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 Why is it called that? Because consistent profits through good trading is just like Freeway Panda. This is a giant stuffed panda that I always see when I am driving on the freeway. I was just driving along one day and I saw it out of the corner of my eye. Of course, my [...]  Trading Forex can seem like a tightrope walk sometimes. You are always balancing between taking the profit you’ve got and hanging on for more. One false move and you could die! OK, I got a little carried away…it’s dangerous, but it’s not “falling hundreds of feet to your death” dangerous. If you have never [...]  This post is a little experiment in making my trade reviews more interesting. I found myself falling asleep yesterday doing my own trade review. Yeah, doing my own review! If I can’t even sit through my own trade reviews, how can I expect you to? But I don’t feel too bad. I have seen [...]  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 [...]  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 [...]  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 [...]  I missed a trade last week, so I wanted to be sure that I was on top of it this week. This trade came up on Sunday, so I took it. It was a pretty standard trade, nothing special. However, I did exit too early, so I didn’t make as much as I should [...]  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 [...]  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 [...]  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 [...] |
 
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax adviser if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Click here to read the complete disclosure statement. Compensation Disclosure: Links on this page may be affiliate links in which the owner of this website receives financial compensation if purchases are made through the links. | ||||||||||
