No change in direction

No change in direction yet, prices still ranging. My order did trigger but missed tp, then stopped. Spent the whole day trying out trend follower system, nothing on overeasy. Did not make any other trades. Maybe tomorrow i'll get better signals.

Result: -31pips

On having patience

Prices were making nasty swings and turns for last few days making moves to previous highs/lows then turned around. I find it difficult for me to trade in this condition, so i shall wait and wait until a clear signal comes. Yeah, carry trade took another drop.

Only 1 signal on fxovereasy today, did jump in for a demo trade but ran out of juice, so i bailed. Continued my tests on other system, currently im set on:-
1) fxovereasy
2) Trend follower
3) Mouteki (4hr, +another indicator) - testing this, only expecting abt 3-4 signals a month

Result: +50pips

Staying out for today

UK Bank holiday. Prices did not move that much today, it hiked up during asian session and stay in ranging zone for the rest of the day. Did not place any trades but just the usual set and forget methods im currently testing on demo. Still no clear direction where these pairs are going, i will stay sidelined until theres a clear movement, signals on overeasy werent clear either and not enough justification to take any trades, momentum is expected to be low during holidays and best i stay out for today.

Result: +0pip

Another no trade day

Today the majors rallied against the dollar, price was already on the move and i was unable to catch any ride. Not willing to take any chances, i remained sidelined for the rest of the day.

As for fxovereasy, most of the time channel going the other way, less perky dots today and most of the time in opposite direction. Thats just saying, go out and get some fresh air.

Result: +0pip

No Trade day

Looks like another day of nasty turns and swings with no real direction yet. I chose to stay out today. Just observed movements of the usual pairs. Towards end of US session, Gbp/usd and eur/usd moved up and might close high today.

Started another system recommended by a friend on demo today, based on daily data. Long order was triggered 30 mins before Euro session closed and stop loss of 30 pips did not survive, price then continued to hike up. Will post results when i figure out to manage this site.

Just changed the template with light colors, need positive energy!

Result: +0pip

Horrible day!

Today's trades were bad. Got stopped out in every single trade entry even with valid signals. Market got active with nasty swings and turns, making it difficult for me to trade. This however, wiped last week's profit and put me back to starting point. Will continue hunting pips tomorrow.

Results: -121pips

Pretty much the usual

Today was a typical monday, price went up and down with little momentum and stayed within range for the rest of the day. As for me, my orders were triggered on gbp/usd with profit of 30pips during early asian session. Another long was triggered on eur/usd but it kept ranging just -1pip short of profit, i decided to let it run till US session and was stopped out for -30pips.

No further signals as the channel remained narrow and most of the time going the other direction. A very nice signal came in on Aud/usd, every indicator was in line and i took it. Target was hit within 15mins for 30pips. End of the day back to a profitable one. Still 4 days of trading to go for rest of the week. More opportunities to come.

Result: +30pips

1pip too far

After 6 days moving down i suspect a retracement is due, so there it was eur,gbp, aud moved up against usd today. Volatility was high today as price moved down during asian session and rebounded throughout euro and us session. Further spikes were seen when Fed released an announcement of a cut in discount rate. Will the risk aversion be over? have to wait till next week.

One short order was triggered during asian session closed on +30pip profit, another short order(eur/usd) triggered the start of euro session. Within the hour, it went down missed tp by 1pip, i was stopped out on rebound for -31pip(order got filled with different price)

Overeasy signal for long came up for eur/usd and i took it. Feeling satisfied with +20pip i decided to close just before US session. There wasnt any schedule on Fed announcement from my usual news site. Turns out eur/usd went up another 100pips!

im just glad the day turned out to be profitable one...been a good week, im thankful for that. Consistency was good on current systems. I plan to maintain that. Hope i get a good start next week.

Result: +20pip

Bears rule

Good week for shorts! Trend continues to go down today, as reported on major financial sites, further carry trade liquidation going on full swing. Gbp/jpy hammered down to 223.82 and other yen crosses as well. Will continue to watch how far this carry trade unwinding goes. Havent been trading yen crosses after that last false breakout early this month. Aud/usd took a nose dive today, no retracement to trigger my order. As it tanked further.

Short order on Gbp/usd was triggered today for +30pip profit and overeasy gave a clear signal on eur/usd bagged me another 50pips. Halfway to next level.

Result: +82pips

Bears on the loose

Usd continued to push other pairs down early starting from asian and thru euro session, my short orders were not filled as it did not hit my entry point, adding another day of no trigger. Couldnt find any entry points today, bears were already underway hitting gbp/usd to 1.9935, aud/usd 0.8239, eur/usd 1.3466,looks like last week's strong support level is now broken. Things not looking good for the carry trade as risk aversions still continues.
A lot of news data expected to be released during early US session, i chose to stay out. Never liked trading during multiple news release. One is already enough to stress me out! Data came out mixed, pretty much nothing happened.

Spent the rest of the day playing magic online and reading.

Overeasy did not show valid signals and channel were most of the time narrow. I shall remain calm during these times. Better zero than lose money.

Result: +0pip

UK CPI/RPI

Overall movement still the same with the majors going down. Yens continued showing strength. No change on carry trade front. As for my orders, none triggered today. Better untouched than -30pips. Took a trade before release of UK CPI/RPI but didnt change to 20k lots, 30pip tp was hit few minutes after news. It came out weaker than expected. Rest of the day went slow and im not risking any further, better a missed opportunity than a wrong one.

