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Wednesday 16 September 2009

Trading Diary Wed 16th Sept 09



Continued testing new strategy and would have had 50 pips on USD/JPY. I am now looking at forex pairs that I stayed clear of in the past as it works even better on them. There was a huge move and it took just over 40 Min's to get 50 pips.

I am trading using half hour candles and there seems to be many more trades. This is because there are more resistance and support lines.

(Meta trader USD/JPY Chart)
Big move as you can see from chart entry at 14973. The spreads on the forex pairings are very different and this needs to be taken into account before I place my trade.

Happy Trading

Tuesday 15 September 2009

Trading Diary Tuesday 15th Sept 09

Sorry for the major lack of updates. I have been training the new advanced Traders. Also presented and went through new strategies with Master trader Avi at the Bi-monthly event we have for the advanced traders. This took place at the Grovsenor hotel Victoria!

I will also be doing my first speaking event on the psychology of trading on the 26th of September. This is at an event from my property mentor Simon Zushi. So lots going on at the moment.

Since the last update the following week I lost 60 pips. Not a good start to September but up 30 pips last week as I have concentrated so much on the new strategy we are using. It looks very promising and I have been testing it on a demo account.

(New Forex Strategy)


It requires Meta trader and has many pivot points so I have been getting used to a new platform. The strategy is a forex breakout and now gives us two forex strategies to focus on. The beauty of this one is that it is less subjective. I shall be playing it live in the next two days after two weeks of intense testing.

I have found it has given me earlier entry points for my breakout strategy. I picked up 19 pips today with an entry of 16636 and got out after it broke the 50 level! I have given you an example of the meta trader chart and what happened to Pound/Dollar today!

I will start updating all my trades from tomorrow! Including the new forex strategy!

Strong Trading!