• 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

    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

    Trade Journal for New York session day trading at Forex

    Early morning at my Time, i tried to trade AUD pairs for RBA interest rate decision which came out negative. The spike on those pairs were massive. I could not enter. There were no retrace whatsoever. So i just kept looking the pairs dropping over 100 pips. These are really difficult news trades. Better to stay away.  No regrets. Then in the afternoon i tried news trade with GBP Manufacturing PMI. The reading for this one also came out negative and this trade was not very volatile at the begaining. I did enter but chickened out for +2 pips. This news changed the direction of the entire GBP momentum to the…

  • Journal

    News day at Forex trading 19th april, 2016

    Today is a big day in terms of fundamental news. News started 1 hour before the New York session USD building permit. Also lined up with RBA , BOE,  BOC bank governors speaking in public which tends to move the currency market a lot. At the time of writing this blog, i honestly did not see big movement although it was enough to bank some pips. I was wary of the news hence i didn’t take lot of good positions. Some other days it could have saved me from going loss but today i’m ending my session with a small profit. But i do learn almost everyday. It was USD…