Monday, December 13, 2010
Here are a series of screen captures of this morning's trading. During this trading session, I demonstrate how to use the faster moving average lines as the "track" for the SL line to move along. This adjustment to the strategy can be utilized when trading volume is lower than normal, and when the rate is moving sideways, or oscillating between a small range of pips. I talk about the pros and cons of using the faster moving average lines as well. I finished my trading day with a 10.30% gain.
Thursday, October 14, 2010
Today I started trading with a small amount of real money ($150) to demonstrate how it's possible to turn that small amount of money into something outrageous. Previously, I was just trading with a practice account, and I was able to double the starting balance within 20 trading days (days that I actually traded).
In these videos, I introduce a revised projection chart that is very similar to the original. The only difference is how I've broken up the daily target projections. For my personal trading purposes, I've created 4 columns for 4 different trading times (Euopean Session, (2) for the U.S. Session, and the Asian Session). My daily goal is 8%, focusing on 2% gains during each session that I trade. Obviously, if this is accomplished, the final percentage for the day will be greater than 8%.
I will make this type of projection chart available to download shortly. However, this is optional, and you don't have to use it.
In terms of my trading day, it started off shakey during the European Session. There was a lot of sideways movement, primarily due to the bullish move in favor of the Euro during the Asian Session. I actually stopped trading with a loss of 1.95%.
I began to trade again after the opening bell for the U.S. markets and was able to finish my morning trading with a total balance gain of 5% so far. The attached "morning trading" videos show how I was able to accomplish this.