Status

Looking at the big picture (daily) going with the 15min trend, scalping...

the rsi and macd are the controlling indicators...

Happy New Year..! best day trading ever...!

Scalping Forex

This morning I scalp some pips...
followed the plan and made some dough.

Love the bbs

Good trading

Good trading all day from 6 am New York time till 10:30 pm
Traded morning, some at noon and some tonight
The chart is the evening trades.. 4 trades.

Yesterday I lost ground but today made up for it plus some.

I m thinking not to trade Sundays. as the trends are not obvious yet. Spread was a bit large for my taste too.

ride the stocastics

This morning I took small positions and got stopped out. I was trading in the direction of the 15, but price had bounced off of the pivot. so when I entered a large lot size in the direction of the 5 min 1 min and 30 sec and sold out at the target. Over the upper bb on 10 and 30.
20 pips

Trade

The 1 5 and 15 lined up. the spread was .09 and there is movement
Here is a scalp taken on the 10 sec chart.

Week results

Im not trading on fridays.
Scalped all day for 1 pip. At one point I was down almost 100 pip..

Ended up the week up 2.5% on principal.

I have found working with the MACD and bollinger bands to be good for me. Scalping on the 1 and 5 and 15 min charts...

evening trades MACD crosses

Short on the MACD cross and then I kept adding to the loser.. til it crossed back up and I flipped position and made nice return thru the Daily pivot and on the over shoot of the round number.

My initial strategy was to play the failure of the pivot but as that became obvious that it wasnt going to work, the precentages of the over shoot began to move higher. So I added just a bit more over 1.470

In all I made 46 pips on the move.

Strategies

I use 4 strategies that are outlined on this website.

http://forex-strategies-revealed.com/

Last week i formalized a trading plan and money management scheme.

Since April I have had serious good success with forex trading. so onward and upward it is.

Morning Trades

The first group is based on the pull back of the new up trend and the second was based on the 5 min and 15 min charts, looked like it may try one more time which it did and as I write this it failed... good for 30 pips

Breakout

This chart of tonights trades shows I made 16 pips

Using the Stocastics

Here is tonights trade using the falling stocastics as an entry point with the predetermined exit point.

stoc hook

here is an example of what I call the stoc hook which is very bullish.. good return however.

3 am trade

played a small leg up and a larger move down, for 20 pips

Update

Forex trades: more positive trades.. but occasionally when it goes against me, the loss is too big.

Working on that..

First trade today

Here is a chart of the first scalp.
I took .08 on my trade. Tiny right? And I missed a ton...

however.. a bit of math:

My account size $73

.08/73 = 0.11%
0.11% * 6 days = 0.66%
0.66% * 50 weeks = 32.88%


So interesting.. return on my $75

Forex Trading.

For the past 2 weeks I have been currency trading. Having been a trader for 3 or 4 years.. I find this trading excedenly satisfying.. while Im not trade large lot sizes I am making a very good precentage profitable trades.
Ive seen no need to change my style since I out lined it previously. It had worked consisetantly.

SO I will post a chart or 2 on monday night with actual trades on them

Peace

2 Trades

How I made money on my birthday!

15 Min chart said short. 5 min chart said breakdown.
1 minute chart shows the trades taken.

10.8 pips in 2 minutes...

7 trades

So far today Ive taken 7 trades, all winners.
Im up ...

here is a screen shot of the trade results... for the last 2 days.

6 Trades

I made 6 trades today all profitable. for a return of 2.1%

Mostly they conformed to my plan which is to go long or short depending on the trend of the 15 min with the RSI MACD and Stocastics in line and backed up with the 5 min and the 1 as signs

Forex Trading

I am unsure as to what this all means.

For the past 5 days I made 43 trades in the game account at OANDA. I started with 1000.oo and currently the balance is 1104.60

Every one of the 43 trades I made was profitable.

I use the 15 min chart to take the lead on. I have the 5 min and the one minute. to support the trade idea.

On the 15 min chart I have Bollingerbands, RSI Macd and Slow stocastics. On the 5 min chart I have just bollingerbands and on the one nothing.

If the RSI is moving up, as well as the slow stocatics and the MACD, then I favor long. Relationship to the BB is very important LONG under SHORT over is very key.

These are all scalps.... in and out.

Im a scalper..

I think what I need to do is do this for another 3 weeks. If it still looks good Im going to fund this account at the $500 dollar level.

Also, and more importantly I am going to meditate on my attitudes... as this game account has no pressure. I am going to try and add the pressure.

3 or 4 years, and I forget now, trading every day in stocks reading charts, learning signals and studies.. has seemed to pay off here. I dont think I ever went 4 straight profitable stock trades, much less 43 ...

As I said Im unsure as to what this means.