Forex & Oil 31/03/2010

Afternoon Friends,

I hope you are all well and had a good morning trading. I have decided to put my blog together in the afternoon today so that I can take into account the Oil breakout trade I do in the afternoons.
So I will start with this mornings trade, which I might add is a good place to start. You may or may not be aware that for the morning breakout I normally set a limit of 12 points.
Cable Breakout 31/03


So then I was off taking the girls to school and missed a whole load of fun around 08:30 - 09:00 GMT. Oh well 12 points are in the bag.

I was thinking around lunchtime, why would you ever let a winning trade turn into a loser, or not have a systematic way of taking profits, if you weren't convinced the market was going your way indefinitely? Why would you hesitate to take a trade or not put it on at all, unless you were conviced that it was a loser when the market was at your original entry point? Why would you break your money management rules by trading too large a position relative to your equity or emotional tolerance to sustain a loss, if you weren't positive that you had a sure thing? and why would you, because you know that anything can happen when you are trading and you have your strategy. Your strategy has as many indicators that you need to help tell you when to enter the trade and when to exit.

Well it was pick up the girls from school time and then to the Wednesday Oil breakout trade. Very interesting trade this afternoon. There were quite a few significant levels to get to grips with. I had 2 OTO's (Orders to Open) placed, one long and yes the other short. I cancelled the long OTO, I was not convinced that the trade would go long, call it gut feeling or intuition. I left the OTO short and when the market changed it did with vengence and I was very soon triggered in, thankfully I was never out of profit and was very soon 20 points to the good.


Although I was very pleased with my analysis of the market and the execution of the trade, a lot of my friends were all triggered long around 8347 and lost around 50+ points each.

Here is to another day

To Your Trading Success.

The Investor Guru

Forex Trading 15/03/2010

Good Morning,

In the UK over the weekend it was Mother’s Day. This is where we celebrate our mothers, mine lives a long way from where I do and I rang to wish her a happy day.

Do any of you follow Rugby Union, well my team Sale Sharks are having a bit of a bad year and so are England. I read in one report that Martin Johnson says that the team are improving, which England is he watching? He needs to stop kidding himself that he can coach. There, that’s my rant over with.

So on to this morning, and might I add that it is a very good morning, so good in fact that I am going for a round of golf and my beloved Golf Club.

So let me tell you the story of this morning. Well as per usual I got up 05:00 GMT. Did my usual boot up of the laptops and PC’s, more for Internet Marketing that my wife and I do. So nothing seemed out of the ordinary. I checked Forex Factory, there weren’t any fantastic announcements coming up. I started to reading “Way of the Turtle”. Checking the charts I noticed that Cable (GBP/USD) was ready for entry with my strategy. So it was around 07:36 I opened my ticket short, limit of 15 set. It wasn’t long after setting this that I noticed that AUD/USD was also ready so I opened up a ticket also with a 15 point limit, the next was Fiber (EUR/USD) and another ticket open. I have never been this exposed this early in the morning, three trades on the go and it wasn’t even 09:00 and all before my gorgeous girls were at school.

Now this blog is going out before I have had time to put the charts up for you. I got back from dropping the girls at school to see that my Cable trade had netted 15. Now Oil was looking like a trade 08:50 ish. So it is now 09:30 and I am off, suffice it to say that I have picked up 15 points on every trade this morning so am 60 points up. How about that for a Monday, talk about Trading in the Zone.

To Your Trading Success

The Investor Guru

Forex Trading 11/03/2010

Good Morning,

Well after my good day yesterday I decided to look at the charts early this morning. As if you didn't already know!

I set my levels just in case of a breakout of the 22:00-06:00 range. There wasn't however I did manage to scalp 8.7 points on cable while it was ranging.

Nothing now till this afternoon when I will update you with some more trades.

Forex Trading 10/03/2010

Good evening all,

Well I cannot say too much about today's trading apart from WoooHooo 106 points, and to think that I don't really trade in the mornings on a Wednesday. I attend a course so normally do not trade till around 15:00 GMT Wednesday’s.

