ForexSpirit

Chapter 13 in Alexander Elder’s ‘Entries & Exits’ exemplifies the advantage that the large players in the forex market can have over the small retail trader. This chapter details some trades performed by Peter Tatarnikov who works for the largest forex broker in Russia. The broker’s name is not explicitly stated in [...]

I try to make it a habit to listen to an audio book while driving during my daily commute. It’s amazing how many books you can get through when you’re stuck in the car for at least an hour a day.
Some of my recent trading psychology reading has led me to how the world [...]

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, [...]

A pretty quiet first week of July, primarily because Independence Day was on Tuesday and most people would have taken the Monday off to.
I waited until Wednesday before entering a birthday trade for one lot at 1.2772.  I almost reached my profit target but price met resistance at the 1.28 level.
I entered a limit buy [...]