Welcome!
This is my first Blog so give me some time to warm up :)
Just to give you some reasons why I created this Blog, I've been trading the Forex Market since August '05 so I am fairly new but excited about the potential this market offers. I've actually learned alot so far and always learning something new. The market really exposed the holes in my character and forces me to do self-examination. I've visited many Blogs and was inspired to start my own.
Little about me
I'm a Systems Engineer by trade, I worked the last 8 years in many different companies in the USA and Germany I am currently taking a break and putting my time in trading because I find it very interesting and the financial potential is huge. I also have spent the last few years in a number of investment opportunities so I am use to living the life of high risk :)
Little about my trading technique
I've tried about every technical indicator known to man everytime I find a new indicator I will compile it in Metatrader 4 but after back testing and many losses I have concluded the following:
I base my trades on Support and Resistance, Trend Channel, News, Pivots, Price movements, I use Stochastic (5,3,3) and Juice (measures volatility) for further confirmation.
It's simple I look to enters trades at support and resistance levels I use Stoch for overbought and oversold signals and juice for high activity. I always focus first on S/R and price then I use Stoch and Juice for further confirmation. I also keep my ears and eyes open for news releases.
What will you find here?
I will start a journal of my trading, I trade Monday-Friday I never skip a day. Everyday is a adventure for me on the market I have victories and defeats being that I am new I still have more defeats than victories but I am still trading :) the goal is to become more and more consistent and yes I do trade a live account, I use to demo but lets face it the true test is with REAL money, so I'm willing to take the risk to learn every aspect of the trade especially the emotional side.
Since I am not working a normal job I will try daily to update this site and let you know the good bad and ugly of my trading.
I will probably offer other info about myself as time passes, like what's going on in my life. There is life beside trading :)

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