Thursday, July 2, 2015

Thursday's Plan

** 11:15 Update

I thought I had a good long entry at the open when price seemed to hold at the 2074 level (Euro session high volume area). Luckily price moved the +1.5 I needed to raise my stop just before it rolled back over. I'll check back after lunch to see if the pace picks up some, if not I think it's best to call it a week. It's too easy to over trade in this type of slow grind. Have a good weekend!

Wednesday, July 1, 2015

Wednesday's Plan

** 11:50 update

One breakeven trade for the day after price fell below the previous day's resistance level and moved back to test it from below. Closed the trade out at my entry after a lack of follow through, took a small commission loss.

That's it for me, only working till lunch during the summer this year. Hope you guys have a good one today.

Tuesday, June 30, 2015

Hello again!

I've spent the last year working with 3 pro traders who also take on a couple of traders at a time helping them identify and correct issues they're having. The things I learned from these guys you just don't find in books or seminars, I was very lucky to find them.

I had a tough time reading the market today, price action was a bit tight and got a few conflicting signals with Volume. Unless the picture is fairly clear I'm better off to pass. I was watching for a long setup off the purple line (support during the European hours) but nothing formed there.

Monday, February 3, 2014

Blog Taken Offline.

It's time to stop blogging and focus instead on my trading.

Such a cool ad!

Saturday, January 25, 2014

Four Traits of the Perfect Trader

From SMB...

Maybe “perfect” isn’t the right word. We can strive for it, but we’ll all fall short of it given enough time. Greatness? That’s attainable. Continue reading...

Six Reasons Traders Fail That Most Traders Don’t Think About

From the SMB blog...

1. Lack of direction. Traders often fail to establish clear goals and create plans to achieve those goals. Continue reading...

Paper Trading: Does it Help or Hurt?

From the SMB Blog....

When it comes to paper trading, there seems to be two strongly opinionated sides to its purpose in helping traders learn how to trade. Continue reading...