Stayed aside on a rather dull day, waiting for the post-FOMC statement volatility. The easy money is there, on extended volatility. Third trade was a late entry.
FB, congratulations on not just today's trade, but many recent trades. Even you stop publishing winning ratio, I guess it's high on average. One question: if you adopt traditional Guppy's GMMA instead of your longer range WMA, would you enter today's trades earlier? Thanks again for the excellent blog. -Kevin
Trading after any major news can be seriously profitable, but that’s only if we’re properly planning things instead of going in blindly, as that’s something which won’t be rewarding. I love doing trading after news because of OctaFX broker and their magnificent rebate program where I am able to earn 15 dollars profits per lot size trade and this is even with the losing trades too, so that’s why I like it so much and always leads to profits for me.
"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
I got a few pips and then I left monitors to take care of my daughters. When I came back, price was 70 pips down...
Risk Disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.
3 comments:
FB, congratulations on not just today's trade, but many recent trades. Even you stop publishing winning ratio, I guess it's high on average. One question: if you adopt traditional Guppy's GMMA instead of your longer range WMA, would you enter today's trades earlier? Thanks again for the excellent blog. -Kevin
Hi Forexbird,
Interesting to see how you traded the FOMC. Much better than my effort :-)
http://www.trader32.com/2010/01/january-27-42-2103.html
Trader32
Trading after any major news can be seriously profitable, but that’s only if we’re properly planning things instead of going in blindly, as that’s something which won’t be rewarding. I love doing trading after news because of OctaFX broker and their magnificent rebate program where I am able to earn 15 dollars profits per lot size trade and this is even with the losing trades too, so that’s why I like it so much and always leads to profits for me.
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