ForexSpirit

Some nice euro strength this morning brought my three higher lot positions to their profit limit.  This week is very data light so it will most likely be driven by technicals.

Two nice trades executed over the last two days; yesterday with the release of the US PPI and today’s CPI.  Both Q3 trades.  I entered yesterday after the news release, while today I preempted the news release.  US data was not strong on both counts, confirming the Fed’s decision last week not to raise [...]

Some thoughts and tidbits from this week’s reading and ponderings:
New reading material includes ‘LEFT Brain Trading’ by Lewis Evans and Olga Sheean, and ‘Entries & Exits’ by Alexander Elder.
The mindset portion of ‘LEFT Brain Trading’ includes an interesting way of how to approach uncovering mental blank spots and weaknesses: to look at and examine my relationships, [...]

So today was the big FOMC announcement.  The plan of action was to take profits near the recent highs around 1.29, as it was quite likely that dollar bulls would take charge eventually.
While the plan was good my execution was slightly lacking. I attempted to exit all my trades manually, when it would [...]

My first entry for August has taken place (at a birthday price), in anticipation of the ECB interest rate decision tomorrow.

I had also faxed in a request to close my CMS account, as I was no longer trading live on VT, and so it makes more sense to have that money in [...]