Forex ForaysForex ForaysFeatures currency research, resources, and trading strategies from a forex day trader. Articles
Over 800 Pips in September
2008-10-04 01:49:00 I had a good run in September with just over 800 pips after accounting for FXCM's spread (which can vary a bit when trading with no dealing desk, but is generally around 2.5 pips for the EUR/USD). Almost all of it gained on going long the dollar, which strengthened quite a bit throughout the month. Nothing fancy, just one trade a day, doing what my trading system tells me.So far I'm down 129 pips
Over 800 Pips in September
2008-10-04 01:49:00 I had a good run in September with just over 800 pips after accounting for FXCM's spread (which can vary a bit when trading with no dealing desk, but is generally around 2.5 pips for the EUR/USD). Almost all of it gained on going long the dollar, which strengthened quite a bit throughout the month. Nothing fancy, just one trade a day, doing what my trading system tells me. So far I'm down 129
Crazy EUR/USD Chart - August 10, 2008
2008-08-11 01:18:00 Check out this chart of the EUR/USD pair over the past few weeks. One of the most dramatic reversals from long to short on the Euro I've ever seen...look at that huge gap downward over the weekend of August 9-10. The recent decrease in oil prices has really taken a lot of the pressure off the dollar - and also lost me quite a few pips as I continued to bet against it. Only in the past few days More About: Crazy , Chart , 2008
Crazy EUR/USD Chart - August 10, 2008
2008-08-11 01:18:00 Check out this chart of the EUR/USD pair over the past few weeks. One of the most dramatic reversals from long to short on the Euro I've ever seen...look at that huge gap downward over the weekend of August 9-10. The recent decrease in oil prices has really taken a lot of the pressure off the dollar - and also lost me quite a few pips as I continued to bet against it. Only in the past few days More About: Crazy , Chart , 2008
2008 Results So Far
2008-07-17 09:47:00 I know it's been quiet around here lately, but I am still trading almost every day, focusing on strictly the EUR/USD pair. So far it has been a pretty good year, with around 1500 total pips in just over 6 months. July has been ugly so far, though, and I'm down over 400 pips for the month, mainly because the market has not been following a clear trend for these past few weeks. Here are my More About: Results , 2008
2008 Results So Far
2008-07-17 09:47:00 I know it's been quiet around here lately, but I am still trading almost every day, focusing on strictly the EUR/USD pair. So far it has been a pretty good year, with around 1500 total pips in just over 6 months. July has been ugly so far, though, and I'm down over 400 pips for the month, mainly because the market has not been following a clear trend for these past few weeks. Here are my More About: Results , 2008
Note to Self
2008-05-01 20:15:00 I just came across this angry note I wrote to myself last year after a particularly bad run of trades that could very easily have been avoided. Ever had that feeling? I find it often helps to scribble something like this down immediately afterward to help get that awful sinking feeling out of your system, and to remind yourself of the lessons you've (hopefully) learned. Enjoy... You have More About: Note , Note to Self
Note to Self
2008-05-01 20:15:00 I just came across this angry note I wrote to myself last year after a particularly bad run of trades that could very easily have been avoided. Ever had that feeling? I find it often helps to scribble something like this down immediately afterward to help get that awful sinking feeling out of your system, and to remind yourself of the lessons you've (hopefully) learned. Enjoy...You have completed More About: Note , Note to Self
Hivetrader Community-Based Trading
2008-04-09 01:51:00 A while back FX Engines switched its strategy from automated trading systems based solely on backtested technical indicators to systems that are fine-tuned with input from a community of forex traders. To reflect this new community-based methodology, it's now called Hivetrader. Here's a quick breakdown of how it works, lifted straight from their front page:You view the hive [the community of More About: Community , Trading
Hivetrader Community-Based Trading
2008-04-09 01:51:00 A while back FX Engines switched its strategy from automated trading systems based solely on backtested technical indicators to systems that are fine-tuned with input from a community of forex traders. To reflect this new community-based methodology, it's now called Hivetrader. Here's a quick breakdown of how it works, lifted straight from their front page: You view the hive [the community of More About: Community , Trading
Nice Chart to Wake Up To
