10% a month. SMALL Steps to a BIG Fortune.

Hi Traders,

To make myself more accountable I have decided to post my trades in this forum. I have been trading FX for around 6months and I have recently started to find some consistency. So to avoid the trap of 'overconfidence' I think it would be a good ide for me to post my trades to the world.

I will also blog my own personal thoughts on my trades and lesson I learn. I have my own blog too but I find this forum much more interactive than my own blog.

I will be trading FX and my style is between scalping and day trading. Hopefully my next post should illustrate my style.

Happy Trading
www.tradefxlive.co.uk/blog

After my morning anaylsis I identified the GBP as the best pair to trade to the short side.

My 1:1 and 2:1 target were hit. I was going for a runner on my final quarter to a weekly pivot (S1) but I trailed my stop too tightly.

GBPUSD Short
Entry 1.5990
Stop 1.6010

Target 1 1.5970
Target 2 1.5950
Target 3 1.5925

This trade was based on a 5min fib pullback to the 50ema and a 60min pullback to the 20ema. Overall trade was executed to my plan and in hindsight I should have moved stop to entry on the final quarter and then trail using the 50ema. I will note this on my ‘Weekly Lessons Learnt’ log and implement this strategy going forward.

Total result of this trade was just over 1%.

I have attached my chart to show you my entries and targets.

Happy Trading
www.tradefxlive.co.uk/blog

Weekly Results.
Week 1 (w/e 8th Jan)
Year 2010

No of Trades: 8
AUDUSD +0.73%
EURUSD +1.78%
GBPUSD +1.14%
USDJPY -1.45%
Total Return: +2.2%

Details of my results are posted on my blog
www.tradefxlive.co.uk

After my morning anaylsis I identified the GBP as the best pair to trade to the Long side.

My 1:1 and 2:1 target were hit, and I managed to squeeze 85pips on my final quarter. I did not make the mistake of trailing my stop so tightly as last week

GBPUSD Long
Entry 1.6175
Stop 1.6155

Target 1 1.6195
Target 2 1.6115
Target 3 1.6260

This trade was based on a 5min fib pullback to the 50%-61% zone, pullback to the 5min 50ema and also a pullback to the 15min 20ema. Overall trade was executed to my plan.

Total result of this trade was just over 2%.

I have attached my chart to show you my entries and targets.

Happy Trading
www.tradefxlive.co.uk/blog

Its been a very up and down week for me.

Overall I am up +0.4% so for tomorrow I will only be taking one trade, I will remain disciplines and take the best setup available.

Hopefully if it all goes to plan tomorrow and I get a runner then it may be a +2% week.

I will post my trade, if I take any, tomorrow.

Happy Trading
www.tradefxlive.co.uk/blog

Just the one trade today on the EURUSD - Short

I decided to take all profits at 1:1 for this trade with it being a poor week to date and EUR being near a 00 number of 1.4400

EURUSD Short
Entry 1.4427
Stop 1.4447

Target 1 1.4407

This trade was based on a 5min fib pullback to the 50%-61% zone, pullback to the 5min 50ema and also a pullback to the 15min 20ema. Overall trade was executed to my plan.

Total result of this trade was1%.

I have attached my chart to show you my entries and targets.

Happy Trading
www.tradefxlive.co.uk/blog

Weekly Results.
Week 2 (w/e 15th Jan)
Year 2010

No of Trades: 5
EURUSD -1.07%
GBPUSD +2.03%
Total Return: +0.96%

Details of my results are posted on my blog
www.tradefxlive.co.uk

After my morning anaylsis I identified the GBP as the best pair to trade to the Long side.

My 1:1 and 2:1 target were hit, and I managed to squeeze 56pips on my final quarter as I saw 1H resistance at 1.6345

GBPUSD Long
Entry 1.6284
Stop 1.6264

Target 1 1.6298
Target 2 1.6320
Target 3 1.6340


Total result of this trade was just over 1.5%.

Please visit my blog for details for trades entry and exits

Happy Trading

Weekly Results.
Week 3 (w/e 22nd Jan)
Year 2010

No of Trades: 5
EURUSD -0.45%
GBPUSD +2.03%
USDJPY -0.45%
Total Return: +1.13%

Details of my results are posted on my blog
www.tradefxlive.co.uk

Trade Short USDJPY 25th Jan
Result +1%

Entry 90.30
Stop 90.45

Target 90.15

I identified the EUR as the weakest CCY and the JPY as the strongets CCY this morning, as a result I shorted EURJPY

Only one target on this trade at 1:1

EURJPY Short
Entry 125.67
Stop 126.02

Target 1 125.32

Entry was taken because I had mutiple reasons.
1. Fib pullback to 50%-61.8%
2. Prev day's low
3. 20ema - 15min chart
4. 50ema - 5min chart

Total result of this trade was 1%.
Happy Trading

Weekly Results.
Week 4 (w/e 29th Jan)
Year 2010

No of Trades: 3
EURUSD +0.17%
EURJPY +1.0%
USDJPY +1.0%
Total Return: +1.13%

Details of my results are posted on my blog
www.tradefxlive.co.uk

Monthly Results Jan 2010

+6.5%

Please visit my blog at www.tradefxlive.co.uk for full results with all trades taken.

Happy Trading

One trade all week. I traded the EURUSD short on the 5th Feb for a result of +1.25%. Check out chart below for details.

Entry 1.3690
Stop 1.3714
Target 1.3660

Weekly Results.
Week 5 (w/e 5th Feb)
Year 2010

No of Trades: 1
EURUSD +1.25%

Total Return: +1.25%

Details of my results are posted on my blog

Happy Trading
www.tradefxlive.co.uk

Weekly Results.
Week 6 (w/e 12th Feb)
Year 2010

No of Trades: 0

Total Return: +0.0%

Details of my results are posted on my blog

Happy Trading
www.tradefxlive.co.uk

I saw a nice setup on the USDCAD for a nice setup, this trade netted me 1%. I also shorted EURUSD at 1.3595 but this never pushed to the downside so I managed to get out at breakeven.

Only one target on this trade at 1:1

USDCAD Short
Entry 1.0528
Stop 1.0550
Target 1 1.0506


Entry was taken because I had mutiple reasons.
1. Fib pullback to 50%-61.8%
2. 200ema - 15min chart
3. 50ema - 60min chart
Total result of this trade was 1%.

Happy Trading
www.tradefxlive.co.uk/blog

Ever wondered what a trading day is like? Well I will be blogging about what I get up to a few times a week.

Check out my blog and see what I got up to this morning:

http://www.tradefxlive.co.uk/blog/?p=234

Weekly Results.
Week 7 (w/e 19th Feb)
Year 2010

No of Trades: 3
USDCAD +1%
AUDUSD +0.5%
DAX +0.5%

Total Return: +2.00%

Details of my results are posted on my blog

Happy Trading
http://www.tradefxlive.co.uk/blog/?cat=5

Patience is the one of the most important things in trading.
I am getting better and better at this every week.

Visit my blog entry and read my thoughts on this subject.

http://www.tradefxlive.co.uk/blog/?p=246

Happy Trading