Result: +15pips

A typical monday

Things were slow as usual on Monday, most majors still holding at strong support levels. My long order was triggered and taken out with 30pip loss, bears were nasty and i got chewed up. Looking for short trades for rest of the day, i decided to take a trade on aud/usd, price short of 8pips from tp, decided to close it by end of Europe session for 10pip profit before momentum runs out. Eur/usd was a better trade. US data came out as expected, not much movement there.

On my test system, Overeasy didnt provide any signals. Channels were thin and most of the time going the other direction. Looking for better trades on Tuesday and rest of the week.

Result: -20pips

DING!! You have reached level 2

A slow day today, my 2 orders werent triggered. Most pairs continued to move downwards and holding on strong support levels, i only looked for short trades today. Overeasy did gave a couple of signals for a nice profit.

TP was hit on Aud/usd at 0.8410 before went back up, and secured 20 pips for the day. After 22 days of trading under new plan, securing the last 9pips was enough to see me gain a level, allowing me to trade 20k lots and target for next level is 8 wins. Journey to $1mil truly begins, worked hard fr the 13 wins. Feeling good today :)

Result: +20pips, +1 level

Down,down,down!

So much for the return of carry trade, yesterday it steamed-up 400pips, today took a nose dive back to where it started since 3rd. Together with yen crosses, eur/usd,gbp,usd and aud/usd joined in for a plunge. On the newsfront, no major news event for the rest of the week.

Today's results were mixed, actually made 5 trades all together. 3 wins 2 losses, +30+20-30-30+21. Price started moving violently 5mins before europe opens, good thing my tps were hit early and i spent the rest of the day reading. Things goin up and down too fast. Chose not to take further risk, id rather stay out when im not sure. Overeasy indicators showed 2 potential trades, usd/cad and usd/jpy but i did not take it, not too convincing enough for me(still new at this system), called it a day with a profit, short of 9 pips to level 2!! Looking forward reaching next level by end of this week.

Result: +11pips

Carry trade back in play?

Is carry trade back in action? Yen crosses been bouncing within since monday, still no clear direction yet. Will continue to watch. Gby/jpy went up, i tool a long trade, waited for a break of down channel for an entry at 242.80, cable moved back up to 2.0370. Eur/usd and aud/usd made some nice moves as well.

Managed to close my short positions before the upmove. Overeasy did not give any clear signals, channels were in the opposite direction, juice most of the time red. Did not make any further trades.

Results: +52pips

FOMC Policy Decision, cable down

FOMC rate decision is on later today at 14:15 NYT, this is also another major news indicator with potential pip movement of 100pips as detailed in my news guide. Crowd is expecting a no change in rates, as usual im not leaning towards any data but just the market reaction. We'll see how it turns out...

Gbp/usd moved the most among the majors today, went lower and now trading at 2.0197, closed my short positions on Eur/usd & gbp/usd for nice profits today. Market movement was better compared to yesterday and overeasy gave nice trade signals, juice turned red so early exit it is,+22pips. Noted down channel size, slope. So far, system rules are simple to follow, i actually like this one :)

FOMC rate decision: No change to interest rate, as expected. I'll skip on this one.

Results: +44pips

Slow start for the week

Since punching in orders very early morning, i have to re-adjust my schedule on mondays. Orders werent accepted since market still closed during the weekends that i didnt get mine in. Been missing quite a last month, this i have to correct.

Things arent moving that much today and have kept between their channels, quite a number of reversals too. So i decided to keep my losses low and exit before i hit my actual stop loss.

Testing of overeasy system went ok, trying to learn as much as i could identifying the patterns, just that there isnt enough juice today. One thing clear is that there are times when not to take a trade, this is indeed helpful. 1(+35) win 2 loss (-30). Im still sticking to my daily target objective and trying out intraday systems as i go. Will look for other opportunities tomorrow.

Result: -16pips

Rain, thunderbolts & power failures

US NFP news data out later today, considered to be a major monthly news release and spikes/volatility expected with market expectations on both sides, uncertainty...a no trade situation in my books. So far last 3 NFP ive seen hv mixed data and stayed clear of trading at those times plus its a friday. As for today 2 of my long orders were triggered, i might need to close my open positions before the news release. Prices are moving up/down in a narrow channel, quiet probably due to impending news release.

Heavy downpour and blackouts, will update further.

Closed open positions before News (-12+1pips). Data came out weaker than expected, everything vs USD went up, what a teaser....

Results: -11pips

I need to level up

Was out for the entire day attending stock options preview, simply put, i would hv joined the course but it's just too expensive for me even when the crowd rushing to the back registering for discounts. Me?, just cant afford it at the moment. I admire the presenter, proven he's done it on stock option trading and now invested on properties continue to make millions. It is possible....(*The contender theme in the background*)

Euro,Gbp,Cad rallied vs Usd today. Gbp/usd still moving along its uptrend channel on my dailay chart, the beast as usual swinging wildly with no clear direction yet. Placed 2 orders for the day, but did not trigger. It's alright, i dont lose money either, all i need is 4 more profitable trades to gain next level(based on my money management plan). So far been bouncing up and down, i shall remain vigilant and seize the opportunity when time is right.

Backtesting several other intraday methods on demo, recommended by a friend called "Overeasy", 1 loss so far, short of 2 pips from tp!! good thing abt this system are the indicators, and no EMAs, something new to me.

Result: +0pips

Crazy price action!

Orders were triggered today, 1 during Asian session and 2 during US session. Stopped out from eur/usd trade during US news release plus choppy price took me out 7pip extra from my SL as soon as it recovers!!!!

Managed to win back to make it a profitable day. On with tomorrow!

Result: +21pip