Nice signal!

Closed out a nice short from Friday for profit of 88 pips! Then got another signal for long at 3574 still in at 3612 I will hold this for the next few days and see where it goes.
I started trading my live account just micro lots. If all goes well this month I will escalate to standard lots in October. Interesting to see what NFP will bring this Friday.

Ok back LIVE :-)

Some quick thoughts on the eur/usd last few days been a lot of dollar buying against the euro. I did not expect it to be that strong but oh well. We could possibly see a pullback today some euro buying till tomorrow and maybe at the london session a continuation downward. I will be prepared for that. But we could also see the beginning of a actual reversal and continuation of the bullish movement (see the weekly chart). I will also be prepared for that.
My philosophy is simple "Trade what you see" I've blown many accounts trading what i hoped to see and did not see it. So if the daily chart tells me its bearish then i will take bearish trades off the 4 Hour chart and visa versa.
It's good to be back writing my accounts of the forex markets. I hoping to go live again with my account in October but of course thats dependent on how things go the next few months on my demo. Wish me luck :)

1 week later

1 week later finally EUR broke upward how's that saying goes, "good thing comes to those who wait" I close my long position with 109 pips my biggest win yet. As you can see from the chart I already have a sell signal so now i am patiently in a sell position. We'll see what next week brings.

WAKE UP Euro/Usd!!

I just wanted to say "HI" it's been some months since my last entry SORRY :(
But not to worry I'm still at it trading and watching the markets. Dreamin of my first million :)
August marked one year of trading for me!!! and i havent given up. One decision I made was no more changing my chart the tools I'm using I will continue to use and master. I believe I have all that I need to be successful. I'm past the phase of testing every tom dick and harry indicator.
Anyways been trading lately off the daily chart and waiting for that big break upward the EU playing head games this week. I've been sitting long since Monday. I hope to see some rallies next week. Let's hope 1.2640 support will hold.

ZigZag!

4h chart i have a channel (SHI channel) and zigzag, i use this chart for trend (trend is definitely my friend)
1h chart i have a channel, zigzag and S&R levels (pivot points)
when the zig or zag appear it usually reaches near a S&R level and these levels are tested and if a rebound occurs you know its time to buy or sell
im trying to focus more on the 4h chart and just use my 1h chart for entry and exit. Even if your timing is not right in entering the trade (S&R levels tested and further break occur) the trade will almost always go in you favor eventually just have patience.
I like working with zigzag it measures price movement (bar charts can get pretty congested at times)
by the way on the 4h chart the last zigzag notice the color difference (which i call the zag) is my self-made trendline im predicting price direction (positive thinking ) the real zag will eventually show up.

testing testing testing :)

by the way ive been going short on eur/usd since monday

Retail sales better than expected

hello all I am back its been a busy few months i just moved and been settling in my new home here but not to worry I'm still trading every day. If you notice my chart above i've made some changes. I tested trend manager but concluded that the colors were simply in the way of the price. I focus on price movement support and resistance more than anything. i dont need indicators that color code the downtrend and uptrend using zigzag it tells me where the trade is at and possibly going.
I am trying to trim the fat and get rid of indicators that are simply not helping me but only taking up space. The best leading indicator is the price so make room to see the price and its every move :)
Today was a good day of trading for me. I woke up and prepared my fundamental and technical research and was ready to trade at the NY open. I've reading some material from Rob Booker a famous forex trader and his info made a lot of sense. I will focus on simply making 10 pips a day.
With 10 pips a day you can turn 10,000 into 180,000 in a year, yes 10 pips a day! If i can make make pips profit will follow. I'm learning to not focus on how much money i want to make in a day just make pips! I only make 1 or 2 trades a day nothing more. I know the key to becoming a successful trader is learning discipline and self-control and i am on that road. By the way I still only trade eur/usd.
Retails sales results came out at 2.3% which was better than expected that gave me the signal to sell I ended that position with +17 pips (ok i went a bit over the 10 pips) even though there were more pips on the table i left it alone and celebrated my win and now onto the next day, remember say NO to greed.

Testing Trend Manager

hi folks sorry for not updating my forex blog I've been somewhat distracted but still trading nonetheless. I've still testing different timeframes I'm now juggling between H1 and H4 charts I also decided to stop using candlesticks and now using pivots. I'm testing new system using Trend Manager (see pic attachement).
I will keep you posted next week on my results :)