Every now and then we all need a little motivation. Watch this, trust me....

One of the best motivational videos i've ever seen. Watch from start to finish. This will change your state of mind.

11/8/12 +$600 (Natural Gas) Demo

I'm not sure if brokers are getting more strict about news trading or if its just the brokers im choosing. I attempted to trade with a new broker with $100 in live money. SNW Elite entered a buy order and it was clicked in on my demo account but for some reason on the live account it didnt enter the order but showed that I had a loss. I was only trading .3 lots and the market only moved down 6 pips before spiking up 30 pips. .3 lots multiplied by 6 is 18 dollars that I would of been down before it shot up 30 pips. There was no reason for me to be taken out of this trade. They still havent given me an answer as to why the trade was stopped.  Anyway im just venting now. The demo did well and got a great fill, I was able to make $600.

11/5/12 -$490 (aud int. rate.)

Today I attempted to trade the Australian interest rate at 10:30. In my effort to show the good with the bad I can honestly say this was a disaster. Thank God I only traded 2 lots instead of 5 like i was considering. It should of been an easy win but for some reason I was filled 20 pips above the 10:30 bar. I went back to re watch the video and it shows my spread was 6 pips. I checked to see where the 10:30 bar opened and I was filled 52 pips from the open of the spike bar and 20 pips above the high of the 10:30 bar. I've written my brokerage about this and hopefully we can resolve the issue. I dont mind spreads widening but getting filled 50 pips away from the open when my spread shows 6 pips is wrong. Anyway watch the massacre below. Ill update after I speak to my rep. (Go full screen and switch quality to 720p to see the video better)
 

11/7/12 UPDATE: heard from my broker. they wont refund the trade and said this happened because there was a gapping market. Funny because there was a gap on all of the brokers I was trading but none of the others filled this bad. They offered me trading rebates moving forward from November onwards of $2 per standard lot traded. I've been having issues recently with bad spreads and bad fills with these guys so it might be time to jump ship and move on.

11/1/2012 +$1300 (Natural Gas) Demo

Another great trade. 2 of my brokerage accounts were moving extra slow for some reason, as in not entering trades for 10 seconds after I press the buy or sell button. Only 1 broker acted right and that one made over $700 while the other 2 each made $320. I've allready contacted the 2 brokers to see why the delay happened. Ill know shortly hopefully. As usual (Go full screen and switch quality to 720p to see the video better)

10/24/2012 +$1120 (Crude Oil) Demo Trade

Crude oil has hit again. I received a Sell2 trigger on snw elite and made 56 pips in one broker and 56 pips in another. My live broker was supposed to have the cfd's up last week but their still not up as of yet. Very frustrating. Anyway enjoy the video and thanks for watching..... (Go full screen and switch quality to 720p to see the video better)

10/11/2012 +$1600 (Natural Gas) Demo Trade

Well natural gas finally hit. Its too bad my broker hasnt added crude oil or natural gas as of yet. Guess patience is a virtue as they say. Any how everything went as it should of. One of my demo brokers had terrible spreads and the market gapped up upon the release so I only made about $360 but my other demo broker was perfect, low spread, great fill and I made over 60 points. I used secret news weapon elite with 5 and -5 as my triggers. (Go full screen and switch quality to 720p to see the video better)

PHD Money Every Month Review (B+)

Well i've finished my first 30 days. The course was very thorough, so much so that even as a newby when I had to make adjustments nothing seemed unfamiliar and there were no surprises. The system does give a brief overview of options in general which I greatly needed as i was completely new to trading stock options, basically if this course can teach me, anyone can learn it. The most important things you'll learn from this course are which symbols are safest to trade, how to manage those trades using the greeks and how to do adjustments to keep yourself in profit. The course is completely video format so you will have to take notes. Its not really a problem tho because anything I wasnt sure of I simply looked it up online. I still have alot to learn but the video below will give you an idea of the course.

