Recent content by proTrder

Here is my Friday update and end of month update. I had a very erratic Monday and gave some of the profit. The market was choppy and I was not trading properly. I was a bit euphoric from all the pips gained from the prior 3 weeks. I kind of over traded a bit and had a series of small but...

"Learning Through Trial and Error Without a doubt, the most expensive way to learn to trade the currency markets is through trial and error. Discovering the appropriate trading strategies by learning from your mistakes is not an efficient way to trade any market. Since forex is considerably...

What a great week again this week. Big moves in the market led to big opportunity. I was up 30 pips early in the week and went on gaining more pips as EUR headed towards 1.37. Over all I made 102 pips this week alone. My profit target is only 25pips for a week but letting the winner run is where...

From my experience, the best strategy is the one you build yourself. Eventually, you will have a trading strategy that is best for you but first things first. Rule number one - Don't Trade without a STOP! Rule number two - See Rule number one. If you can handle rule number one and two...

It was great week for me again. Actually better than last week. Most of my pips was made on Wednesday and Thursday. Yesterday for example, when the CPI data came out, I quickly bought EUR at 1.36 and sold at 1.3640. This morning, I sold the EUR again and my target was 1.3550 but had to bail out...

"No body can make you lose the amount of money you lose. Only you can do that to yourself" - A quote from the documentary film - Floored. Got Stops?

DJ This is great! Glad to see it is working out for you. How long did this many trades took you to execute? About two hours I guess? If that is the case, what is your trading strategy for this many trades? Are you getting in and out of the market using some sort of indicator? Is there a minimum...

Here is a recap from my last trade. I usually don't like trading swing overnight especially on weekends. As I mentioned, I had a long USD and I was in the money. Then I decided to hold but the reversals took my stop out to breakeven early this week after holding on to it for a couple of trading...

A whole lot of trades in such a short time, is this manual or automated system?

Thank you guys. I don't know about you but for me, this year got to be pay back time! I just love Eagles as a great bird that owns the sky and superior hunting skills with precise timing. :)

No sweating bullets this year as I try to make a small gain - 5p/day or average 25p/wk. 20% of my strategy is to trade a swing when I notice a big move is happening. As of last Friday, I took a long position on USD and letting the profits run. This is one of the rare situations that I hold a...

Hey Traders, It was a great first day trading of the year for me this morning. I love it when the markets move quite a bit overnight which gives some room to trade. :cool:

Hello Traders, I have been trading currency futures for the last three years. With only a few good months here and there and some breakeven, generally speaking, for the most part, every year my account closed with a loss. But my trading skills has improved a lot and I was able to avoid a losing...