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Category Archives: Trading Strategy
AUDJPY Short 81.37/77.17: Anatomy of my first 400+ pips trade
420 pips in my demo account to be exact. Still, I feel very lucky. In this post, I will review why I entered this position, why I added to it, and why I exited. The goal is for myself to learn from what works and what can I do to improve on this trade given [...]
Also posted in Aussie, Kiwi, Loonie, Self Assessment, Trading Signal Tagged AUD, entry, exit, FTR, good trade, JPY, paper trade, short Leave a comment
How to use FX futures to narrow down which forex pair to trade
A problem I have is that once a currency pair shows a viable trading setup, other related pairs often show the same setup too. A reason for this phenomenon is that markets don’t operate in a vacuum. When markets really move, everything move together. So the highly correlated markets can scream for entry at the [...]
A good trade that could have been great: a lesson to take profit at target
A profitable trade is definitely a good thing. But when you sit idly to see good profits turn into great profits, and then doing nothing to lock in some of that windfall, it is time to review your trading strategy. That is exactly what I have done last night when I saw my AUD/JPY shorts [...]
Also posted in Aussie, Kiwi, Loonie Tagged AUD, entry, exit, JPY, paper trade, short Leave a comment
A lesson on the importance of fundamental awareness for a technical trader
I paid a price last week in trading EURCHF for not knowing the fundamental analysis about the currency pair. First of all, here’s how my trade played out. The support between 1.500 and 1.510 is apparent if you look at Figure 1. So I went long as shown in Figure 2 (second blue triangle from [...]
Adapting to changing market volatility with a statistical position size table
We know that prices can go up or down. We also know that the quality of these ups and downs can be very smooth or very choppy. As such, it’s not surprising that the trend and volatility of a market form the two universal characteristics of a price action. No matter which market you trade, [...]
Also posted in Quantitative Tools, Risk Management Leave a comment
Finding in-play stocks based on earnings release date
One of my trading shortcomings which I’ve lamented is the lack of an automated method to pick and choose which stocks to play. I’ve experimented with Yahoo’s free stock screener a while ago but find that the heavy dependence on basic statistics impractical. I’ve also considered using StockFetcher.com but don’t like the use of indicators [...]
Posted in Trading Strategy Leave a comment
TRIN and support/resistance day trade strategy
Read this from a commenter on BillCara. I am posting it here for record for later analysis. Stu: If I may..dont guess the market direction.!! Just trade with the trend between support and resistance zones. Let the market tell you direction…dont guess…trade with a ‘no mind’ (thats from the last samurai movie):). i.e.e dont think [...]
My name is Paul and I am a full-time engineer, part-time trader. Back in 2000, I deposited my $5000 interest-free student loan with an online broker. Since then, my interest in trading has become an obsession.
Some tricks scammers use to game their trading system with 488% gain