My day job is keeping me busy this week. I reached home after 8pm Melbourne Australia time. That’s around 2 hour after European market open. I don’t rush to trade in this kinda condition. I will continue studying the market during my free time, however, I don’t think I have a chance to day trade […]
FX
No trade on Monday and the new Australia
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, […]
Monday’s currency trade
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 […]
45 ways to avoid losing money trading Forex
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 […]
Wednesday’s currency trade
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 […]
Effective Cost Technique
[Update 2021]: This post was written back in 2007 November. Unfortunately, the original webinar has been removed and I guess the presenter is no longer with FXstreet as well. I have managed to find the presentation slides here. Hope it helps. Tony Juste from Fxstreet.com posted a presentation on money management in the forum of […]