The only negative I can find is the lack of support. Be warned if you buy this course there will be no help. You need to be a self starter. On the sales page and in the video's they claim that you can ask for help but its a lie, which is why I gave this system a B+, If they had even made an attempt at answering questions it would easily of been an A. Other than that the system works. I've allready started looking at my trades for next month. Ill use paper money for about 6 months or so and if all continues to go well then add real money. In closing this seems to be a great way to make consistent returns without as much risk. Watch review below

10/2/2012 +$271 (AUD Interest Rate)

Well as I predicted my next winner paid for the 2 back to back losers I had last month. Also I showed the extra funds I added giving me the ability to trade 5 full lots which I did. Unfortunately even with secret news weapon elite I was filled at the bottom of the spike and only managed 7 pips. I should also note I checked the spread with my broker and it was 20.5 so Ill be speaking to my account rep. about that also. Anyway overall a good trade. Could of been much better as most in the trade room reported 25-30 pips in profit. Not sure why my fill was so bad, maybe it was trading 5 lots. Time will tell (Go full screen and switch quality to 720p to see the video better)

Review of PhD trading's money every month system coming soon

Just wanted to give a heads up that I've purchased a system called "money every month" that focuses on stock options trading. I've looked into it before but not seriously, until now, and it looks like a good way to make consistent returns. I've gone thru the course allready and i've started testing it on a think or swim practice account. I'll do my full review after i've finished my first 30 days to see if I made profit or not following their system. Also im not an affiliate nor do I plan to be, you can just type in phd-trading.com an watch their video to see the system.

9/26/2012 +$400 (US Crude Oil Inventories) Demo trade

I've known about gas and oil releases for some time now and finally decided it was time to start trading them. Mainly because my current live account broker said they'll be adding oil in the next 2 weeks and gas following later. For now I used 2 test accounts to get used to trading the release. Everything went as planned, got a great fill and took a nice profit. 20 pips in one account and 21 in the other.

9/6/2012 -$.70 (ADP non farm employment)

Well this was my first trade using secret news weapon elite, im not impressed. got a terrible fill. only lost about .71 cents so no big deal, hopefully the next release will be better. (Go full screen and switch quality to 720p to see the video better)
 

9/5/2012-Secret News Weapon Elite test (CAD interest rate)

Well I took the plunge and started my snw elite 30 day trial. I've familiarized myself with the basics so I decided to test it on the CAD Interest rate. I figured it wouldnt trigger so I set the no trade to enter a short. Everything went smoothly. I also showed how I use multi trade manager. I need the SNW software to pay for itself so I'm hoping one of the upcoming trades will hit a trigger so I can make some money. (Go full screen and switch quality to 720p to see the video better)

9/2/2012-Multi Trade Manager Test (AUD Retail Sales)

This was a test of the multi trade manager software. It worked properly on my live account. I only traded .10 lots as its a sunday and its also a holiday weekend so low liquidity was expected. I was triggered and made a tiny bit of money. I was able to close 75% of the trade and also move my stop to break even with just the push of a buttom. Made things much simpler. Ill be using MTM to manager my news trades from now on. (Go full screen and switch quality to 720p to see the video better)

8/10/2012 -$85.34 (CAD Employment Change)

Well here we go again. There was an early spike for this release, very similar to what we've seen with New Zealand and Australian news. Its obvious now that economic news is being leaked and average news traders like myself arent in on it so we get screwed. If everyone played by the rules there would be more than enough for all but the big players allways want more, greed is a hell of a thing. o well, hopefully im wrong and this was just a fluke, but I doubt it. I traded 1 full lot, lost 8 pips, down a little over $85. I'm confident that my next winner with 1 lot will make up this loss and the previous loss also. Just have to be patient. Until then take care all.

8/3/2012 -$86.61 (U.S. Non Farm Payroll)

This should of been a wonderful trade, the news came out and the market spiked as expected. If things had happened as they should of I would of been filled long 1.1 contracts. I decided to test the EA vs the Auto Click today so I used 1 full lot for ea and .10 lots for auto click, this would show where each one was filled. The problem is my auto click provider had technical difficulties on his end due to a power outage and it reset his system so we were triggered short instead of long. As I watched my profit meter say 250 then 260 I then noticed that it was -250 not positive, I then had to hope the market would retrace and not spike up. In the end the market came down to within 6 pips of my entry price and I got out with a loss of $86. Could of been much much worse as shortly after I got out the market continued up another 40 pips. What could of been almost $300 in the bank ended up being a small loss. This is part of trading tho, there will allways be losses so hopefully the next trade will make up this loss.

On another note my broker worked properly, my fill was only 8 pips from the open for the ea, which means if we had been triggered properly direction wise I would of made a good profit today. I've decided to deposit the other $3,400 that I withdrew from my other accounts into this broker, tho after this incident ill not use large lots until my confidence in my auto click provider strengthens.

