Blog and Rants

I did not see any good setup today, in fact, I should say, I did not see too many good setup recently in Forex day trade, to be specific, not too many opportunites for trend trade. It is kinda messy. I am staying sideline at the moment. So you know we have a new government, […]

OK, I am a modern slave, though people hire me as a project consultant. I was called by a project director to help out in a project for ten working days or so (btw, I left the project last Friday 🙂 ). Since I have a little free time, I thought it is a good […]

I was flipping through my old SIMSCI futures trading journal, and checking out Asian futures market.  It looks like my old time favorite is back. I see opportunities appear in SIMSCI futures again. I am getting my account ready soon, since I have a little bit free time now. Here is the ….CHART! [photopress:simsci15min.JPG,full,alignleft]

I was looking at GBP/CHF with an opinion of weak GBP.  I shorted GBP/CHF during the first pull back after breaking out from the range. But well, it did not work out as my initial thought. Exit the trade with -0.47 R.  -27 pips. I found it to be a bit more difficult to find […]

I found this article from a forum. It is interesting. Though I do not agree with everything he says, there are some good points. According to the forum poster, this list was composed by Jimmy Young, who is a retired professional Bank Forex trader with over 20 years of hands-on forex trading experience. Pretty long […]

I made some money today. However, I did not make good trade. I got one late entry of USD/CHF, which I closed the position with +12 pips.  EUR/USD is a better trade, first target was hit, I closed half of my positions, but I failed to let the another half run, I was affected by […]