I'm back

After a few slow days and losing trades, I went short on GBP and have $326.07 in unrealized profit. Balance 12091.82

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My Competition

I have decided to compare the system I am using to some other alternatives out there for March, April, May, and June. At that time I may find a better way to make money off forex. I will measure by percent and or pips, Here is my competition:
The Forex Account Doubler: http://http://cgi.ebay.com/Forex-account-doubler-double-your-account-in-1-month_W0QQitemZ290209271584QQihZ019QQcategoryZ47103QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
PipSniper: http://www.pipsniper.com
FXGEO: http://www.fxgeo.net
4X-Signals: http://4x-signals.com
HGM: http://www.pipforia.com

Also I closed out of my euro position and opened short on the pound: Current Balance: 15429.81

All Good Things Must Come To An End- Somewhat

I closed out my long trade on GBP after seeing a strong downtrend. 217 strong pips. I am still long in euro waiting for an exit signal. Current Balance: 11456.86 Equity: 14783.93. I have nearly tripled the account in two months. Kinda cool.

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Double Up?

The Holy Grail? I stumbled upon an ebay listing that is selling an EA that doubles your forex account every month. Ok just to let you know that would take $2000 and make it $8 million in 1 year! The guy gave me his login info and he is using a demo with $400K for just 3 weeks. I may give it some consideration in July after its proven itself. I will update its progress from time to time. You can take a look at the list at: http://cgi.ebay.com/Forex-account-doubler-double-your-account-in-1-month_W0QQitemZ290209271584QQihZ019QQcategoryZ47103QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

No Losses For Novice Trader

I am killing it! Going long when the euro is hitting an all time high is sweet! Unrealized profit of nearly 5 grand since 2/22. Me like-y. I like this mid term trading thing.

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Oh Yeah

I took two tardes this morning with great timing on Euro and the Pound. Unrealized gain of $1220 so far. I need to adjust my lot sizes though as I am risking 10% a trade- way to much. Equity: $10633.71. I have managed to double in less than a month.

Allow Me To Reintroduce Myself

Ok after several losing trades in a row, I have decided to use the mid-term techique more. It uses 1 hour charts, so I won't be glued to the screen. I am in a mid-term trade that has gained $800 so far. Balance: $7798.40

A Little here , A Little There

Made a few bucks, but had to make a run in the middle of a trade so closed it out. Made$112.24. Balance: $8958.96.


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Damn It

Seems I left my midterm trade too early and missed out on 150 more pips. Jumped back in. Took a trade on GBP/JYP and lost my ass. Got a gain on EUR/JPY over $300. Balance: $9306.02

Slow And Easy

No trades today. What more can I say?

Doing Alright For Myself

I used the mid-term techique to make a trade of 152 unrealized pips on the euro so far. Let's keep this up. Balance $8612.83 Equity: $10133.88

I got a boost

Ok my computer got attacked and had to use another account on another computer. I had a great week. Started with a little more than five grand. I got a few signal in an email and used the system ending $8844.01.

When Chaos Strikes

Ok I took 3 trades with the JPY and they went against me. Fred sanford when call me a big dummy. Balance: $2566.75. Damn.

Moving On Up

I made a dumb trade last night, but this afternoon got in on a good move and profit $727.20. Let's work on consistency. Balance: $4458.34

Getting Better...

Ok this week is off to a better start than last week ended. 8 out of 10 winning trades. I have found that I trade better in the afternoon or PM times, so that is what I'm going to stick to. Current balance:$4131.53.

I Call Mulligan

Ok I'm starting over with a new demo. Basically calling a mulligan. I don't play much golf, but you get the idea. I need to manage my paper money better (i.e 3%). So started the day with $5000 and currently at $4438.66 after 4 losing trades.

Eternal Sunshine Of A Spotless Mind

You may be wondering why I came with this title... two reasons. One I rented it and fell asleep on it. And two I must have forgot my training because I'm getting killed in the market. In two days I have managed to lose more than $1300.oo. I attribute this to my lack of discipline and I need to review the system. Let's see if I can get my mind right....

Not A Bad Start

Ok I really need to review the FFE system rules because I took some trades that I should not have. A USD/JPY loss of $194.48, then I closed out USD/CHF at break-even, followed by $40 loss on the GBP. Then some winning started kicking in: made $176.56, took a $80 hit on the Euro. Finally to end the day, made $230 on both AUD and NZD. I started this morning with exactly $5000 in my demo account and it now sits at $5322.08. Not bad at all.

Ok I cheated

So I was a little excited about starting my training. On my other pc, I did some practice trading yesterday. Let's consider it a scrimmage. Well I loss a little (10%) then the EUR showed me some love (25%+)! Today I looked back after the market closed and I saw the opportunity to make about 80 pips. Not bad for a Frida, the day of the week I usually get killed. Well Monday I begin paper trading and hopefully within 3 months I'll make some real paper on this.

So Far, So Good

I have read most of the material concerning the day trading system and much of the material that covers the mental game. I read it twice and now I am very comfortable with it. It is not a difficult system. Although I won't start training until next Monday, I have set up my charts and have seen several profitable opportunities. I can't wait to prove to myself (and you all) that this can work with paper trading, then on to the real money....

In The Beginning...

Ok after months of consideration of my options, I have decided to go the education and mentoring route under Strategic Trading Systems and mentoring by Jon Levine. I put in a lot of thought and research and I read 99.5% good things about his system and mentoring. I'm off to read about this system. Let's see if we can get it done....
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