• Journal

    Ended positive three weeks in a row in Forex

    What a last three weeks in forex market ! Really has been amazing so far. I never had consecutive winning in a row like this. I’m now looking into potential of ending this month with some profit in the bank. It’s been a while since i had a positive month. Now here is the thing, in the past once i had a winning week i would think THATS IT , i nailed it. I’m a pro forex trader now. I would start dreaming about my future. I would check out the new BMW or Benz on web etc. But the next thing i know the market would crush me the…

  • Journal

    February 2017 Forex day trading diary, fear of missing out (FOMO)

    February has been a bit tough for me. Price action is really whippy and bouncy. Currently i’m in a hole -69 pips for the month. We still got 5 tradings days left for this month. We never know what will happen. I hope to overcome my loses and make February positive. Things have changed a lot this year. I feel i have got my edge and finally trading correctly. I’m really enjoying day-trading these days and not feeling pressure. Last year, because of consecutive loses, i used to feel nervous to trade. However, i should give credit to myself as no matter what happened, 1 hour prior to New York…

  • Journal

    My first profitable month at Forex day trading

    Boooom ! best month ever the January 2017. I came out profitable. The feelings are even sweeter as at one point of the month, i was well below -5% but i dug myself out from the hole and ended the month with +2.24%. This is the first time in 12 months that i could beat the market. Before i came out close but never could end positive. This has significant meaning to me. It means i’m doing something correct. I learned a lot in the last two months but overall i have been working my ass off to understand this forex market. It has just started to work for me.…

  • 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…

  • Journal

    Hammered by big moves early New York session : Forex

    oh boy ! what a move ! albeit on the wrong direction. 15 minutes before the New York session, i took LONG pullback on GBPUSD and GBPJPY hoping it would go up. At least that’s what i read from the price action. Since i take trades with small stop loss, i would retake the trade from a below level in case i get stopped out. In split of seconds all my 4 trades were taken out and i was -42 pips early NY session. This is what it looked like in most of the pairs. I took my long positions on the yellow line but it quickly wiped out. These…

  • 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…