ForexSpirit

Tuesday was good and bad.
Good in that I had 11 positive trades for the day. Bad in that I had three losing trades.
I mentioned the first of these losing trades on Monday as it occurred just after the close of the NY session (which I use as my daily boundary for demarcating trades). [...]

Last week my scalping ended on a strong run of form. Unfortunately it did not continue into the start of this week.
Things started off poorly with a sterling trade that came close to its take profit, but close is never good enough. I did not have a good handle on the reason for [...]

Friday ended out the week with another good run of trades. I closed out 12 profitable trades which I think is my highest daily total yet.
The last few trades on GBP/USD show a nice example of keeping the scoreboard ticking.
Trade 1
Short GBP/USD
Entry: 1.4899
Exit: 1.4889
Pips: +10
Trade 2
Short EUR/JPY
Entry: 121.965
Exit: 121.80
Pips: +16.5
Trade 3
Short EUR/USD
Entry: 1.2699
Exit: 1.2695
Pips: [...]

The internet is awash with sites and information related to trading and forex. It can be tricky to find places that are genuinely useful.
Two forex news related sites that I’m keeping an eye on at the moment are FXBriefs and Online Forex Trading. If I continue to find them informative and helpful then [...]

The explosive and volatile nature of the markets at the moment was clearly in evidence today. The DJIA fell just over 300 points before staging a full throttled recovery during lunch to end day up over 550 points, with the majority of the day’s 6% gains occurring in the final trading hour.
The impact of [...]