ForexSpirit

I took a step back this week to try and review where I stand with my trading.
I have been trading a pretty simple scalping approach since early October. About two weeks ago I started getting sidetracked by another trading method which had a lot of the same foundational work that I seem suited [...]

My ironic comment in yesterday’s journal entry was nothing if not prophetic.
I got absolutely hammered in Asian trading due to having resting limit orders in place on EUR/JPY. These limit orders had been entered over the past two days and were meant to pray on price action during New York market hours when I’m [...]

Another day in the scalping trenches sees 10 more trades closed out.
After lunchtime I didn’t fancy the chances of sterling dipping below 1.5000 for long so I tried to just get out of my short from that level at breakeven. I manually closed the trade and got slipped for a one pip loss (trade [...]

Here are two articles I found interesting that give a glimpse as to how some hedge funds have prospered and others have struggled through the recent market turmoil: The Catastrophe Capitalist and Citadel Under Siege.
I’d also like to highlight a great comment that I came across on a trading forum recently:
There is no such thing [...]

While yesterday saw the concentration of my fire on EUR/USD today it was focused on EUR/JPY.
The EUR/JPY trade carried over from yesterday booked 10 pips profit. There was one overnight trade made followed by four more trades during the NY session.
I tried to play very defensively in sterling as it seemed to be extremely [...]