2007-10-22 18:27:00 If you were short the EUR/USD today, that is - which as luck would have it I was.I haven't seen volatility like this in quite a while...over 200 pips of movement. Hope you're all short the Euro today as well! More About: Wake , Wake up , Nice , Chart
Nice Chart to Wake Up To
2007-10-22 18:27:00 If you were short the EUR/USD today, that is - which as luck would have it I was. I haven't seen volatility like this in quite a while...over 200 pips of movement. Hope you're all short the Euro today as well! More About: Wake , Wake up , Nice , Chart
Your Trading System Needs Internal Controls
2007-10-17 02:16:00 I've said this before, but it's worth repeating - especially after reading about the rise and fall of Soul Trader's Grail forex system, which I always regarded as one of the most advanced automated systems around. Reading his explanation of why this system finally had to be shut down really brought home to me the need for rigorous internal controls on your trading system. By internal controls I More About: System , Trading , Internal , Trading System
Your Trading System Needs Internal Controls
2007-10-17 02:16:00 I've said this before, but it's worth repeating - especially after reading about the rise and fall of Soul Trader's Grail forex system, which I always regarded as one of the most advanced automated systems around. Reading his explanation of why this system finally had to be shut down really brought home to me the need for rigorous internal controls on your trading system. By internal controls I More About: System , Trading , Internal , Stem , Needs
Back in the Market After Some Forward Testing, a Bad Carry Trade, and a Bit
2007-10-11 19:35:00 Hello again, and apologies for this blog's recent suspended animation. For various reasons hinted at above I decided to give forex a rest for a while - but I'm now back and have just made my first foray into live trading the EUR/USD again. The principal reasons I took a break were: I was frankly a little bored and disappointed with the progress of my EUR/USD trading system. Out of impatience More About: Market , Testing , Trade , Back , Forward
Back in the Market After Some Forward Testing, a Bad Carry Trade, and a Bit
2007-10-11 19:35:00 Hello again, and apologies for this blog's recent suspended animation. For various reasons hinted at above I decided to give forex a rest for a while - but I'm now back and have just made my first foray into live trading the EUR/USD again.The principal reasons I took a break were:I was frankly a little bored and disappointed with the progress of my EUR/USD trading system. Out of impatience with More About: Market , Testing , Trade , Back , Forward
Crazy Candlestick Pattern
2007-06-05 04:59:00 I just thought I'd point out this rather rare candlestick pattern from last week's EUR/USD daily charts. This unusual creature emerged on May 29, undoubtedly in response to some piece of news I wasn't paying attention to at the time:What you're seeing here is a 100 pip range, and a closing price just 1 pip above the open. In candlestick parlance it looks like a Doji Star to me, or possibly a very More About: Crazy , Pattern
Crazy Candlestick Pattern
2007-06-05 04:59:00 I just thought I'd point out this rather rare candlestick pattern from last week's EUR/USD daily charts. This unusual creature emerged on May 29, undoubtedly in response to some piece of news I wasn't paying attention to at the time: What you're seeing here is a 100 pip range, and a closing price just 1 pip above the open. In candlestick parlance it looks like a Doji Star to me, or possibly a More About: Crazy , Pattern , Stick , Candle , Candles
Beware of Sloppiness
2007-06-02 00:37:00 Yesterday I made a trade I shouldn't have, and I made it because I was rushing through my trading routine and not paying enough attention to important little details. In short, I was sloppy. And the result was I lost 21 pips I should never have even risked in the first place. That's the great thing about forex - you can usually put an exact cost on your mistakes. In retrospect it's pretty clear More About: Beware
Beware of Sloppiness
2007-06-02 00:37:00 Yesterday I made a trade I shouldn't have, and I made it because I was rushing through my trading routine and not paying enough attention to important little details. In short, I was sloppy. And the result was I lost 21 pips I should never have even risked in the first place. That's the great thing about forex - you can usually put an exact cost on your mistakes. In retrospect it's pretty clear More About: Beware
Back on Track with FXCM
2007-05-24 18:39:00 Yesterday I made an overdue switch of trading platforms from FX Engines to FXCM's TradeStation II. If you've been following the last couple posts you already know the reasons: FX Engines has been down for several days (still is, in fact). As a result I missed three winning trades in a row, and would've missed another winner last night if I hadn't made the switch to TradeStation. Fortunately this More About: Back , Track
