Every trader should have a trading plan. The saying: ‘If you fail to plan, then you plan to fail’ might be a cliché, but it is none-the-less still very valid. A good trading plan should start with a general outline, and then broken down to specifics. I personally, have a general trading plan, as well as a journal which I use to list my trades, and the specifics regarding setups. For my swing trades, I also note daily developments. Doing this is useful to be because it helps me to later evaluate my trading plan. Here are some guidelines to follow: Read more »
Forex Trading Journal: Eur/Jpy
I have a potential trade setup on the Eur/Jpy this morning. The pair has dropped down and is now having a pull back and is moving into resistance. Read more »
Forex Trading Journal: Getting Ready To Short Gbp/Usd
Since I am tired and once I place the order I am going to bed :) Read more »
Forex Trading Journal:Gbp/Jpy Daily Trading Range
The Gbp/Jpy has been in a range for some time on the daily chart. Read more »
Forex Trading Journal: Usd/Chf July 11th
If the pair closes higher then the previous high on the daily chart I will be looking to enter long. That will be a trade that I am thinking of trading based on the daily chart. Read more »
Forex Trading Journal:Last day of the Month
This entire process has been a great learning opportunity for me and for all that have been following along. You can follow the entire month by Read more »
Forex Trading Journal: June 21
Hello traders my first trade of the week is going to be Gbp/Jpy. The pair has been moving lower all day today and is not approaching some heavy support around the 134.00 area... Read more »
Forex Trading Journal: 1hr Triple Top
There is a triple resistance point on the Gbp/Usd seems to be holding at this time and there is a 1hr setup. I will let the charts speak to you about the setup. Read more »
Forex Trading Journal: Last Nights Trade Results
The Eur/Usd had a tremendous up move yesterday running up 11 hours straight. I thought that would be a good time to short the pair once the pair started to drop. I entered short and the price dropped about 30 pips and I moved my stop loss to break even. Read more »
Forex Trading Journal: Eur/Usd Decision Area
The Eur/Usd has moved up a large amount and the buying momentum has been increasing. However this pair is still in a long term down trend so the bigger a bounce we get the better opportunity for a tremendous short trade will be. Read more »
