Wednesday, July 18, 2007
New and good things occurred and are occurring, my style of trading has changed considerably after taking time out and analysing goals and time available. I'm more than happy with the way things are going now. Chucking the job in is still on, but it had to be pushed out a few months.
As time goes on this blog will be attached to www.nzisus.com, a new venture that is being planned.
Good luck to all, and thanks for the all the emails of support and questions as to where the heck I'd got to! You know who you are and it's much appreciated!
Friday, July 07, 2006
Thursday, December 01, 2005
9th May 06 (new tack - back again....)
For various reasons, plus enforced time off, the new tack blog fell by the wayside. What I have been doing is trading when possible... reading a lot and working on the psychology of myself and being disciplined as this has been the major problem for me and has cost too many pips.
Threads that will give you an insight into the way I trade now are below, I primarily take signals off the 4HR chart now and greatly prefer the much reduced screen time involved.
There's some excellent traders out there and they freely share their knowledge on these threads. Whether a novice or expert, you'll definitely learn something either way.
http://www.strategybuilderfx.com/forums/showthread.php?p=157949#post157949 - MikeFX and Shellcon especially have helped me a great deal here.
Books I'd recommend are:
- everything written by Patrick Mikula
- all Larry Pesavento's books
- Mark Douglas
- Bryce Gilmore
- Scott Carney
Currently short eurusd from 2724, SL 2775, looking for 2600...
Tuesday, November 22, 2005
Long cable 1.1805 closed on a limit at 1.1831
+16 on the day
Friday, November 18, 2005
Thursday, November 17, 2005
edit: SL moved to 1.7315, decided not to take half of original entry
SL moved to 1.7215 this morning
(+252 locked in)
edit2: Stopped out
Tuesday, November 15, 2005
WE 11th Nov
WE 4th Nov
Went long cable 1.7452 x 2 thinking this could be the promised rise to the heavens for christmas and closed at 1.7465.
Shorted again at 1.7463, took half on a limit at 1.7448 and left the rest to run with SL at BE +1 as it made a C down, left an exit limit at 1.7355 as a double bottom seemed likely and went to bed. Nice way to wake up in the morning.
The COT data is still saying the big boys (and girls) are long. The range is 1.7350 to 1.7500 so will be looking to play that until there's a concerted move in either direction - presumaeably north, but you never know for sure.