Back on Track with FXCM
2007-05-24 18:39:00 Yesterday I made an overdue switch of trading platforms from FX Engines to FXCM's TradeStation II. If you've been following the last couple posts you already know the reasons: FX Engines has been down for several days (still is, in fact). As a result I missed three winning trades in a row, and would've missed another winner last night if I hadn't made the switch to TradeStation. Fortunately More About: Back , Track , Trac
The good news: a seven trade winning streak. The bad news: the last two don
2007-05-22 00:04:00 As if to prove that nothing can ever go completely right in forex, I woke up today to find that my trading system made its seventh winning trade in a row - definitely a new record for real trade predictions, not just theoretical ones in my historical backtests. The problem was, I couldn't make this trade, just as I couldn't make the sixth winning trade last Friday (as I mentioned in my previous More About: News , Good News , Bad News , Trade , Good
The good news: a seven trade winning streak. The bad news: the last two don
2007-05-22 00:04:00 As if to prove that nothing can ever go completely right in forex, I woke up today to find that my trading system made its seventh winning trade in a row - definitely a new record for real trade predictions, not just theoretical ones in my historical backtests. The problem was, I couldn't make this trade, just as I couldn't make the sixth winning trade last Friday (as I mentioned in my previous More About: News , Good News , Bad News , Trade , Good
Missed a winning trade. But I'm not upset. Really. OK, maybe a little.
2007-05-18 18:39:00 If you've been following the blog much lately you'll know that I currently get a lot fewer trading signals because of some strict filters I've set up. So when a trading signal does come along, it's a big deal. And yesterday I got one to go short the EUR/USD for 22 pips, and in the ranging price action that followed it turns out it would have been a winning trade. Which would make it the 6th More About: Trade , Winning , Upset
Missed a winning trade. But I'm not upset. Really. OK, maybe a little.
2007-05-18 18:39:00 If you've been following the blog much lately you'll know that I currently get a lot fewer trading signals because of some strict filters I've set up. So when a trading signal does come along, it's a big deal. And yesterday I got one to go short the EUR/USD for 22 pips, and in the ranging price action that followed it turns out it would have been a winning trade. Which would make it the 6th More About: Trade , Really , Winning , Litt , Ally
Current Trading Strategy: Slow and Steady
2007-05-10 20:13:00 There's a lot less daily drama and a lot more sitting on the sidelines in my forex trading these days, and so far it's a strategy that seems to be working. Because of the filters and meta-signals I've added to my trading system, it generates a lot fewer signals than it used to, since it's switched off during periods when it's likely to underperform. So in an average week I'll now make 2 trades or More About: Strategy , Trading , Current , Slow , Trading Strategy
Current Trading Strategy: Slow and Steady
2007-05-10 20:13:00 There's a lot less daily drama and a lot more sitting on the sidelines in my forex trading these days, and so far it's a strategy that seems to be working. Because of the filters and meta-signals I've added to my trading system, it generates a lot fewer signals than it used to, since it's switched off during periods when it's likely to underperform. So in an average week I'll now make 2 trades or More About: Strategy , Trading , Current , Rent , Slow
Global Forex Trading Launches DealBook Web
2007-04-30 23:08:00 The first forex trading platform I ever used was Global Fore x Trading 's DealBook FX software, which I liked for its many charting options and indicators and fast trading performance. But I always felt a little limited by the fact that it wasn't a web-based application, which meant I always had to access it from the same computer unless I went through the install process on every PC I planned to More About: Forex Trading
Global Forex Trading Launches DealBook Web
More articles from this author:2007-04-30 23:08:00 The first forex trading platform I ever used was Global Forex Trading 's DealBook FX software, which I liked for its many charting options and indicators and fast trading performance. But I always felt a little limited by the fact that it wasn't a web-based application, which meant I always had to access it from the same computer unless I went through the install process on every PC I planned to More About: Forex Trading 1, 2, 3 |
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