Forex Trading Blog 1dec09 - up 0.3% for the day

it was a tougher day to trade as market was a bit choppy

by the time the mojo technical indicators flashed a sell signal around 1.6405 for gbpusd, the pair had already slided down quite a fair bit right before that. so i decided to short on smaller position at 1.6407.

10 minutes into the trade, the pair held up pretty well and eurusd started to rebound strongly (bear in mind eurusd has a positive correlation to gbpusd) so i decided to close my short position for gbpusd around 1.6399 and 1.6404 for a small profit of USD25.

thank god i did cos 10 minutes after i closed my short position, the gbpusd shot up like a rocket.

better have a small profit rather than a loss.

check point : up 0.3% for the 1st day of the month

November month performance was fantastic as the portfolio was up 48.58%, way above my target of 10% per month

Let’s see how the portfolio does in December.

rooney

Forex Trading Blog 30nov09 up 3.2% for the day up 48.6% for the month

Glad to start the week on the right footing

Mojo technical signals flashed a short signal for GBPUSD around 1.6540 level today so i entered short position at 1.6539 (slower by 1 pip which cost me USD10 bucks man hehe)

anyway, pleased with the outcome as the pair struggled for about 10minutes before sliding down rapidly…..i am usually not very patient when it comes to trading forex so i prefer to trade shorter time frame. so far, i am quite comfortable with the mojo combo signals using 5minute chart.

as i rode the downward momentum, i started taking partial profits along the way and closed all positions within an hour for USD232 profit.

check point for today : up 3.2% for the day, up 48.6% for the month

see attached file for trades entered today

cheers

rooney

Forex Trading Blog - up 4.7% for the day, up 43.9% for the month

Dear mojo friends

Would like to share my personal forex trading experience with those who are interested in forex trading in addition to stock trading.

I have started a live demo account with usd5000 capital and let’s see how far this demo account can grow to over time…..

or it may go the other way and go bust overtime.

So far this month has been a good month with accumulated profit to date for november at usd2197.34

(up 43.9% from usd5000 initial capital in october)…..definitely no complains bout that

Today’s trade was great as you can see in the attached file below.
I shorted gbpusd at 1.6673 today and gradually closed out all positions with a nice profit of usd325 for the day(up 4.7% for the day).

Will continue to update my trading performance when ever I have the time.

Mojo论坛的朋友们，

我希望在这里和大家分享我个人的外汇交易表现。

我已经开了一个新的模拟户口，本金为美金５０００。

看看我能够把本金提升到什么水平，当然我也有可能把所有钱亏掉。

从１１月初到目前为檢，我对整体表现相当满意，累积收入为美金２１９４

（较１０月份本金５０００元成 长了４３。９％）

在附件大家可以看到今天的表现不错，我在１．６６７３价位卖空gbpusd，之后陆续套利，

今天总收入为美金３２５(单天成长４．７％)。

我一旦有时间会继续向大家报告未来的外汇交易表现。

rooney