• Journal

    No volatility in the Forex market , difficult to make money

    The volatility in the market seems non-existence at the moment July-2019. There is absolutely no volume to drive the charts. No chart movements, no money. This is my 3rd year of active trading but i have never seen such slow market day to day basis . I don’t know the fundamental behind it, don’t want to know as well. There are no follow through to make pips. so i think patience is the key now. Many traders may not trade during this summer time. But as a day-trader, my approach is different than regular swing traders. I like to follow my daily process and work my way. I don’t want…

  • Journal

    Review of my Profitable trading week (working just 2 days)

    This week enjoyed a profitable trading. Made a lot of tweak recently in my psychology and approach.  How did i have a profitable trading? I will explain you exactly that. Read on … Started this week on Monday with fear in mind. Not sure why i was little bit scared to take trades. However, i was determined to follow my process rather than the outcome and i did exactly that.  On Monday I was down -28 pips at one time but came out of hole with +28 pips.  Big drop on stock market this week, especially DOW jones. So i was expecting a large move on forex market but that…

  • Journal

    The problem is in my mind : psychology

    I cannot stress enough how important it is to have positive psychology when it comes to training. Mindset is everything. I figured i’m lacking in this department. My strategy is a winner. My risk management is top notch. I’m not over trading then what is the problem? why i’m not consistently profiting yet ? After reading the book “trading in the zone”, i have found many answers. While reading the book i thought as if it was my story. Now i’m working on fixing my mindset problems. Simple action as walking out if it is not syncing on particular days were so hard for me. For example, if i’m approaching…

  • Journal

    Registered a losing week both financial and psychological

    Pretty disappointing start to the month. I have had a losing week once again. Granted the market is very slow but I have done some severe mistakes. I do have a cutoff period of -50 pips and i should slow down when i hover around that mark. But this time i was on a rush for some reason so i kept on placing trades only to lose. July 5th , 2017 was really sad day for me. I lost a mammoth 100 pips. I didn’t follow my own criteria. I was taking trades on believe not what i was seeing in the market. One important lesson that i really need…