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Tag Archives: professional

Weekend Trading Update. Great Week Of Training This Week.

GreGreat Week Of Training This WeekMorning all. This week has been a very busy week for me training wise, and i have not had that much time to focus on trading myself. I have taken a few trades, but not as many as i normally would. I did have a loser this week for -37 pips, but i still came out of the week with my 100 pips target intact. 🙂

Although i have not made that much money this week i am very happy with what i have accomplished. My new students are doing very well and are starting to see, and trade the high probability set ups that i am teaching them.

If you are a regular follower of my blog you will know that i have not been teaching for that long, but teaching is going to be a major part of what i do, and i get so much more out of that side of the business than i get out of trading. Trading is great, and i love it, but its a really good feeling when you are teaching traders how to trade profitably. Traders that have been trading Forex for a number of years and losing money, that are now understanding how the market works, and how to profit from it, and they are realizing that they no longer have to give their money to their brokers, and their days of losing money in the market will soon be over. Traders that have always dreamed of becoming profitable are now closer to their dreams and its all because of your training. It don’t get much better than that i can tell you. Can i just say thanks to the guys who have been giving me some great feedback this week, i really appreciate it, and i am looking forward to next week. 🙂

OK here are the trades i took this week.

Monday i had a great set up on Euro Dollar, but i had lost my news feed so i did not take the trade. I don’t trade the news but i like to listen to it to give me an idea of whats going on in the market. After that trade i did not get any other set ups. I think it was bank holiday in Europe so it was pretty quiet.

Tuesday, was not a great day. I entered Cable long at a key reversal level but price took another 4 hours before it reversed. It was one of those slow grinding moves lower that do not give you any opportunity to get out of the trade. Normally you will get some sort of pullback to enable you to get out, but on this move it just kept going. I decided to call the trade in at -37 pips. It went down another 10 pips before it reversed very aggressively, as i expected it to do when i got into the trade. It was an unusual move, and i should have waited for a better entry signal, but when you are trading off reversal levels you have to make the call to either enter at the bottom or wait for the reversal to start. I decided to enter at the bottom, but it was not the bottom unfortunately. 🙁

Wednesday i took Euro long for +30. I also took Dollar Cad short for +20.

Thursday i took one trade late on, on EJ long for 38 pips. I love trading EJ as you can get your pips really quickly.

Friday i took 2 trades very late in the day. I had a few hours off on Friday, and took my wife out for lunch. I was waiting for some key reversal levels to set up, and they came into play at after the UK session had closed. I don’t normally take trades at that time on a Friday, but i had been waiting for these trades since Thursday morning so i decided i was not going to miss the opportunity. I took EJ long for 39 pips and AJ long for 37 pips, which was a great bonus for the week.

Total trades for the week 6. 5 winners 1 loser. 127 pips profit.

I currently have one spot left for one to one training. When that has been taken its going to be 2 months before i can take on any more students. If you wish to take the spot please ring me on 07939 42 7000.

Recording Of A High Probability Euro Dollar Long Trade 17th April.

Recording Of A High Probability Euro Dollar Long Trade 17th AprilI have made another recording of a high probability Euro Dollar long trade that i took today. The recording is quite long as i wanted to get as much live price action into the recording as possible, so please watch it to the end, as the end is the best bit. 🙂

Its a counter trend trade off a key reversal level. Its quite a brave trade to take as i was trading against the news that the ECB may cut interest rates in the near future which saw a big sell off in Euro Dollar.

I was confident of my level though, so i had no problem taking the trade. You will see from the recording that i picked the entry and the exit of the trade very well. My entry was within a few pips of the low of the move and my exit was within 2 pips of the high of the move.

The recording is below, i hope you enjoy it.

If you want to learn how to trade Forex using high probability trading strategies, please consider my Forex training course.

I will not be trading or teaching for the next 2 weeks from Friday as my wife and i need some sun, so we are taking 2 weeks holiday, cruising in the Mediterranean. Its such a hard life being a professional Forex trader. I will be answering emails and calls while i am away, as the ship has a great internet connection, but i need a break so i am not trading. I will catch up with you all when i get back, sun kissed and refreshed, and a few pounds heavier no doubt. 🙂

Anyway enjoy the recording.

Equities Selling Off, Yen Weakness, Ozzy Dollar Down.

Equities have been selling off strongly this week and we have seen dollar strength. This has put a lot of pressure on Ozzy Dollar, which has fallen more than 150 pips in the last 2 days.

The Yen has also been very weak on the back of talk of further monetary easing, but Euro has been surprisingly resilient. We have made a bit of money on Euro Yen this week, and we have also had a good run on Euro dollar.

Here are the trades we took Yesterday.

First trade of the day was Euro Yen Long at 10113 up to 10174 for 61 pips.
Second trade was Cable long at 15855 up to 15875 for 20 pips.
Third trade of the day EJ short at 10122 down to 10102 for 20 pips. That trade initially moved against us, and i did consider closing it at one point, but decided to hold on and our analysis proved to be correct as it came back down for 20 pips profit.

Here are the trades we took today.

First trade of the day was Euro dollar long at 12721 up to 12781 for 60 pips. We actually opened that trade yesterday but closed it today.

Next trade of the day was AUD long at 10318 up to 10333 for 15 pips.

We also had another Euro long trade that i closed for 13 pips.

We just missed another AUD long by 1 pip which would currently be in around 22 pips profit. 🙁

We are having a decent week so far, and i am hoping for more pips tomorrow.

If you want to learn how to trade like a professional Forex trader, please consider my Forex training and mentoring program here.

How Professional Forex Traders Make Money

Forex trading is a business and should be treated as a business. When you trade you are putting your money on the line against professional Forex traders.

What makes a professional Forex trader?
Why do some people consistently make money from trading Forex while others consistently lose?
What is the secret to making money from Forex trading?
What do you need to enable you to make money day in day out?

I am going to share this secret with you. I am going to share the secret that myself and other professional traders use every day to make big profits from trading.

The secret is knowledge, yes knowledge. Knowledge is everything in Forex trading. The more knowledge you have the better a trader you will be.

Despite what a lot of people say, a professional Forex trader does not trade with a feeling, or a gut instinct. He trades with knowledge. He knows when price reversals are likely to occur, he knows when to enter a trade, he knows how long to hold the trade for, and he knows when to exit a trade and bank his profits.

A professional trader will execute his trades with calm and precision, while amateur traders will run around like headless chickens, trying to scalp pips from everywhere.

When you have the knowledge, and you can apply it, you will become a laid back chilled out trader, and not a frustrated nervous wreck.

Knowledge is what separates the winners from the losers. So if you are a new trader just starting out, or you are an experienced trader that is struggling to make consistent profits, take my advice. Forget about adding money to your bank account, and concentrate on adding knowledge instead. Knowledge is how professional Forex traders make money.

If you want to add to your knowledge, and learn how to trade Forex like a professional, please consider my Forex training and mentoring program here. It will be the best investment you will ever make in the Forex business, i can guarantee that. 🙂