The New Trading Year

Well the holidays are over and we had a nice rest, while we trade, yes I did trade while I was on holiday, that is the beauty of the floor pivots it allows you to trade even while you are relaxing.  The question is did I make any money.  Yes I did and lots as well the trades just run a bit longer than usual but it made profit every single time.

The new is going to interesting as most so called experts predict that 2010 is the year for recovery well that remains to be seen.  There are so many factors at play and if you are a believer in Elliot Wave Principles then 2010 might be the year of the lowest low before the run up.  But then I am no expert.

I start trading in all earnest on Monday I will then post my charts.

Still Trading

Have been very busy lately but it was also very profitable for me.  I have traded the GBP quite extensively and it still amazes me after this long time about the reaction of traders to events in the market.  I have been swing trading a lot and my profitability have increased dramatically to 128,16% per annum.  I am very satisfied with the way that my trading has been going this year.

What is so satisfying about it, is that I was away for a long time this year and despite of that I still made a respectable profit.  What I enjoy most is the fact that I don't have to sit in front of the PC and track the trades all the time, I just read in my levels with Target Price's and then walk away the system does the rest.

I just love this game.

Trade the GBP

Well all my long positions on the GBP got filled so now it is just a question of time.  If this trend is continuing then it is good for me in the sense that I can start building towards becoming a full time trader.

Trading the GBP

Did well last week, took longer than I thought but then all good things come to those who wait.  Only got closed out Friday night.  Decent profit of 192 pips.

This week should have started off good but I missed the opening move on the GBP.  No problem will get filled a bit later.  I have open positions on the GBP loaded for the week so all I have to do is wait, lets see what will happen this week.

Limit orders on the GBP

Limit orders open on the GBP.  New week new orders.  Closed last week positions for a profit of 214 pips.

GBP Trade

The trade on the GBP is going well.  Amazing for a Friday night.  Well lets see if the TP is going to be hit still a couple of hours of trading left.

Trading the GBP

This week I have done two trades on the GBP.  The trade I went short from the M3 as entry with the WPRL as the exit.  This gave me a 124 pips profit. The second trade I went long.

My first entry was @ the WM 2 @ 1.6479, second entry was at the WS 1 @ 1.6347.  The TP is @ WPP 1.6612 or if I get filled at the WM 1 then the TP is @ WPRL @ 1.6556.  It is Friday so I don't expect to be closed out today more than likely either Monday or Tuesday.