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 Happy New Year! This is going to be a great year… Well, I didn’t have to wait long to get a trade setup this year. Another trade setup in the Wallaby and I took it. This trade was a little different from other Wallaby trades in that I actually added to the position because of [...]  In the past, I had a tendency to not pay attention to the charts immediately after I closed a trade. That meant losing out on some excellent opportunities that would have made up for a loss or added more profit to a winning trade. I’m not exactly sure why that was, but I have learned [...]  It has been awhile since I posted a trade, but there hasn’t been much to report. As I mentioned in a previous post, my trades haven’t been setting up so I have just been waiting around. It is just as well because the holidays have kept me a little busier than usual. This trade required [...]  As you have seen from my Wallaby posts, I have been using a demo account to track my real-time trading results in the EURUSD. However, when I logged in last week, I was disappointed to find out that my demo account had been closed. Crap. I chose IBFX to demo trade with because as long [...]  In my Wallaby Trade followup analysis, I wondered what the testing results would be if I used a strict 1:1 Reward/Risk profit target. This would probably increase the win ratio, but would it be more profitable overall? If are not familiar with the parameters that I used in the first test, read this post before [...]  Today I have a quick trade to report, nothing fantastic. There was a Wallaby setup on the 1H EURUSD, so I took it. The Wallaby indicator went divergent and Stochastics were way oversold. As the yellow Stochastics line rolled over, I entered the trade. It was a good entry and exactly what I look for. [...]  Here is another Wallaby Trade that I did on Monday. It didn’t last too long, but it was profitable. The only trouble was that I got out too early and had to go through the torture of watching the price drop even more. I would have made a lot more on the trade than I [...]  Happy Sunday Traders! I always look forward to the beginning of the trading week. To start the week, I want to update my trading log with the results from my AUDJPY trade. I wasn’t sure how high the currency pair would go, but I didn’t want the winning trade to turn into a loser either. [...]  I’m current in a trade in the AUDJPY. I decided to go long because of the two pin bars that looked like a sign of support on the 1 hour chart. Price has been in a steep decline and I have been looking for good places to go long. Instead of exiting as soon as [...]  Before I get to my completed trades for today, how about a flashback video from 1995? The opening line of this song is one of my favorites of all time. It can be a good song to start your trading with…kinda like the theme from Rocky or the Top Gun song. Just joking, but why [...] |
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