @ 1.3263 for a 10 PIP loss. I tried this short again … Continue reading →

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04 January 2011- 0943 EST EURUSD Short

Posted on January 4, 2011 by

Tried another short @ 0943 EST @ 1.3386. Exited the trade @ 1.3362 when TSF turned blue. Shorted again @ 1.3347. This was right at the S2 line, but well above the S2 line from the 0500 session, and well … Continue reading →

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4 January 2011 – 0911 EST EURUSD Short

Posted on January 4, 2011 by

This short did not work out. I went short @ 1.3394 and should have closed the trade when the TSF bar colors turned blue. Instead I held on for a while longer and lost an additional 11 PIPs. Here is … Continue reading →

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