ForexSpirit

December has been a break even month, with just a 0.5% rise in my account equity. Out of 13 closed trades for the month, 11 were closed out in profit, while two were losses. There were no large profitable trades to cancel out the main losing trade of the month (my Q3 [...]

The week before Christmas provided some very choppy range-bound trading before the year end holiday.
On the Monday morning during the start of the NY session price moved down to test the support level at 1.3050. A test of this area was my signal to begin reducing my gearing. I therefore closed out my [...]

Learning to trade and climbing a mountain have some interesting parallels to offer the astute observer.
To a beginner trader the riches to be gained from trading seem vast indeed. To a climber, standing at the bottom of a mountain looking up at the mountain’s summit, the top of mountain can almost seem within their [...]

My current trade blotter doesn’t make for nice viewing at the moment. As the dollar bulls continued their stampede this week I have been flailing in my attempts to catch the bottom of the move.
The downward move has offered very little in the way of retracements, which has resulted in the rapid accumelation of [...]

Lots of trade action to catch up with, starting with last Friday’s non-farm payroll.
Following my plan from Friday morning’s Daily Briefing, after price had made a big up move and hung around 1.334, I wanted to get in. This was in case of a move above the most recent high at 1.337. I placed [...]