• Journal

    Still a forex trader…..

    Hello all, I’m still trading Forex. Apology that I could not write blog for few months. My parents were here in Thailand so I was out for a month or so. I really needed that break as I was losing consistently in the market. So I had some time to put my thoughts together and came back strong only to lose again. Anyway, the market did not offer anything from feb to may. It was very less follow through. Really difficult market to make money. I had about 10% loss in May. And then started shaky JUNE but at the end I could come up with a positive month of…

  • Journal

    Forex Market stalling before the big nonfarm payroll employment report

    We did not see any movement during the New York session at forex market one day before the nonfarm payroll report. Most of the pairs were in RANGE. There was no direction or trending market. EurJpy was aggressively going south 40 minutes before the market open so i was very excited. But that’s about it, it stalled right there through out the entire session. I could bank +14 pips out of it. Usually this is what happened a day before the big NFP employment report. Big traders wait for the news as they would invest their money on NFP friday therefore market gets really slow. I’m usually vigilant during any…