Ok, the markets have been relatively slow the last week. As these kind of forums show, there are a great many different approaches, some complicated, some simple. All designed to identify the likely market direction whether it be low or high t/f. In ...

Trading Journal (only my take)

There are of course plenty of things to consider especially when a new trader starts out. All aspects of trading come under the umbrella of the strategy, from signal detection right through to trade completion whether it be a winning or losing ...

Trading Journal (only my take)

The funny thing is though, that trading profitably is not actually that difficult. The market is either going up or down to varying degrees, and some stagnation here and there. Why make it more complicated than that, then build a trading approach on ...

Trading Journal (only my take)

Obviously any venture that involves personal funds must have a positive expectancy of returns as an investment, otherwise it is simply not worth it. Trading Forex is no different in that respect, or at least it shouldn’t be, and yet the large ...

Trading Journal (only my take)

The market pattern(s) that interest me occur in all markets regularly enough, hence why looking at all markets is advantageous with my particular approach. Sticking to just 1 or 2 markets means that a more desperate entry is likely to happen simply ...

Trading Journal (only my take)

Most traders lose which is a well known fact, and I suspect the majority of those losers operate on low t/fs. Whilst low t/fs offer many more trading opportunities for a particular pair, the nature of the market will always snag a trader into a ...

Trading Journal (only my take)

I realise that everyone has their own trading to focus on and develop, and I’m no different in that respect. Nevertheless, I could post a live trade/chart when I open a new set if anybody is interested enough. It would show entries, stops and ...

Trading Journal (only my take)

Yesterdays news was very favourable to me, (cad/jpy) 2 of my 3 short trades now closed profitably, a partial still open and 1 pending yet to trigger, and will probably cancel this one. A long run of winning trades since the start of the new year ...

Trading Journal (only my take)

It’s been a while since posting here. Trades going very well, even though the orange nutter and his sycophants in the White House are doing their best to upset the global status quo. That said, I am involved in a set of ongoing trades at present on ...

Trading Journal (only my take)

I have no immediate plans to document further live trades for the time being, I've proved many times with live calls already that a sound and well considered approach, without any need for all the confusing indicator nonsense that the majority use ...

Trading Journal (only my take)

EU long update Closed mo trade for a no hassle nice 70 pips, and left the 2 po's as is for now on the expectation of a retrace at some point which may trigger 1 or both po's. With the market being what it is recently, I'll be taking what I can as ...

Trading Journal (only my take)

EU mo and 2 po's in place satisfactorily conforming to what I look for. That said, I don't usually like to get involved in the markets this early on in the week, but we seem to be in unusual times for now, so worth the chance so far as I'm ...

Trading Journal (only my take)

The market has been kind, both GJ trades just hit tp’s, meaning that all 5 trades now completed…2 hit stop loss as reported previously, 3 hit target for an overall profit of about 400 plus pips or so. A solid set of trades, easily found, and will ...

Trading Journal (only my take)

A dramatic week behind us and no doubt much more drama ahead, an update on GJ I soon realised after 2 healthy stops were easily taken out this week, that I needed to make unusual adjustments, by extending my normal stops. This was effective, and ...

Trading Journal (only my take)

As said before, I should probably just sit back for a while and see how the world unfolds in this particularly volatile period of time with regard to trading, but hey ho, I'm here to trade. GJ update I've added a further sell m/o and p/o. None of my ...

Trading Journal (only my take)

GJ update The reaction to recent events had an adverse effect on 2 positions, resulting in the s/l's being hit, but of course that is why the s/l's are there....to protect in that kind of adverse market action, and no doubt ( with that ego-maniac ...

Trading Journal (only my take)

GJ 4 hour chart showing a live single sell mo and 2 sell po's all with tp and sl levels, which will be adjusted during the course as I see fit. I'll update the chart as I've done in the past if and when anything of significance occurs. I doubt ...

Trading Journal (only my take)

OK, AJ daily chart going back to August with entries long and short that would have fulfilled my criteria. Note, I did not trade this particular pair during that time, it is just an example of entries that I could have taken with a market order and ...

Trading Journal (only my take)

The new year is nearly here, and as previously mentioned, I’ll be using market and PO’s in order to increase both my trading activity and hopefully my profitability. That aspect will be carefully monitored, because there’s no point in more orders if ...

Trading Journal (only my take)

The year has been reasonably profitable, but there is always room for improvement. My simple approach is pretty safe and pretty reliable as is, but I’m thinking maybe too conservative, and to that end, starting in the new year, I’ll be entering any ...

Trading Journal (only my take)