Pending Order…
And as usual, just about this time we have our order in place. We currently have a sell stop in place at 1.5286. But checkout this nice pop not to long ago. It looks like traders took the positive German PPI seriously. We will of course keep our stop in place as per our system [...]
Can A Picture be Worth a Thousand Pips…?
The reality of what the market actually is will be our theme for the next few weeks I’ve just decided. So hold on to your to trade stations ( mine is a simple laptop. You don’t need 10 screens to know whats going on) and let’s shed some light on this topic. First, lets take [...]
And a New Trading Week is Here…
Yes, that is very true believe it or not. The weekend has ended and we are now officially off to the races. Well for those that live in the Southern Hemisphere (that’s being a tad to general). I mean those traders who reside in the land of kangaroos and boomerangs, have been at it for [...]
Week In Review…
And so this week has come and gone. I would have to say that it has been a solid week of great trading. The FXPOWER FUND account is doing extremely well. The grand total on a percentage basis since inception is 5.21% . Not a bad show if we don’t say so ourselves. We will [...]
Money, Money, Money…And Maybe Some More?
The U.K. session did it for us this morning. And as you can see we have a pending buy stop waiting to get triggered. Lets see if we can have another money making session!
Update: And yes we had another winning session. Currently we are up a respectable 3.32% from the inception of our new FXPOWER [...]
Monday Trade Results, Drum Roll Please…
First let me begin. As I have preached time and time again, both on our blog and on the forums. The true secrets to trading and consistent profitability come down to two things.
1- Having a methodology that has been tested to have a positive expectancy.
2- And applying the chosen method consistantly.
For example, at the end [...]
Trade Updates and Beyond…
We have been seeing some interesting moves in the currency markets the past few days. Very large moves in the Euro and Pound. So be careful out there and follow your trade plan with focus. Now on to the trades for the past few sessions. So far we have had three losing trades in a [...]
Looking good on a Monday…
After an exciting weekend here in the states. Where a significant piece of legislation regarding health care reform got off the ground. We are back in the trading saddle for the Monday morning fireworks. During the U.K. session, we had a short bias and were looking for a sell on the GBP/USD. The trade never [...]
GBP/USD Shorts = Money Friday…
Alright folks, today was an exceptional day in the currency markets. Our good friend the British pound took it on the chin pretty hard during both the U.S. and U.K. trading sessions. As for the reason, not going to speculate. As you guys have heard and read me write is to “trade what is”.
Today 2 [...]
75 PIP WINNER!
This was an easy set it and forget it win. We are currently up 5.06% using the new set it and forget it set up. After some more forward testing, lookout for another real pip collector!
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