ForexSpirit

So I’ve now finished my second month of live trading, and I’ve turned my first positive month.  Woohoo!  Well worth celebrating I think!
I closed out my two open positions last night to end the month all square.  Here’s how it played out on the chart.

And here’s what my equity report for July looks like:

So [...]

I received the Richard McCall CDs yesterday that I had ordered from Trade2Win last week.  I watched the Mastery Matrix disc yesterday afternoon.
It was a good reminder of some sound trading advice.  The two most useful reminders were that I need to track my trading statistics (win/loss ratio, average win to average loss, etc.), as [...]

I have joined the Forex Factory James16 group to see what stuff I can lean about price action.
I’m going to see how well I can apply it to the e-mini S&P.  I’m also going to try and demo trade 5 minutes charts during the day when I have the opportunity.
This is what today’s action [...]

Continued unrest in the Middle East has taken oil to over $78, which in turn has strengthened the dollar.  A big drop in the London session means it is time to rid myself of my two open positions from Q4 as we are now in low Q2.  Plenty more buying opportunities will be around soon [...]

This week saw some renewed dollar strength.  I had one successful bread and butter trade on Tuesday.  I opened another position later that day and another one on Wednesday.  It became increasingly obvious that there was going to be more dollar strength for the rest of the week, primarily due to the expected BOJ [...]