Author Archives

Archive of the posts written by author: Steve.
Apr
30

Meetings Then Some Trades

I had meetings this morning then I took some trades. I felt really good about the trades until one of them kept going in my direction after I bailed. I even considered re-entering the trade close to my previous entry after closing and…

Jan
26

Fixed Profit Objective Versus Let Your Winners Ride

I made some major mistakes the last week and a half with my trading after experiencing almost two months of perfect trading. With the Swiss Franc CHF, Eurodollar EUD problem, the market turned very volatile. The volatility was affecting all the currency pairs…

Jan
9

Screenshot of My Trading Layout

I trade usually using a laptop but always on one screen. Here is a screenshot of my trading layout. Enjoy.

Jan
9

One Loser One Winner

Took two trades short off the 15170 level on the cable pair (GBP/USD). First one I entered too soon so on the second trade I tripled the lot value. First trade was -3.6 and second was +12.

Oct
8

Free Desktop Clock With Seconds For Windows 8.1 For Forex Trading

Need a good trading clock with seconds for trading/scalping the Forex Currency market? Check out the one I created for my trading. I use it because need to know where price is every minute of the 10 minute candle. Window 8 no longer…

Jan
23

My Daily Process

Advancing in any endeavor requires processes or steps. Goals are important but I think the processes to achieve the goals are more important. When I prepare and plan for my day, I follow a process that leads to taking a trade. Here is…

Dec
24

Why Should You Journal Your Forex Currency Trades

I started trading in October 2007 and I have entered every Forex currency trade into a journal, give or take a few that I forgot to take screenshots of. (I still entered the trade details for those trades.) Journaling my trades is something…

Apr
16

Using Ninja Trader To Verify An FXCM Losing Trade

The other day I took an afternoon trade (Asian market) that quickly hit my stop, then reversed in the direction I thought the market was going. I was so angry because it seemed that my dealer, FXCM, had purposely stop hunted my trade.…

Apr
8

Trading Part Time Can Lead To Failure

I am convinced, based on my method of trading, that to be successful I need to trade full-time. The other day I started out with a losing trade but ended the day with some positive trades.Today, after a week and a half of…

Apr
28

Hang In There…Don’t Give Up

I’ve read and heard many traders describe their path to success. I download and listen to the Money Show’s Trader Talk Podcast with traders interviewed by Tim Bourquin. He interviews different traders about their experiences, and I glean something from each one, even…