My Forex Trading challenge
April 2, 2007 – 1:33 am
After spending the weekend to draft out my trading plan, I start my Forex trading this month. I did that before, and now I am trying again with totally different style and strategies. The reason of picking up this trading vehicle again is to utilize the advantage of staying in Asia (since I have no interest to trade stocks in Singapore market). Yes, I will trade during Asian and European session , and continue in U.S session if I see opportunity. Thanks Vincent who encourages me to look into currency trading seriously (Though he was talking about currency futures). I am not talking about trading in demo account, I did my testing of strategies in demo account, and now I am going live. For the time being, the risk amount is half the size of my normal R.
I am focusing on two strategies where one of them requires me to hold my position over days with maximum a week, while the other is a day trading strategy which will last for hours. Both of these strategies do not require me to stare at the screen every minute. No dummy trading in FX, as I find it to be difficult in FX trading and I got stopped out frequently during my testing in demo account, well, maybe later I will try it again, since I am a BIG DUMMY Fan.
I am planning do a weekly review of my Forex trading process. Of course, my main focus is still Futures trading during U.S market hour. This is something that I really love to do.
uhm…am I now a ‘full-time’ trader? LOL
Let’s see how it works.
From the desk of Tradergav.com
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Tags: FX, Trading Journal
Hi TG! Nice to see you fooling around with FOREX. the knowledge of dummy spots (aka low risk spots) is applicable to trading in this market BUT figuring out stops is altogether a differnt animal.
The trick is position sizing…
Hi, TG
Wish you have a good experience in forex trading.
HaHaGood
(from twitter)
@TOM, HahaGood: Thanks for your comments. I am not new to forex trading. In fact I was trading FX before I start day trading futures.
I have recently finished studying my strategy, and now it is time for me to start live trading again.
Let’s all have a great April!
[...] My Forex Trading challengeAfter spending the weekend to draft out my trading plan, I start my Forex trading this month. I did that before, and now I am trying again with totally different style and strategies. The reason of picking up this trading vehicle again … [...]
[...] Comment on My Forex Trading challenge by HaHaGoodHi, TG. Wish you have a good experience in forex trading. HaHaGood. (from twitter) [...]
Hey, i wondered how long you were gonna take you eyes of this part of the market. FOREX is definitely the vehicle for me in the long run…Same here i trade on swing now, since im no longer on leave, if you wish i can discuss with you a few setups which i take on the currency. I mainly trade the PoundYen and the cable and sometimes the EurYen coz they trend nicely. Most of my setups are taken off the 4 hr charts. SO im looking forward to read your weekly FX actions here GAV! Oh btw 14 and 15 we have the traders convention at suntec, are you popping over?
Hey Jest, nice to hear from you again. In fact, I’d never given up forex trading. But, I know there is a need for me to work out the strategy and plan before jump into the game again. Now, I am back.
I read about the convention on newspaper, but too bad , I’ll be away from Singapore.
May the pips be with you
surely, hope you email me. I can share a few methods that i am currently using to get you oiled up. you can also catch me at my msn jest_1081@yahoo.co.uk
[...] Comment on My Forex Trading challenge by Fast Track Forex Blog …Comment on My Forex Trading challenge by HaHaGoodHi, TG. Wish you have a good experience in forex trading. HaHaGood. (from twitter) [ ] [...]
Knowledge is always behind the success. I’m sure that you are a successful trader, who has strategies and plans that fit your trading personality.
All the best!