• Journal

    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,…

  • Journal

    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…

  • Journal

    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…

  • Journal

    Slow day trading at Fx online today

    Monday is mostly like this. Slow and steady but now at the time of blogging we are approaching London close but i see no follow through till now. Most of the pairs were in Range at the starting of NY open.  So probably i’ll close with the few pips i earned today. Only taken two trades before the market opened with eurusd and cadjpy. Both winners but with small profit. Happy that at least it is not a loss. As you can see from the pic, this trade is still running and my target is high up at 1.1300. If that happens i would earn +55 pips. Not bad with…

  • Journal

    Oil price fueling CAD Pairs, Big moves at forex 20th April 2016

    Some late swing with CAD pairs after New York session. It started quite slow but now picked up pace. At the moment of writing this, oil price hitting 43.18$ and continue to go up. Which is perhaps behind massive CAD moves. I was mentally prepared to close the shop with break even but then this happened. I actually read the pair as in range. however, since nothing was moving early NY session so i thought i want to take a chance. so i took a market order from a good area with 12 pips stop loss as you can see from above picture (Here i changed my stop loss to…

  • Journal

    Forex trading Journal New York session 18th April 2016

    welcome to my blog post. Today is my first entry. I planned to be regularly updating my blog. I shall be recording my Forex journey and share with you guys. well today at New York session was good. Usually Mondays are dead. But i learned not to predict and be there always. Lot of movements especially with YEN pairs. I was expecting CAD move at NY session as the big oil guys had meeting this Sunday without any settlement. Oil price also dropped a lot which usually drives CAD pairs. We started  trading with a gap so i was expecting a gap filling. however, that happened with YEN pairs. Does…