Empire Ambition Blog

8/1/2011 +$392 (Traded the ISM Manufacturing PMI at 10am today. Small move)

2011-08-01T08:30:00.000-07:00

Today was an interesting day which started at 4:30 am. Woke up to catch the UK Manufacturing PMI but again the deviation wasnt big enough for me to trade so my next possible was the U.S. Manufacturing PMI at 10am which did fall within my deviations so I took the trade. Wasnt a large trade by any means but a positive day is a good day. Sorry about the quality, I'll be uploading in HD from now on. You can watch the trade as I took it below.

7/29/2011 +$76.20 (took 1 trade to end month over 20%)

2011-07-29T08:06:00.001-07:00

Got a couple pips today. My main goal was to end the month over 20% and I accomplished that so im happy. Hopefully next month will be even better. Especially since the markets been so crazy the last few weeks.

Dream Garage Post....

2011-07-27T09:57:00.000-07:00

Today i've been in imagination land looking at luxury cars and mansions then finally luxury garages in mansions. I found some great looking garages. If you dont see your favorite here then comment and add a pic of it.

#1 this garage has plenty of space to spare. Love it

#2 I'm feeling the ceiling in this one and also the large windows

#4 There's alot going on in this garage

#5 I'll take that Maserati

#8 Loving the glass walls


#9

#10 Those cars better not leak oil. Ever

7/22/2011 +$716.09 (Caught 1 trade today)

2011-07-22T06:28:00.000-07:00

Today was a quick trading day for me. The markets been showing alot of sideways movement lately so i've decided to focus on news trades for the time being until things get back to normal. Today was only the 2nd news trade i've recorded but im sure there will be more in the immediate future. At present my account is up about 20% in 9 days of trading. Ill be back next week. Hope everyone has a good weekend......

Very slow couple of days. Managed 1 winning trade.

2011-07-15T18:06:00.000-07:00

Well im happy to get something out of this market. Not sure why but the past 2 days have been very slow. Very congested. Hopefully next week will be better. Anyhow I took one trade and I recorded it live and yes it was a winner. Enjoy

2 big losers then 3 HUGE winners..... A must watch

2011-07-13T18:48:00.000-07:00

Not sure what world I was in today but I was taking trades at random including trades I had no setups for. I had three chances to get out of the first trade but got greedy and waited for it to go up again only to take me out. Second trade I rushed into not checking the spread, or anything else for that matter. I've got alot to work on, The biggest would be to follow my own rules which seems to be harder than simply saying "im gonna follow my rules" Anyway the first video is below. Enjoy the slaughter....

I got off work today at 6pm and I knew there was going to be a news trade at 6:45pm so I did my due diligence and got set to make up the losses i made today. I traded 5 lots because with a release like this its pretty basic. If the data is positive or highly positive you'll get an exaggerated move up. If its bad or highly bad you'll get an exaggerated move down. This works for most news releases I've tried accept non farm payroll. Anyhow I was able to recoup the 674 dollars I lost this morning by making 970 dollars this afternoon. So today actually ended up in profit about $300. You've gotta watch the video on this one live as it happens..... GO FULL SCREEN :-)

No trades today

2011-07-12T08:50:00.000-07:00

Market was moving way too slow and sideways for me to feel good about taking any trades. I'm trying to be more disciplined in my trading so ill be back tomorrow and hopefully with some new trades. I'd rather have a no trade day than a losing day. There was a news release at 4:30 am this morning and i woke up at 4:15 to paper trade it, meaning just putting the bars up where i would of gotten in and gotten out at. After some more practice ill start taking and recording some live news trades.

Gold and silver To buy or not to buy?

2011-07-11T16:27:00.000-07:00

     Well every forum i've come across is saying to buy silver and gold because the dollars about to fail and the price of gold and silver is gonna shoot thru the roof. I've been hearing this for over a year now. Its not that I dont think its going to happen. To be honest im not informed enough to make that judgement. One thing im sure all wealthy families have in common is they own large quantities of Gold or silver or both.

     Gold is universally accepted all over this planet, I mean if the american dollar becomes completely devalued you'll still be able to spend gold or safely control your families wealth without worrying about a bad economy. Gold is currently just over $1550 an ounce and silver is about to break $40 an ounce and both are set to skyrocket. I suggest you do your research and start buying the dips, the weaker the dollar gets the higher gold and silver will go, the more unstable the world gets the higher gold and silver will go.

     A percentage of my monthly income goes towards acquiring more physical gold and silver to hold long term. The best place I've found to buy is http://meritfinancial.com/buy-bullion They have a special right now where you can buy gold or silver for 1% above spot price. Wont find it any cheaper than this.... In my lifetime if i can acquire 1 thousand ounces of gold and atleast 15 thousand ounces of silver ill be satisfied. Also, no thats not my collection up there. Maybe one day

Great day to be trading, couple videos today....

2011-07-11T15:10:00.000-07:00

The first video below is the first trade i took today i suggest you go full screen. While i was in the trade i had to get ready and go to work so I had to close the trade out :-( even tho it ended in profit I saw that the trade would of gone down another 40 pips in the hour that I was gone. O well, hopefully ill get a retracement so I can hop in on the trend again.

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Well it looks like I got my wish....There was a retracement :-) While trading its my goal to cut losers short and let winners run. Those big winners can make up for several bad trades. Hopefully my schedule will clear up some so I can trade more consistently and ride out those big moves. As allways any day above break even is a good day. My other trades are below, go full screen and Enjoy....

Finally got a video to upload...

2011-07-09T16:15:00.000-07:00

O.K. this is the first video that i uploaded. Youtube accepted it this time around so hopefully things will go smooth for the other videos. If all goes well i should be loading atleast 3 or 4 videos a week. We shall see, Anyway enjoy my first one, they'll get better the more I do this

Trading Update....

2011-07-08T08:00:00.000-07:00

I know i said i was going to try and do a video daily but its been hell getting them uploaded to youtube. Not sure why but I keep getting stuck at 68% then it stops. So instead ill give an overview of my trading daily and you guys can just click the bar above to actually see my account details. If i can get it figured out ill try uploading atleast one video a week so you can see me in action.... I had to work this morning but when I got home I saw a trade short setting up on the EUR/GBP pair, it was about 10:15am and i took the trade. There was a similar setup on the EUR/CHF pair but i wasnt focusing on it at the time, wish i was the move was twice as big. Anyway after i got in the price went down slowly and i was up 6 pips then it shot back up to break even then dropped again to 4 pips. I just took my 4 pips for the day. Its almost 11 a.m. and i've got alot of stuff to do today so ill be stopping there for today. I should be alot more active next week as my schedules alot more clear. Well thats all folks, I'm personally happy with any day above break even so today was a great day......

First blog post...

2011-06-29T15:56:00.000-07:00

O.K. so the first post is finally here. On this great journey of financial freedom that I plan on taking im glad you decided to join me. I plan on posting daily videos of my forex trading so you guys can see the results of my system. I'll also be reviewing several systems that i've allready tried in future posts. There will be no affiliate links to any product on this site. All my reviews will be based on if the system actually produced profits or not. Well thats all folks. Check back shortly and ill have the first forex vid up for you to view.....