From an interview with Glen Ring for Real People; Real Traders What is one of the biggest mistakes traders make? They try to be too perfect.

“Amateur traders turn into professional traders once they stop looking for the ‘next great technical indicator’ and start controlling risk on each trade.’ John Carter – Mastering The Trade

It’s an interesting day in October. The majors did their ADR in the Asia session overnight. Is there anything left for us in London? USDCAD is at parity!! Aussie is pretty much at parity!! Swissie keeps falling as does Yen. We are in new territory – nervous times?? Then up pops GFORCE telling me to […]

This is a trade that I am currently running in cable short. 3 positions now in this trade but with CPI figures due at 0930 I am aware that I am going to have to reduce my risk and will scale out half of my first full position in the next few minutes. 2 positions […]

Hey there folks, Well today I decided to get back to the desk nice and early and try out some intra-day trades.  I’m not going to deny that it was a shock to the system to be getting up at 0530 after a few months of later starts but it felt good to at last […]

No trading at all for me yesterday. After the FOMC results, and the massive movements that followed, Wednesdays charts all looked overextended to me and very uninviting. Deciding that there was too much risk out there for me I took myself off for an early gym session at 9 a.m. and never came back to […]

This is my first blog for ages as I’ve been busy moving home and it’s been the school holidays, but now all that is done and I’m back blogging on FOMC Tuesday with a video! I didn’t think there would be much to do today, overnight in Asia was quiet with everyone waiting for this […]

It’s been a bit quiet here as I’ve been away for a few days and was then without internet whilst my supply was changed. Anyway to ease myself back into writing the blog I thought I’d give my fellow traders some feedback on the numerous Trading books I’ve been reading (or re-reading) during my period of […]

Hey traders, Still no intra-day trading but I did manage to take a couple of end of day swings which I closed out for +126 pips profit.  You might be saying that’s a great result however you’d be wrong.  I closed both trades early due to boredom / changing  view.   This is a great story […]

Just a quick note to show you I’m still alive and kicking during the August holidays.  Still no intra-day trading for myself but last week I took one end of day trade here on the NZDUSD. 1.  On a daily chart my indicators are telling me that NZDUSD is approaching an area of being oversold.  I […]