I didn’t do a whole lot of blogging because I’ve been working on a community (launching this month), but here are the top three:

1. Interviewed Pro Trader Adam Jowett and found out how he became a professional trader WITHOUT a mentor.
2. Posted (what I consider) the Ultimate Free Education Resource if you are looking to learn a lot about Forex without spending a dime.
3. Discovered a really exciting free mobile Forex charting app that I believe is going to revolutionize how you use charts on your tablet or mobile phone.

Now on to the trade review:

The final result for this trade was a +0.37% gain on the account and a +7.62% gain for the year. If you want to see all of my results, check out my MyFxBook Report and see how I started trading this strategy.

Do you post your trading results online?  I would love to see them (if you would like to share), feel free to post a link below so everyone can learn from what you are doing.

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So whenever I see a setup, I force myself to take it unless it is obviously bad or I’m on a really bad losing streak.  This was one of those cases where it didn’t look like a good setup.  But sometimes the ugliest setups turn out to be the most profitable and sometimes the prettiest setups end up stopping out.

It’s all about sticking to what you learned in backtesting.  Here is the short 2:50 trade review:

The final result was a +1.11% gain on the account.  To see how I started trading this trade from learning it, to backtesting it, to demo trading, then finally trading it live…check out the Wallaby posts.  It is in reverse chronological order, so go all the way back to start from the beginning.  My live trading record for this trading strategy is available here.

What do you think?  Feel free to leave a comment below.

Although I traded on Friday the 13th, I didn’t get a chance to review my trades until the 14th.  Being that it was the weekend, I wanted to get some sun.  I sit in an office with no windows all day, so good weather must be enjoyed.

So I took my computer down to Waikiki Beach to check the waves and review my trades.  That is the great thing about trading, you can do it anywhere, as long as you have a computer and an internet connection.

That gives you a lot of options.  Even if you want to keep your day job and trade on the side, at least you have the option of changing your scenery once in awhile.

Anyway, here are the two trades that I did:

The final result was a +1.81% gain on the account.  To see my trading report for this strategy, check it out here.  If you want to see the process that I went through to learn, test and trade this strategy, click here.

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Photo: dan taylor

I ended the month with +1.93%, so it wasn’t a bad month. I’m not quite back to the level that I was at back in January. On the whole, I’m satisfied with how the month went. There wasn’t too much more that I could do, given the setup.  To see all of my trades, check out my MyFxBook report.

I guess it could have been worse…could have been this guy:

Does that look familiar?  I hope not.

That is probably the worst Forex commercial ever.  They show a loser, but say that winners trade with Alpari.  Hmmm….

How was your trading this month? Let me know below.

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When I look back at some of these trades, I wonder: “What the hell was I thinking?”  Have you ever had that experience? That is why I would recommend logging your trades and doing a trade review after you are done.

It does not have to be on a blog, but you do have to get an objective look at how your trades went. You may even consider doing a video journal.

The final result was +2.45% on the account.  You can see all of my trades here.

Here is the trade:

The final result was a -0.99% loss on the account. To see all of my results from this trading strategy, check out my online report and follow how tested this trade.

February 2012 Results

I finished February down -2.79%.  As I mentioned before, if I had taken two setups that were available, I probably would been profitable, or at least broke even.  In case you missed it, here is the video that shows the other setup that I should have taken.

What’s Next?

I haven’t been giving my trading the attention that it needs for me to get to the level that I want.  I’m going to be much more aggressive about getting back to testing systems that will allow me to make more consistent income.  My initial thought is to start looking at 15 minute trading strategies.

The 1 hour timeframe is good because I don’t have to watch it as often, but that also means fewer opportunists to apply my advantage.  I need more opportunities if I want to grow my account faster.

However, I will continue to trade the Wallaby 1 hour strategy since I have put in the time to test it and I do feel that it is a viable way to trade.

I have ordered the AUDJPY course (affiliate link) from Chris Lori and I look forward to checking it out. Stay tuned for the review on the product.

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So, getting into the trades for today.  These are two trades that I took earlier in the month.

The first trade went down on the 9th and it looked like a good setup.  Price was ranging at a resistance level and it looked very toppy to me.  So when there was a divergence, I took the trade and got stopped out immediately.  As it turns out, it was a top, but the next divergence was the top…and I didn’t get in the second time.  This resulted in a -0.78% loss.

The second trade took place on the 15th and this time, I went long.  Price continued to head down and I got stopped out. That trade lost -0.91%.

I’m OK with these losses because they were both under 1%.  My only disappointment was that I should have taken the second setup on the 10th.  That would have made my money back and then some.

Anyway, here is the video:

If you want to see how I am going with the Wallaby trade, check out my full trading report.  To see the entire history of how I started learning, testing and trading the Wallaby, check out the series here.

How is your trading going?  Did you also open a can of LOST?  Or are you winning?

They tried to make a TV series, but it got canned

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Photo Credit

First, I want to prove that this system works with real money in live market conditions.  Although some people may argue that this is almost like trading a demo account, I disagree.  Even having a small amount of money on the line is way more realistic than trading any demo account.

Second, I want to prove that beginners can start with a very small amount of money and only add more money when they are successful with the small account first.  This was Haji’s recommendation to beginners when I interviewed him and I think that it is very sound advice.  Starting small will be an integral part of my message on this blog.

Anyway, on the results.  It was a pretty good month…

January 2012 Results

The final result was +5.39% on the month. Yes, this will not make me rich, but it is a great start.  If you want to see all of my trades in this account in (almost) real time, check out my online Trading Report on MyFxBook.

I feel that I did a really good job of being patient and letting the trades come to me.  On the other hand, I did miss a couple of trade setups that would have been profitable.  But overall, I’m happy with the performance.

How was your trading in January?  Feel free to leave links to your trading reports on MyFxBook/MT4i, your YouTube trade reviews or your blog posts.  Let me know in the comments below…

I already have enough Viagra, thank you very much…I don’t need those links.

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