8/1/2012 +1.80 (GBP Manufacturing pmi)

I traded this with small lots as a test, previously we got triggered and this spiked in the wrong direction so I wanted to see how it would react and also how my broker would fill me. I got filled about 12 pips into the move which isnt that great but not terrible either. As you'll see the market stuttered around my fill area and I actually went in and out of profit twice so I decided to be safe and close out with 1 pip. not even 10 seconds after I closed my trade the market moves about 50 pips total over the next 10 minutes. Thats spike trading for ya, win some lose some. After broker fee's I didnt actually make anything but I was able to see that the market moved in the way it was expected to so next time ill be able to trade this with larger lots. (Go full screen and switch quality to 720p to see the video better)

7/11/2012 +6.80 (AUD Employment Change)

Well I gave this trade one last try and it let me down, again. Last time this was released there was a large spike and I was filled at the end of it. Here the exact same thing happened. I only traded .4 lots and made a total of 2 pips in profit so atleast I didnt lose money. There are lots of releases so I cant see gambling on this one anymore, I wont be trading aud employment change until I can figure out a way to make it work for me. (Go full screen and switch quality to 720p to see the video better)

6/20/2012 +28.50 (NZD gdp q/q)

In my ever increasing quest to treat news trading as a business and not a hobby i'm not going to be trading large lot sizes on trades that are questionable in my eyes. This release was questionable for several reasons. First of all it was released at a time where there's very low liquidity in the market, second nzd trades have either come early, come late or spiked early and filled me at the top. Knowing all of these things I chose to trade .5 lots which is half of my normal trading size. Didnt get a great fill but I made a little bit of money even in these conditions so im happy.(Go full screen and switch quality to 720p to see the video better)

6/20/ 2012 Federal Fund rate (Binary Option Trade)

This is a great trading opportunity. Bernanke announced some time ago that this rate wouldnt be changed until 2014 and I noticed that each release the market began moving in an up trend so trading binary options fit perfectly for this release. I decided to record this one but if you check the last 2 releases on forexpeacearmy.com or newsimpact.com you'll see that the same thing happens each time. In other words until 2014 this should be an easy win.

6/13/2012 example of broker manipulation

Here we have a great example of broker manipulation. As you'll see once the news comes out my platform completely freezes and doesnt start moving again for several minutes. If there was a spike and I had been triggered into this trade I wouldnt of been filled until several minutes later, or worse I would of been filled right away then not been able to close the trade until it became un frozen. Sucks either way, I had high hopes for this broker

6/6/2012 +$73.90 (AUD Employment Change)

First of all the last 5 minutes of the video is out of sync, my computer froze while I was recording. Now to business, I attempted 3 things with this release.

-The first was testing a straddle ea on a demo account-I used 15 as my pips away number and the market spiked down 16 pips before shooting straight up. I didnt expect this release to be that volatile, anyhow it filled me short then shot up. luckily I had a stop loss in place so the loss was limited, ill adjust pips away # next time. -The second was testing my new live account using .1 lots- This was a disaster again, I once again assumed I didnt get filled and then 30 or 40 seconds after the release and at the very tip top of the spike this broker fills me, thats 2 strikes, im done with them. luckily I only traded .1 lots for a loss of $5.60, ill be closing the account tomorrow and withdrawing $1,139 which is more than I started with so I cant complain. Ill put that money in my main account and up my lot sizes there.
-Lastly I traded my main live account with .5 lots while watching for a pre news spike. I got a bad fill but was able to pull 15 pips out of the trade for $79.50. Australian releases have been doing much better about not spiking early so I'll start trading them with normal lot sizes again. Lastly Ill continue to experiment with straddles until I get the right combination. (Go full screen and switch quality to 720p to see the video better)

6/1/2012 +$219.90 (USD Non farm payroll)

Today was a terrible trade. I was in a rush this morning so I dont have a live video but I did do a review of what actually happened, Everything that needs to be said is in the video. I'm happy to put this in the past and move on. I cant really complain tho, any day above break even is a good day. Next week is full of trading opportunities so I'll be back on the next one. Take care all. (Go full screen and switch quality to 720p to see the video better)

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)

Im Back...

Well its been a while since I updated my blog and Ive decided to start back doing so. I've been trading forex live now since January 2012, i actually doubled my account the first week of trading live and I had gains of 250% before my broker started playing tricks on me. I'm now with a new broker which claims to be a true ecn but we'll just have to wait and see. I've started trading binary options recently through 24option.com, even tho im still getting the hang of it ill post pics of my profit and loss statement as I trade. Lastly I'll start recording my daily forex trades again and adding them here as a way for me to review my strategies and so others can learn as well. Thats it for now, updates coming soon...