Forex Howto

I thought I should make a post on the blog again… since it’s been a quite a long time.
I’ve been paying more attention to trading stocks and GOLD, I made a beautiful trade on GOLD, I tripled my balance overnight! I started with $5k and went short 1 lot which I think is around $1.4k… [...]

With most things, if you sit around and do nothing it’s considered lazy, though I think I’m being disciplined with my trading as I’m not making any trades until I see a high profit situation arise.
I’ve also been extremely busy with my work, which has kept me out of FOREX trading for the sake of [...]

I’ve been a bit slack with my FOREX trading ever since the USD started going sideways or gaining a little on the other currencies, I’ve been waiting for a good trend to establish itself before I take any new positions.
To keep myself occupied I’ve been really busy with work. I’ve also been doing a bit [...]

I’ve been getting stuck into the book that I recently borrowed and have to say that thus far the chapters that I’ve found most helpful/interesting have been “Using oscillators to predict trade opportunities” which is written by Tom DeMark andmore helpful from a basics point of view is the final chapter (I’ve been skipping chapters [...]

I’ve finally managed to get my hands on another technical analysis book. Again I borrowed it from the library, though as it was in some far off out of the way library I got them to transfer it to my local library which took ages (I was hoping to have it last week).
The book that [...]

I thought it might be interesting for someone to see my trades so that they can see how much of a fool I am. I’ll post some followups from time to time.

Account: 1036304
Name: forexhowto
Currency: USD
2006 May 9, 09:47

Closed Transactions:

Ticket
Open Time
Type
Lots
Item
Price
S / L
T / P
Close Time
Price
Commission
Taxes
Swap
Profit

1768207
2006.05.01 03:17
balance
Deposit
5 000.00

1771622
2006.05.01 05:08
buy
1.00
eurusd
1.2631
1.2591
1.2729
2006.05.01 19:17
1.2591
0.00
0.00
0.00
-400.00

[sl]

1773451
2006.05.01 06:25
buy
1.00
gbpusd
1.8266
1.8225
1.8365
2006.05.01 13:09
1.8365
0.00
0.00
0.00
990.00

[tp]

1774577
2006.05.01 07:11
buy
1.00
gbpusd
1.8253
1.8209
1.8349
2006.05.01 13:08
1.8349
0.00
0.00
0.00
960.00

[tp]

2170419
2006.05.08 01:26
buy
1.00
eurusd
1.2729
1.2720
1.2927
2006.05.08 13:56
1.2720
0.00
0.00
0.00
-90.00

[sl]

2207015
2006.05.08 [...]

I’ve been very bad when it comes to writing about the various technical analysis indicators. The main reason has been that I’ve been so happy with RSI (yes I do have repetitive strain injury as well, though I’m not that impressed with it), and to a lesser extent CCI (I haven’t been looking at it [...]

I was quite happy with the way I had been going since I started my “fresh start”, and I had made a decent profit (I was up by 33% on my starting capital). The problem is that I think the EUR/USD might have reversed on it’s uptren. Unfortunately I made the mistake of buying buying [...]

It’s really interesting analysing my emotions when I have good trades and bad trades, I think that ideally I shouldn’t be allowing emotion to come into it at all, just get on with the job of finding and making profitable trades.
When I’ve been making profit then I’m all happy and really keen on trading, the [...]

I’ve finished reading the book that I mentioned in this post about candlestick charting. Overall I got a lot of inspiration from it and really looking forward to putting some of the techniques mentioned into practice.
I was a little disapointed with the multi line patterns, not because of how they were presented more simply because [...]