Forex Trading February (updated) Update - xlt forex trading and analysis sessions

Forex Trading February (updated) Update ~ xlt forex trading and analysis sessions

I would not believe ill be saying this at the beginning of the month but..
. "I didnt burst my account!!!"

Whew! Trading is indeed risky and volatile, if you do not manage it properly. I was experimenting different strategies with different indicators and almost went into a losing position. It was a good think my mentor manage to hit me back on the right track towards the end of the month before my trades turn into profits. 

See my roller coaster ride below...

Trades in the beginning of the month.

Some of my better trades above.


Summary of all trades

Currency pair		Total Profit		Total Loss		Balance
audjpyx		143.04		(52.65)		90.39
audusdx		15.59		(11.50)		4.09
eurgbpx		67.85		(83.05)		(15.20)
eurjpyx		11.65		(52.94)		(41.29)
eurusdx		68.64		(26.05)		42.59
gbpjpyx		6.57		-		6.57
gbpusdx		31.97		(34.50)		(2.53)
nzdjpyx		6.17		-		6.17
nzdusdx		33.22		(42.50)		(9.28)
usdcadx		61.51		(20.80)		40.71
usdjpyx		48.45		(78.62)		(30.17)
TOTAL		494.66		(402.61)		92.05

It is interesting to know i spent more time organizing the data than placing the actual trades. And check out my profits and losses! Its like the case of having to score more goals against the opponent than conceding. However, in this very educational month. I learnt that it was better to trade at the times when the market is open for a particular currency pair as there is more volume and is therefore easier to trade. 

eg. Tokyo Stock Exchange opens at 8am SG time, therefore i will pay more attention to JPY currency pairs.
(I have listed the opening times of some major currencies on right side of my blog for easy reference)

New York opens at 10.30 pm to 5 am (SGD Time)

Tokyo opens at 8 am to 2 pm (SGD Time)

Sydney opens at 7 am to 1 pm (SGD Time)

London opens at 4 pm to 12.30 am (SGD Time)


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Forex Trading January (updated) Update - forex trading youtube explained

Forex Trading January (updated) Update ~ forex trading youtube explained

What an exciting month of trading it has been! From analysing of the charts to actually firing of my first trades and increasing of my stake at time goes by, it has been nothing short of excitement and feel of the adrenaline rush. But here i am producing my very first
report card of the month.

Closed Transactions:
Open Time	Type	Size	Item	Price Enter	Price Exit	PIPs	Profit
2015.12.22 05:24:14	balance	Deposit Bonus					150.00
2015.12.22 05:24:14	balance	Deposit					500.00
2016.01.04 09:36:33	buy	0.01	eurcadx	1.5182	1.5212	30.0000	0.21
2016.01.04 10:14:18	buy	0.01	eurusdx	1.0928	1.0951	23.0000	0.23
2016.01.05 04:12:14	sell	0.01	euraudx	1.5017	1.4997	20.0000	0.14
2016.01.05 12:08:26	sell	0.01	audusdx	0.7176	0.7170	6.0000	0.06
2016.01.05 12:11:35	sell	0.01	nzdusdx	0.6696	0.6681	15.0000	0.15
2016.01.06 02:44:12	sell	0.01	nzdusdx	0.6694	0.6655	39.0000	0.39
2016.01.06 02:52:36	buy	0.01	audchfx	0.7236	0.7088	-148.0000	-1.46
2016.01.07 06:47:06	sell	0.01	cadchfx	0.7106	0.7079	27.0000	0.27
2016.01.07 06:47:37	sell	0.10	cadchfx	0.7106	0.7079	27.0000	2.70
2016.01.07 08:52:41	sell	0.10	eurchfx	1.0848	1.0870	-22.0000	-2.19
2016.01.08 04:58:42	sell	0.10	gbpaudx	2.0753	2.0707	46.0000	3.25
2016.01.11 03:01:47	buy	0.20	gbpaudx	2.0869	2.0728	-141.0000	-19.83
2016.01.12 02:15:23	sell	0.20	audusdx	0.6987	0.6960	27.0000	5.40
2016.01.12 05:01:00	sell	0.20	gbpjpyx	170.92	170.64	28.0000	4.76
2016.01.12 07:20:41	sell	0.30	usdjpyx	117.47	117.40	7.0000	1.79
2016.01.12 12:16:58	sell	0.25	eurusdx	1.0852	1.0832	20.0000	5.00
2016.01.12 15:00:01	buy	0.02	audchfx	0.7016	0.7087	71.0000	1.41
2016.01.13 10:34:16	buy	0.25	usdchfx	1.0053	1.0079	26.0000	6.45
2016.01.13 12:19:36	buy	0.23	eurchfx	1.0902	1.0920	18.0000	4.10
2016.01.13 14:01:31	sell	0.25	gbpusdx	1.4390	1.4388	2.0000	0.50
2016.01.13 14:55:28	buy	0.25	gbpusdx	1.4413	1.4413	0.0000	0.00
2016.01.13 15:01:02	sell	0.25	eurusdx	1.0815	1.0800	15.0000	3.75
2016.01.13 15:16:09	sell	0.25	eurusdx	1.0816	1.0800	16.0000	4.00
2016.01.13 16:12:30	buy	0.25	eurgbpx	0.7511	0.7523	12.0000	4.32
2016.01.13 16:47:02	sell	0.25	gbpjpyx	170.26	169.99	27.0000	5.73
2016.01.13 19:06:16	sell	0.25	audusdx	0.6992	0.6970	22.0000	5.50
2016.01.14 01:53:16	sell	0.25	eurjpyx	127.77	127.62	15.0000	3.20
2016.01.14 16:05:26	sell	0.30	gbpaudx	2.0693	2.0606	87.0000	18.27
2016.01.15 06:42:28	sell	0.30	audusdx	0.6946	0.6930	16.0000	4.80
2016.01.15 06:42:48	sell	0.30	audjpyx	81.77	81.50	27.0000	6.88
2016.01.15 08:14:28	sell	0.30	gbpjpyx	169.73	169.39	34.0000	8.66
2016.01.19 10:18:00	buy	0.25	usdchfx	1.0071	1.0060	-11.0000	-2.73
2016.01.20 00:30:44	sell	0.21	audjpyx	81.24	80.93	31.0000	5.55
2016.01.20 00:31:16	sell	0.21	audusdx	0.6909	0.6884	25.0000	5.25
2016.01.20 09:37:55	buy	0.25	usdcadx	1.4639	1.4665	26.0000	4.43
2016.01.20 12:25:48	sell	0.21	audjpyx	79.89	79.61	28.0000	5.05
2016.01.20 14:03:28	buy	0.21	usdchfx	1.0033	1.0055	22.0000	4.59
2016.01.21 03:00:59	sell	0.25	euraudx	1.5652	1.5638	14.0000	2.43
2016.01.21 13:10:20	sell	0.25	nzdusdx	0.6422	0.6448	-26.0000	-6.50
2016.01.22 08:07:32	sell	0.25	euraudx	1.5414	1.5384	30.0000	5.28
2016.01.22 13:07:10	buy	0.25	nzdusdx	0.6502	0.6515	13.0000	3.25
2016.01.22 15:14:28	sell	0.25	audjpyx	83.08	82.90	18.0000	3.81
2016.01.22 16:33:50	buy	0.25	eurgbpx	0.7553	0.7556	3.0000	1.07
2016.01.25 02:06:13	buy	0.25	gbpusdx	1.4262	1.4274	12.0000	3.00
2016.01.25 02:17:31	buy	0.05	nzdusdx	0.6475	0.6481	6.0000	0.30
2016.01.25 04:05:56	buy	0.25	audusdx	0.6996	0.7015	19.0000	4.75
2016.01.25 07:41:29	sell	0.25	audusdx	0.7016	0.6999	17.0000	4.25
2016.01.25 07:47:13	sell	0.25	audjpyx	83.29	83.50	-21.0000	-4.42
2016.01.25 11:45:55	sell	0.05	usdcadx	1.4187	1.4185	2.0000	0.07
2016.01.25 12:45:55	buy	0.30	audjpyx	82.74	82.90	16.0000	4.04
2016.01.25 16:06:07	buy	0.30	nzdusdx	0.6473	0.6487	14.0000	4.20
2016.01.25 23:50:44	buy	0.40	audjpyx	82.32	82.34	2.0000	0.68
2016.01.26 00:02:04	buy	0.40	audusdx	0.6955	0.6960	5.0000	2.00
2016.01.26 16:17:41	sell	0.40	nzdusdx	0.6482	0.6481	1.0000	0.40
2016.01.28 01:07:35	sell	0.40	audusdx	0.7023	0.7016	7.0000	2.80
2016.01.28 03:11:59	buy	1.00	nzdusdx	0.6447	0.6444	-3.0000	-3.00
Total PIPS						642.00
Total Value							$128.99

