Since I was on the freeway, I could not turn around.  I had to keep going.

Combine that with the speed and the fact that I was on a motorcycle and that made it almost impossible to take a picture of…it was elusive.  Eventually, I saw it enough times that I had to get a picture of it, just because it was so weird.   So I stalked it and here is the picture:

It looks a lot bigger in real life!

Consistent trading profits are also elusive.  Yes, that is a huge stretch…trying to connect a giant stuffed panda to Forex trading.  But I’m trying…

Anyway, here is the trade:

The final result was a +0.61% on this trade.  To see all of my trades in (almost) real time, check out my trading log and click on the full report.

If you have never heard of this movie, I would highly recommend that you check it out on Netflix.  I mentioned it before, but I never posted the video.  Or if you like to kick it old school, get the DVD.  I don’t find it inspirational because I want to do something crazy like this.  I find it inspirational because it shows us how far you can really take your passion.

Check out the trailer:

How far can we take our trading?  What is really possible?

Well, I was definitely walking the tightrope on this trade.  Here is the analysis:

The final result was a +1.03% gain on the trade.  As always, this was a strategy that was backtested and demo tested before ever risking real money.  You can check out the history of the process here.  The price action looked good and I should have let the final position run!  As I write this, I would have been up 252 pips, if I held on.

Oh well, this is why this blog is not called “Duh, Winning”.

But that’s not the right way to think.  I’m not going to should all over myself.  Lesson learned…bring on that next trade!

Hope you are trading well!

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Photo Credit

But I don’t feel too bad.  I have seen other trade reviews on the internet and most of them are equally as lame.  So I got to thinking…how can I actually make them interesting to read?  This is my first crack at it…

The Trade

Of course, since I am only trading the EURUSD Wallaby at the moment, that is what I traded.  Here is the video review.  It is short, so stay awake because there is a funny video after the trade review.

The final result was a +1.14% gain on the account.  To see the complete process of how I started trading the Wallaby, check out the Wallaby thread.  To see my complete trading results for the Wallaby going back to December of last year, view my trading record on MyFxBook.

I am currently trading live, but in a small account that was started with $100.  I am doing this to establish a real track record and demonstrate to beginners that they can start with very little money and take very little risk.

The Prank

What is the best way to get back at your “buddy” on the trading floor?  Find out in this video:

What do you think?  Does something like this make my trade reviews more interesting?  Let me know by leaving a comment below.

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 what I saw.

Ordinarily, I would have called that gambling, but in this case, I had a really good reason based on the price action.  This raised the risk to more that my usual 1%, but not by much.

Enough writing….here is the video:

Results

The final result of this trade was a +2.15% gain on the trade.  To see all of my Wallaby trades since December 2011, check out my MyFxBook page. I have gone back to trading real money, but in a very small account.  This is to get around any potential demo trading restrictions and I am going to use this as example to beginning traders on how to get started.

If you want to see how I was doing before this, check out this post, where I show every single one of my demo trades.

I’m going to start my verifiable track record this year and stick to it.  Luckily, websites like MyFxBook make it easy to do.  Check out my tutorial on how to get started.  It is totally free to use.

Stay tuned for my goals in the next post…

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This is a case of a back-to-back trade that I probably would have missed before.  As I mention in the video, I think that this trade will eventually work out well.

I closed it out early because we are going into a weekend…a New Year’s weekend at that.  If it were almost any other weekend, I would have kept the position on because I like the price action.  It is also nice to go into 2012 with a clean balance sheet.

Happy New Year and Thank You!

Have a safe New Year’s celebration and thank you for reading my cheeky little trading blog.  I really do appreciate you taking the time out to visit.  It still seems a little weird to me that people would be interested in reading what I write.

I know that every blogger says this, but 2012 will be a big year for Trading Heroes and my trading.  I finally feel like I am on the right track after a little soul searching.

To stay up to date, follow me on your favorite channel, Facebook, Twitter, Email, RSS or Google+.

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This trade required some patience.  I actually entered the trade back on the 23rd and only closed it out last night.  I exited the trade early, as you will see in the video.

This is something that I may not have done in the past, but my backtesting has helped me realize that sometimes it is better to take a small profit when price is not doing what I want it to, than to wait around to get stopped out.  Will this mean that I will miss out on a big profitable move here and there?

Sure.

But I am OK with that.

The final result was a +0.17% gain on the account. That’s not going to get me my Porsche any time soon, but at least I didn’t lose money.

Click here to see my public report for the Wallaby trade. As I mentioned in this post, I have moved my journal back to MyFxBook and am using it with a very small live Oanda account.  If you want to use MyFxBook with Oanda’s MT4, check out this post on hooking them up.  MyFxBook also works with the Oanda FXTrade system too…and very well I might add.  I’m glad that they got that fixed.

This will allow you to track my progress in real time and see how I am really doing.  If you want to see the results of my trades as I close them, you can also follow me on Twitter.  How many other forex trading websites actually show you their live results?

Questions and comments are welcome in the comments below.  Hope you are trading well!

Oh well, I’m OK with it.  I’m doing a much better job of not dwelling on “wouldda, shouldda, couldda.”

This trade resulted in a +0.45% gain on the account.  I am still trading it in a demo account.  You can see all of my trades by clicking here.

The total Wallaby account is up 5.58% in 98 days.  I am only trading the EURUSD in this account.

As the yellow Stochastics line rolled over, I entered the trade.  It was a good entry and exactly what I look for.  The tough part then becomes managing the trade.

For some reason, I had a feeling that the initial profit past the entry was the best that it was going to get.  Something told me to exit at that point, but I didn’t listen.  Price dipped back down and I exited near my entry for a few pennies profit.

Judging by the current price action, that resistance may hold and my initial gut feeling was correct.  Still too early to tell though.

I’m OK with how this trade turned out. Sure, I could have bagged a decent profit on the trade, but at least it wasn’t a loser.  I’m getting better at letting trades go that “could have been” and this is a perfect example.

I just need to let it go and not let the result of this trade influence my next trade.  To see all of my trades for the Wallaby, click here to see my live public trading report for this account and exactly how many pennies I made on this trade.

It is a demo account, but the live reporting helps me make it more real. The Wallaby has been doing OK so far.

Hope you are trading well!