Quick update.... New account

Well first of all, above you'll see a picture of my home office. Its made up of items from other systems i've had that I just put together, including the furniture. I only have 3 monitors at the moment but as I open more brokerage accounts I'll be upgrading my system to something more reliable. I'll most likely buy my next system from tradingcomputersnow.com as they seem to have the best prices on quality setups. They even gave me a better quote than Falcon trading computers. Once I reach 10k in profit from trading ill take 5k and buy something nice.

Second bit of news would be that I just opened my second brokerage account. You'll see details on that in the next video. Im able to manage up to 10 accounts with my software so im  no where near my limit. I opened the account with 1,000 usd and ill be trading 1 full lot in that account as well until it reaches 2k. Thats the plan but things change depending on the news release. Thats all for now. I'll be back when im triggered into the next trade.

5/16/2012 -$13.20 (GBP Claimant Count Change)

Well this is another trade I wasnt expecting much out of, as such I only traded it with .3 lots. The spike was all but over before I was even triggered into the trade which means I got filled at the very top of the spike and took a small 4 pip loss, I got out fast mainly because gbp/usd was in such a heavy down trend. I dont enjoy losses but their apart of trading and do happen, it helps if you can keep them much smaller than your winners tho. This week doesn't have any trades with potential to really move the market accept for CAD core cpi on friday, which ill be trading with small lots as well, so not much excitement. Hopefully next week will be better.

5/13/2012 +$2.10 (NZD Retail Sales)

Yes you read that right, I made $2.10 cents on this trade. The market was dead and I traded this against my better judgement with very low lots, 0.3, and it basically did what I expected it to do. I was able to take .7 pips out of the market on this trade before it retraced very hard. This is why I dont trade on sundays often.

5/11/2012 +$341 (CAD Employment change)

I was a bit nervous with this trade as sometimes the unemployment number will deviate in a different direction as the employment numbers but that wasnt the case here. Everything went as it should and I was able to pull 30 or so pips out of the market. (Go full screen and switch quality to 720p to see the video better)

5/2/2012 +$211 (NZ employment change, small move)

After some technical difficulty yesterday I finally have the new broker working with my software properly. The move wasn't too big but its a good start, hopefully a sign of things to come. Also I didnt notice any broker manipulation so lets hope it stays that way. Lastly ill be moving my lot size up to 1.0 now instead of .8 which I used on this trade. I'll use that size until the account hits 2k then ill move up to 2.0 lots, and so on. Thats all for now, ill be back on the next one.  (Go full screen and switch quality to 720p to see the video better)