Well as you can tell i still have not had time to post any trades. I think i need a little more then 24 hours in a day

I am focusing on the FX mentoring school right now … a lot! Their trainer said i should write my trading rules down already since they said i was ready. I did and sent those rules in to them as “draft #1″, so cant wait to talk about them soon in class. As far as trades go i am looking only for my specific setup at this point so less trades/week but hopefuly it will get to the point where i will get more winning then loosing trades – thats the goal!

Thanks

Well, i have been sick/busy the last few weeks so have not been able to post – i decided to post only the trades i physicaly take on this blog, this way it will be like my personal journal and it will not get too messy. Still learning alot with the fx mentoring school, stayed up all night every night all this week and watched the charts. I made i good trade sunday night but other then that had two loosing trades – no worries. I will update my trades this week and will post them here if i get a chance.

 Thanks

The GU has been so bad these last few days, moving sideways between a big range…its crazy, so i decided to focus on the EU.

Here was a trade i was waiting for all night long, then the high probability pattern finaly occured in the morning. Unfortunetly, the timing was off and the sell trigger was not good in my rules – i did not take the sell trade. But anyway here is what it looked like:

Sell @ 1.5234, Stop @ 1.5248 (this was a 17 pip stop loss with spread included), Profit target could have been easily 1:2 or more.

Later on in the day, I noticed that there was a nice buy trigger on the EU around 2:30 am, the only problem was that i did not have a support line drawn there since i am still working on those  Here is the trade setup:

Buy @ 1.5179, Stop Loss @ 1.5171 (this is a 11 pip stop loss with spread included), Profit target would have been around 1:3.

Sorry no picture for this trade. Enjoy.

Hello, nice to be back and could not wait to make some more trades this week. I woke up this morning and missed a possible sell entry about 30 minutes prior to opening my charts on the EUR/USD:

Sell @ 1.5224

Stop Loss @ 1.5236 (a 15 pip stop loss with spread included)

I am still setting up my rules so i did not enter a profit target, but if it had been a 1:2 trade then the profit target would have been hit.

Anyway, I waited for a retrace which did occur later on in the day, I waited for my entry signal to occur and placed a sell trade @ 7:30 am on the EU:

Entry @ 1.5194

Stop Loss @ 1.5219 (a 25 pips stop loss with spread included)

I did not place a price target as well on this trade since i was expecting to sit around and watch it

Then the beauty of the FOREX market occured. I went to sleep for a while and an unexpected news event came out, both the GU and EU shoot up, stopped my EU trades out, and came back down as if the news event never happend … this is what I live for!!! I then took the time to read the posts some of the students made in the online mentoring school I am in and now im ready for the mext trade setup!

Hi everyone! Wow I am realy having fun now..really:) Last night we had a yet another class meeting and got some good new ideas as to how to improve my trading methods.

I wanted to stay up last night but I was sooo tired that I fell asleep at around 8 pm lol..

Anyway, here are my trades that I would have taken based on my trading rules.

The EU had a nice sell @ 2:30.. The 5 minute trigger was perfect. Stop loss would be 16 pips. This was MY trade!

Another trade would have been at the same time on the GU (but i can only use 5% so i would have chosen the EU or GU trade only).

The GU had a similar break @ 13:30..but it was a bad time. The next trigger came at a 61.8% retrace barrier break @ 2:30..perfect time! Stop loss would have been 19 pips. Another good trade!

I have not provided the profit targets because I have not created my rules for that part yet. Currently I am working on the entry process. Another great week! Thanks again for reading the posts and i hope to see you all next week.

Thanks and enjoy!