I wouldnt understand what i just posted either.... well the table basically means a summary of all the trades i entered and exited during the month of January 2016. Made a small profit of USD 128.99 with 642 PIPS net gain during the month. I have also identified my favourite currency pairs to be AUDUSD, AUDJPY and NZDUSD. Traded actively on these pairs towards end of the month. 

Moving forward to February i will be working towards trading less transaction but more on quality. As i familiarize myself with the trading methods i will also be updating on the strategies that i use. So stay with me on this journey. Cheers!  

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Forex Trading Strategy 65 - forex trading techniques

Forex Trading Strategy 65 ~ forex trading techniques

Trade of the Week: GBP/USD H1:  24 April: +2.5% Profit (+108 pips)

For more details, click "Examples of Trade" in the menu

This is a classical setup: On the 24th, its uptrend on H4, we have a small fractal box on H1 with stop loss at 39 pips as we expect a wave 5; We take the break, price flies and we exit before the end of the week session for more than +2.5% profit (+108 pips)

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Forex Trading Strategy 79 - forex trading united states

Forex Trading Strategy 79 ~ forex trading united states

Market Analysis of the 23rd of March 2015 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1

Click on the Menu on "Market Analysis" for all the analysis.

Daily charts: We have now a pull back on most of the pairs, the price is in the alligator, prudence.

EUR/USD: Still downtrend but we have now a first divergence and the price is inside the alligator, prudence
GBP/USD: Still wave 5 down, but we have a pull back. Prudence
USD/JPY: Looks like the end of the wave 5, price below the box & inside the alligator. Prudence
USD/CHF: Still wave 3 up with no divergence but ewave is coming back to the zero line. Prudence
AUD/USD: Looks like the end of the wave 5 down, price above the box and in the alligator. Prudence
EUR/JPY: Still downtrend but we have now a first divergence and the price is inside the alligator, purudence
USD/CAD: Still uptrend but we have now a first divergence and the price is inside the alligator, prudence, probably end of this wave 3.
NZD/USD: End of wave 5, end of the move down. Patience.
XAU/USD: Some pull back but there is no divergence and this is still wave 3 down.

For orientation/direction of trades, click  "Signals" in the menu (from Monday 23rd of March 8:00 GMT+1)

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Forex Trading Strategy 63 - forex trading tax reporting

Forex Trading Strategy 63 ~ forex trading tax reporting

Market Analysis of 4th May: 

I wont be able to make video market analysis as I will be away from my desk.
The next market analysis will be made for the week starting the 11th

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