• Journal

    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…

  • Journal

    Am i reading the Forex chart properly ?

    This week has not been very good with me. I’m still honing my skills. No doubt with my forex trading strategies¬†as many traders earning money in this 15 minutes MT4 chart price action trading. I just need to make sure i’m executing my trades properly. Today i did take right decision however once again i chickened out. Mainly due to a lot of news during NY session trading. We had ADP Non-Farm Employment Change at the top of the hour. I took eurusd long and ended up with +5 right before the next news which was CAD trade balance. I took cadjpy short but after 45 minutes i had to…