Hello Folks, yes i’m still here. Glad to see i have few readers who are interested to read my blog post. Good to know. Thank you guys. Breaking news : i’m still not successful as forex trader. I thought i have reached to a point where i’ll invest some serious money but the moment i win , i tend to give away in the next session.One month i do good, next month i’m donating my profits to the market. so i’m still not a consistence trader which is number ONE rule to be successful in this business. I’m trading micro account as you all know. During NY session i take on average…
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Registered a losing week : 12th-15th Sep 2016
what a terrible week ! i lost 200 pips this week, that is 6% of my account. There were practically no follow through during the entire London and New York session. Some movements during Asia session but i only trade NY so i could not catch any of the move. I was exhausted. Pretty tiring to lose every day 4 days in a row. So i decided to take rest on Friday and guest what ! there was a move on Friday. I had the opportunity to make some pips but hey am i upset ? absolutely not. I needed that rest. I shall be back next Monday fresh again.…
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New Forex traders journey 6th-9th sep 2016
Tough week for me. Monday was labor day so i was not expecting the greenback to move so i took off for that day. Watching trading related Youtube clips were better option for me. 6th Sep Tuesday 2016 Started trading from Tuesday. I did learn a valuable lesson on Tuesday. The follow throw on 6th sep was huge due to ISM Non-Manufacturing PMI. I was really tired due to lack of sleep, kinda skeptical whether to trade or not but forced myself to trade. Result : ended the session with -15 pips which is not bad i agree. However, due to ISM news, the move during NY session was massive…
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Forex day trading in Summer : my journal
It’s been a while since i last blogged. During brexit era, i briefly took off from forex trading. The market was going haystack up and down so vigorously i thought i should take a break. With my strategy to risk 10-12 pips, those time was not a good time to trade. Over time i learned when the market conditions are not favorable to trade, just take a break. I also had a chance to visit India to attend one of my friends big fat wedding after brexit. It was really good time to see all the colors, cultures and dances in Jaipur India. The break that i needed from trading…
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Big CAD Big Monday trading at Forex
Big Monday today. Usually as we all know, Mondays are pretty slow. I cannot even remember when last time i made money on Monday. I feel good to see some follow through as it gives me the impression that we are going to see good movements through out the week. Here is one reason why in 15 minutes price action trading, we don’t much focus on news. The internet world is going crazy with brexit and expecting GBP to fall. It may go south however but during our trading hour it is not happening. 30-40 pips moves, already secure out profits. I don’t know why Cad was moving and honestly,…
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Brexit Poll : GBP acts sharply : Forex market
Brexit poll suggests UK voters leaning toward Britain exit from euro . Because of this survey poll, GBP suddenly gone south. I was not aware of the news so could not capitalize on the trade. There was a massive move on gbpusd and gbpjpy more than 80+ pips move. I saw the moves live as i trade New York session. When i had the confirmation that it was a momentum candle, i could have positioned myself on a suckback. But i was little worried of retrace and brutally honestly, trading momentum candle was out of my mind totally. Had i taken it , i would have had at least 100+…
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Was Dow Nasdaq S&p behind forex move today ?
Probably Dow Nasdaq and S&p was behind the forex move today. I had a good day at forex . At the time of writing this blog, the numbers in the market were looking pretty awesome. Dow up by 200+ points. Now when the US stocks soars up, traditionally YEN goes weaker. And that’s what we have seen today thus far. Personally i made 50 pips today. I knew i left a lot of pips on the table but those who are following me knows that i was not having good trading session for last few weeks. I was desperate to win some pips in the bank and have my confident…
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Where is the Forex volatility dude ?
Well guys, it’s been few weeks since i have seen any volatility in the Forex market during New York session. I would say over two weeks in a row i see nothing. Really difficult to make money during these days. I surely cannot predict but i have to be here in front of my computer waiting for something to happen. Really frustrating moments. At times you feel like you are wrong. But there is nothing you can do about it except for being there when market decides to give you. You just don’t know when. It is a psychological test as you are just sitting in front with your money…
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No follow through monday forex trading
Last week was quite rough. Almost no follow through the entire week during New York session forex trading. Pretty disappointing not to see those candles moving at all. so i ended up -72 pips. I was kinda frustrated with the market so i did not feel like blogging. As we all know, human nature tend to talk only about success only. But i’m here not only to blog about my winning trades but also the losing one. Controlling emotion during these phase is a challenge. Had it happened months ago, i would have been bouncing my trade strategy from one to another. At least now, i have full trust on…
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Oil minister Ali al-Naimi sack news could not move the CAD pairs
Monday’s are usually slow and we saw another slow paced new york session forex trading. However, i thought the weekend big oil news would drive the oil price crazy and therefore canadian dollar would move along with it. But that did not happen. Saudi Arabia ousted long-serving oil minister Ali al-Naimi. He was replaced by Khalid al-Falih, the chairman of state-owned oil firm Saudi Aramco. This news supposed to fire the cad pairs and when i saw cadjpy trending during Asia and London session, i thought big day waiting ahead. When i opened my MT4 platform, i saw the above chart. I quickly positioned myself on a pullback and i was looking…