Well this was the trade from hell folks. The last 5 releases went perfectly but the first time I trade it live, it fails. Such a let down. The only good thing about this trade is that I saw the sell off that started at 8:30 and decided to only trade 2 contracts. This could of been a disaster if I had traded heavy. I also have to mention that I was filled in both directions on this trade, my loss should only of been 350 but it was doubled because of how fast the market moved. Anyhow im still up for the month, picking my trades carefully and money management saved me. (Go full screen and switch quality to 720p to see the video better)
Friday, June 28, 2013
Wednesday, June 12, 2013
6/12/2013 +$200 (WASDE *LIVE)
Well today wasde had a chance to act right as the last 2 have been disappointing. April was my mistake but May was simply a bad trade. Today however was excellent and everything went as planned. Well all but 1 thing. I tried moving my stop down too close to where the market price was and I got an error message and decided to just hit the close button. (Go full screen and switch quality to 720p to see the video better)
Friday, June 7, 2013
Free Live Audio News Feed
While taking the non farm payroll trade today I recalled a free service I used to use called news strike. Basically instead of looking away from the chart to see forex factory or forex news gun all you have to do is listen and you can hear the numbers. Below I've shown you how to get the service and also an example of how it works. I plan on using it in the future so I don't have to look away from my charts for even a second. Hope its of use. The website address is www.newsstrike.com
6/7/2013 +$2250.00 (US NFP *LIVE*)
Today was a bit of an odd day. The zb was moving a lot more during the pre news market than is typical. Knowing this I lowered my contract size and also lowered my first take profit just to be safe. In the end things worked out pretty good, the market spiked down enough to give us a profit and then immediately retraced back up again. Hopefully everyone either had a take profit level filled or got out manually on the retrace. (To test JOBB for yourself CLICK HERE)
Thursday, June 6, 2013
6/6/2013 +$590 (Natural Gas test)
I've been testing a new method of trading natural gas. So far its done pretty good and I plan on testing it for several more months before trying it live. If anyone has found a way to successfully trade Natural Gas i'd be interested in hearing it. (Go full screen and switch quality to 720p to see the video better)
Sunday, June 2, 2013
6/2/13 +$80.00 (AUS Retail Sales *LIVE*)
Today we had a very tiny deviation of .1 but I was still able to take 8 ticks in profit. Once I was taken out it immediately moved in the opposite direction. This is the first time i've seen this trade act this way but having a small initial take profit and a larger secondary take profit seems to be the best way to handle things im learning. The reason I move the stop manually is because in past testing setting it up automatically either didn't work or worked slow. (Go full screen and switch quality to 720p to see the video better)