This is awesome! My Sunday night prep basically involves looking for any significant gaps or change in sentiment over the weekend. Then I usually write notes for trades to look for on Monday night. I only trade dailies - monday to thursday.

Planning The Week Ahead

Hey Erebus, thank you very much for the praise, almost made me blush a little! haha. Glad you like the thread - my whole objective was to produce something that is very simple and easy to follow, so I'm glad that is coming across. In regard to the ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Hey S_Ferrer, Glad that made sense! In regard to the 2:1 thing - This is not something I use personally although I can see the logic behind it. Basically it's a probability game - Although this is not strictly true, lets say that every time you ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Forgot I had a chart for this one too... It's been a long week....

Trading: As simple as possible, but no simpler - by a real Cityboy

Update on the AUDCHF position we opened a couple of days ago. (see previous post) Now the market has resumed it's uptrend and the position is now 66~ points in profit. For me this represents about £600 plus the increasing swap credit (currently ...

Trading: As simple as possible, but no simpler - by a real Cityboy

I've had a question on my trading blog about entires - I made a quick video reply that I think is worth checking out for an example of a walkthrough trade entry. Cheers all, video

Trading: As simple as possible, but no simpler - by a real Cityboy

That is a pretty quick way to get yourself fired. When I was at a bank, I couldn't even pick investments to put in my pension. Had to buy externally managed funds.

How one becomes a bank trader?

Okay so I've seen a trade setup on an instrument I do not normally trade. AUDCHF. So, going along with my trading method - We've got the nice bullish price action waves - a pullback, with a nice low test bar as an opportunity to get in long. I've ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Just figured out how to use the trade explorer.... wow...

Trading: As simple as possible, but no simpler - by a real Cityboy

Most bank traders are recruited from university and work their way up through trainee programmes. Although not so much in this current market, banks do pick up experienced traders. efinancial careers is a good place to start looking. Google it. As ...

How one becomes a bank trader?

Thinking point for you: Fund manager bonuses. Returns are NET of costs. 7% ish per year is more than enough to attract insititutional investors. Unless your remuneration is based highly on assets under management (which is very unlikely given it's a ...

Barclayhedge Forex Trader's Annual Return: 7.29%!

Right Dpen, Time for the full reply. Reading through your post, it sounds like we have a very similar mindset and approach to trading. I believe that once you get an understanding of trading daily swings, it provides a great platform to build upon. ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Hey Dpen, thanks for your comments - I'm going to write a propper responce tomorrow. Been crazy busy these last few days. I did write a full reply earlier then accidently hit 'back' on the browser...lost it all and ragequit. Anyhow - Tomorrow I'll ...

Trading: As simple as possible, but no simpler - by a real Cityboy

It upsets me to see this. It's the exact same thing! Drop your position size so it is so small that you dont care. Going deeper - It's just money, and money does infact come relatively easy. If we were speculating with our health - then it would be ...

How much do you make?

I've made a grand total of £4,032 (3 years). My account balance started at £10,000. Most of this was in my third year. In my first, I was down about 30% Just like my school report card told me each year.... "Must try harder" Shameless plug to ...

How much do you make?

I wish you could 'like' posts on Forex Factory. lol

Are you a consistently profitable trader?

Example trade order — So look at the downtrend in this chart. With price making LOWER HIGHS and LOWER LOWS like this, we are just looking for an opportunity to get in short (preferebly as close to a lower high as possible). In this type of ...

Trading: As simple as possible, but no simpler - by a real Cityboy