This morning I got up at my normal time 05:00 GMT dark and cold at that hour. I do like to look at the markets and the sit, relax and then give myself time for some self-hypnosis; it sets me up for a very good day. Today was a little different though, when I looked at the GBP/USD (Cable) charts the S1 pivot was sat in a very nice place around 14950. I looked and thought if it breaks that pivot it could go all the way to the S2 pivot at 14890. Well I first got in for 10 points at 14962 to 14952, right onto the pivot. I had some breakfast then came back and was really quite shocked at how far GBP/USD (Cable) had dropped beyond 50. The price was stopped around 14930 so I decided trade it one last time before getting myself and the girls (my daughters) ready for school. No sooner had I entered the trade around 07:15 I was out with another 10. I was a little cross with myself because of the limit I had put on because I was sure that it would drop below 20 and down to the S2 which I had earlier thought. So I opened up another ticket at 14926 this time I put a limit of 30 on which would allow for the pair to get down to S2 at 14890, and then I went for a shower. I came back 10 minutes later and I was nearly at my 30 point limit, I didn’t have to wait long though and that was that, 50 points and its only just gone 08:00. I was literally trading in the zone. The day was only going to get better.


When I arrived back to watch the different charts GBP/USD (Cable), EUR/USD (Fiber), Daily US Light Crude (Oil) and one that I had not traded before, although one that a very good friend Adrian H said was a good mover AUD/USD (Australian Dollar).

The Oil trade on a Wednesday is the breakout after the 15:30 announcement. So basically you wait for the candle to finish and then wait for the following candles to breakout of either of the ends, today it was a long trade and I didn’t have to wait very long either.

So my friends Nev C and Adrian H and my trading were really hitting the highs and we were all in the zone. The next trades came off Cable (17.4) 2 trades, Fiber (10) and AUD/USD (10).

It sounds so easy, I can say that one of the cable trades and the Fiber trade were difficult at times. Having watched the signals from my trading system say to get in only for the pairs to immediately reverse. When things like that happen you have to be mentally tough. Specifically the Fiber trade, it reversed to the point where my stop was, I have the ultimate confidence in my strategy and although it can go against you and me, I raised my stop way past I would normally. The trade was somewhere close to 30 points against when it again reversed, just before I did consider closing the trade out. I was pacing my office and then I caught sight of my 8 pointed star on the wall, the word DISCIPLINE appeared to stand out. I sat down and watched and waited. I won’t say soon enough it was all good and I was 10 points to the good. I will say that the mental toughness and discipline kept me going and was very happy when I was at break even. However it wasn’t long after it first got back down to this level that it blasted straight through and I eventually took 10. The other trades were slightly more encouraging and didn’t strain the nerves.

The best being AUD/USD which from the moment of entering the trade I was straight into profit, I have to say that the generous spread of 2 points that IG Index give makes this pair very good to trade and some other pairs like GBP/JPY (8 point) less interesting.

I am going to go and have some dinner now.

To Your Trading Success

The Investor Guru

Forex Trading 08/03/2010

Afternoon Friends,

Well I would have traded this morning, however the weather was so good I decided to go for a game of golf instead at a great golf club (Broadstone). What a great life I have. 12 months ago I couldn't really imagine waking up in the morning and deciding that because the weather is good that I am just off for a game of golf. I had always wated this from life, I suppose I never really expected it. That time is now here.

Well now that I am back and looking at the charts, I do not expect much in the next 45 minutes. Back soon.

Sorry for the delay, it is now Tuesday.
The trading yesterday afternoon was just really manic. Nothing really with my strategy till around 16:00 GMT then I picked up 52 points in literally 30 minutes, it was just awesome.

To Your Trading Success

The Investor Guru

Spreadbetting & Forex The Handbook

Hi there,

Well I mentioned that I was writing a book, well just to give you a brief foray into the contents.

1. CHOOSING A SPREAD BETTING FIRM
2. SETTING UP
3. RESOURCES FOR TRADING
.
.
.
8. 10 COMMON SPREAD BETTING AND FOREX MISTAKES
9. KEEPING YOUR LOSSES SMALL – THE USE OF STOP LOSSES
.
.
.
12. FINDING THE WINNING STRATEGY FOR YOU
13. SPREAD BETTING STRATEGY I – Trend Trading
14. SPREAD BETTING STRATEGY II – Stock Trading
15. SPREAD BETTING STRATEGY III – Stochastic & MACD 60/40 Trade
15. THE EXIT STRATEGY

There are more, I just thought I would give you a taster.

To Your Trading Success

The Investor Guru

Forex Trading

Just to give you an update as to how the new strategy is working.

Today I traded 8 times with one trade that was a 20 pip loss. So that was a net gain of 60+ pips.

To your Trading Success

The Investor Guru