ForexSpirit

January saw me taking my experiences from scalping on the 30 second charts and taking it to the 4 hour charts. I wanted to keep the same dynamic you have when scalping: stalking the market, waiting patiently for a trade and when you do put on a trade it survives for a relatively [...]

This week should be fun. While there is the craziness of NFP Friday to look forward to and China is back from taking a week off, I’m mainly stoked for the Machine Head concert I’m going to see on Wednesday night.

I took a total of 4 trades this week. Two hit my 40 pip profit target while the other two were closed out at BE. There are additional notes on the charts so there’s no much else to say.

Time for a quick peek at what I’ve been focusing my trading energy on over the past few weeks. I’ve shifted my scalping approach to the 4 hour charts. Something new I’m trying is just printing out my charts and scribbling notes on them. It actually feels completely different drawing trend line [...]

After a journey of 2274 pips (and back again), taking place over 16 months, my longest surviving millipede trade hit its break even stop yesterday evening.
The trade was a long EUR/USD entered 23:34 EST, 9th September, 2010 at 1.26653. It was entered into my trading ledger as a completed trade 18:24 EST, 8th January, [...]