Exited GY with +28 pips. Entry on the GA is 1.8631, stop at that price level now. Edit: moved my stop on the GA to 1.8623, giving it a little more room. Edit2: GA stop hit for -9 pips.

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Sorry but it's really hard to update charts contemporaneously but I'm trying...my GA is soaring for the moment

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Update on the GA. The A$ is really pulling back on it's down move overnight, and am waiting to see if that pullback runs out of steam before thinking about another shot at the GA.

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GA stop hit for -30 pips. I took +53 pips on the GY. Now waiting to see if the GA presents another opportunity to reload the first trade, but it moved back underneath the gray line with some force...

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Update on the GY, which is turning into an insurance policy on the GA trade.

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Update: GA pulling back now. I also have a trade in on the GY at 150.33, waiting to see if it can make a meaningful move through 150.00, and I'm watching the $CAD for an entry.

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Update at 5:20 AM. Added a few intermediate targets and waiting for trade 2 to present itself.

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First signs of a b/o on the GA, first trade is in. Trade 1 made around 4:45 AM PST.

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Sunday evening at 6:00 PM PST. PA on the GA has returned to the resistance zone, just like last Friday. Waiting to see if it can punch through and run up to targets, or will it move back South.

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Regarding real estate, I bought my first rental property long ago in the suburbs of Chicago, and eventually had 4 properties. Taxes became, IMHO, prohibitively expensive, and I sold them all, reinvesting in the SW USA, where I bought was able to buy ...

The brutal truth of day trading

Food for thought:three stock indexes in the US have risen around 13.5% ytd, and around 33% in the last year. If your forex trading can’t equal this performance, you might reconsider where you spend your time and money. i spend about ten minutes a ...

The brutal truth of day trading

I tried to get an example posted today, on the GA, in my FF journal. It didn't cooperate with me. I'll try again next week. I think the basic set up is still alive but we'll see next week.

The brutal truth of day trading

Couldn't agree more. But, it seems the journey that is required to get to that place where you can pick great entries and exits is too difficult for most. And the cruel reality is, knowing how to pick entries and exits is much less important to ...

The brutal truth of day trading

Been watching this for a few days. Waiting for a b/o. It's 5:20 AM in the SW USA. US Retail Sales FA coming up in a few minutes. Edit: No b/o on the GA this morning. Will try again next week.

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Will do...

The brutal truth of day trading

You can see the results of contemporaneous trading in my journal on FF, among other trades. I'd be happy to do another contemporaneous position trade there, when the situation presents itself.

The brutal truth of day trading

The notion of risking 2% of your account on a trade is based on flawed thinking, IMHO. However, if your mission is to build a position, then risking up to 1-2% might be unavoidable. If I am building a position, then trade 1 is risking about .5% at a ...

The brutal truth of day trading

Very nice trading week so far, with these 2 trades hitting limit over night:

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