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Back from Hiatus...

Wow...it's been a while since I posted anything regarding trading. I've got a new strategy(for me anyway) that's quite simple and so far, has been quite successful. I'll be posting images of live trades as they come along starting tonight. Trading is a tricky business to master. Typically it's the psychology of trading that's the most difficult area to progress through. The next most difficult area for me is trade management, of which 50% of that falls under trading psychology. I'll be adding my thoughts of why I entered a trade, thoughts during its progression, and why I exited the trade to my posts. My hope is that folks who visit this blog will get an understanding and possibly a bit of education as I progress toward my goal as a full time currency trader.
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Cable to the Rescue...

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During an incredibly slow Asian session I was fortunate enough to find this little nugget. A nice short entry off a lower high at the weekly high. Inside bar on the 5m chart was my signal. Price sat there not moving for nearly three minutes then dropped very quickly.
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Some Basic Information...

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People always want to know what software and hardware you're using for trading, what's your trading environment like, etc. Here's a bit of information about my trading area: My office is in the loft area of our home. It's quite comfortable and far enough away from the normal hullabaloo of what ever else is going on in the house. Usually, that's not too much since I'm based in California, eight hours difference to GMT. Though forex(foreign exchange) or currency trading is a 24-hr market, my trading session runs from near the end of the Asian session (10:00pm PT) to approximately a couple of hours into the London session (1:30-2:00am PT). I've found this zone provides plenty of entry opportunities if you stay focused and don't dilly-dally surfing on the net, watching YouTube, etc. If you need to read trading related news or find out what fundamental data will be released during your session, try to do it before the session commences. Make notes, whatever i...
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