The theme of my trading for May seemed to be make pips – lose half – make more pips. All in the space of one day. Today being the 1st June I was clear headed enough to not make the same mistake. Today was make pips – lose a few pips  – finish – go […]

Some days, on the first look at the charts, I am completely bewildered and the voice in my head says ‘ I See NOTHING!’ Today was one of those days. When I got to the charts this morning nothing was jumping out at me. My bias on pretty much everything has been short of late. […]

Don’t we love days like this? This is the kind of day that I consider my bonus day. Where I pay myself for the years of chart watching, testing strategies, losing money………losing my hair (only joking) trying to get this trading lark right. Today it felt like I could throw trades on and they would […]

Today has been (AND IS) a pretty significant day in FX. Many of the currency pairs that have been on the brink over the last few weeks, causing the choppy markets that we have been experiencing (and the stressful trading for the trend followers) appear to have made a decision today. If you, like me, […]

Following from my late post last night the Aussie trade was executed this morning short at 0.9200 that big round number I was talking about. The MACD divergence and price conspired nicely in my favour to deliver the goods. I only needed a 20 pip stop loss and guess what……………………………I added to it half way […]

It’s late Thursday evening (2315 hrs in fact) and I should be in bed as I have an early start tomorrow. Well everyday is an early start, I always wake up at about 0500. I thought I’d do my report a bit early……put down in writing one of my thoughts for potential trades tomorrow or […]

Trade One is AUDUSD  currently +50PIPs @ 1707 hrs on 19th October There has been no holding back the Aussie Dollar it’s been pretty much unstoppable recently trending upwards relentlessly. On Friday there was some lovely divergence between price and the MACD on the 60m chart, which saw it peaking at about 0.9275 and then […]