Recent content by HornedGod

What made you take that long RB versus the break south out of the previous range 30 minutes earlier?

-4.6 pips – 6 August 2013 I know that August is going to be a pretty slow month. Given that, my goal this month is to cut back (or even hopefully eliminate) taking sub-par entries rather than make loads of pips. As I feel the number of tempting trade setups will be rather high but their...

-4.3 pips – 5 August 2013 2 – trade 1 (-8.2 pips) – I missed the initial RB (1) since I wasn’t yet up and running. The RB looked solid enough to take a late entry when price pulled back to the entry point and I got in at 2. I had my tipping point at the level I would have chosen if I’d taken...

3.1 pips – 31 July 2013 1 – trade 1 (-7.0 pips) – I know the risks of continuation trades in the current environment. They’re not fulfilling their promises, especially in these slow summer months. Even so, I still took the DD trade at 1 as along with the strong trend move up there was going to...

-3.1 pips – 26 July 2013 The start of the London session saw some nice pressure build up at 1. I was waiting for a RB signal here but it never materialized. 2 – skip 1 – After price turned back into the range a nice block setup. I was seriously tempted to take an entry at 2 but I wasn’t sure...

9.3 pips – 19 July 2013 1 – trade 1 (9.3 pips) – The dog days of summer certainly seem to be here. 110 degrees in the shade today. The market looked to be as comatose as it was yesterday, but then it happened. A squeeze at the range low at 5:00 EDT just as I was about to shut down for the...

0 pips – 18 July 2013 Didn’t see any viable setups today so I kept a clean slate. The only case where I felt there was a potential setup was at 1. Here the top of the range that had clustered around 1.3100 was getting squeezed to the topside. The top of the squeeze was one pip below the range...

0 pips – 5 July 2013 An NFP morning meant that I was expecting things to be pretty quiet. It ended up being slightly more active than I expected. The break of the block at 1 was the only potential setup I saw today bit it was less than ideal, being stuck in the middle of previous price action...

1.1 pips – 4 July 2013 With the ECB rate announcement later today and with the US markets closed due to July 4th, I knew that it was probably going to be a very subdued session. I knew that if any good trading opportunity came along it was more than likely going to be an IRB, which is exactly...

Felt despondent after trading today. Not being able to see incremental improvements in a tangible way is hard to take sometimes, especially when I make poor judgement calls like today. I know that I’ve only been trading this method for two months, and that is really just a drop in the ocean. At...

-5.1 pips – 2 July 2013 A bit of a relief today in that we actually had some movement during the London session. 50 pips worth! Too bad there were not any grade A opportunities to go along with the move. 1 – trade 1 – Once the move really started to get underway at 4:10 EDT I waited until I...

I'm sticking to the KISS principle for now. For example, today on my first trade I saw that it was hovering at around 9.6 pips in profit. Then it would fall back to 7, back up to 9, down to 5, back to 9. It seemed to go on forever, edged closer, 9.7, 9.9, then falling back. Arrggh. In the...

1 – trade 1 – RB out of the range that had been developing over the prior two hours. Ranges formed from midnight onwards that get tested and broken in the early part of the London session seem to offer great odds. 4 – trade 2 – After a double top just above the 50 level (2-3) price pulled...

-11.1 pips – 28 June 2013 If yesterday’s early London session was moribund in a 20 pip range what do you call today’s 10 pip range? Sheesh. 1 – trade 1 – Price had been within the boxed range for over an hour already. Price had been hugging along one pip below the top of the box for quite a...

Another moribund day. Looks like EUR/USD is having a second dull as dishwater week. The only movement seems to be happening during the New York session on US data. 1 – skip 1 – Price opened in a four pip block right in the middle of a 20 pip range. I didn’t fancy the odds with the block right...