ForexSpirit

I consider the Cyrox forum to be one of the more interesting scalping forums out there. One of the recommendations I just don’t really understand espoused by Trollmann is that you should monitor the unrealised profit and loss (uP&L) of an open trade instead of the pip value of your position.
Thus, instead of [...]

Today was a tough day. I didn’t have a strong feel on direction so was more open to switching my bias as price action unfolded.
I got whipsawed on trades 2, 4 and 5 as price was entwined around 1.4635. I’m happy with taking the loss on trade 2 and breaking even [...]

There’s a nice article by Gary Dayton in the December issue of SFO magazine on mindfulness. After a quirk review of the destructive power of fear for any trader, he shows how just staying in the present is your greatest weapon in combating those fears.
It’s a technique that seems so simple. And it is. [...]

I’m sure that just about every trader, or at least those who venture to read a trading book or browse a trading website, comes across Leonard Fibonacci and the series of numbers that are forever linked to his name.
It’s third grade stuff at the Babypips school, just after support and resistance and even before moving [...]

A better showing today. Only one bad trade of note and overall ended up pip positive.

Exited out at break even as I didn’t really like the way price was moving. I envisioned 1.4755 as being decent support. I had the idea right but played it safe in the end.
I was looking for [...]