As a part-time trader who has an intense longing for success, I hit an important milestone today.
Back in November, I recognised some good trading opportunities. As a result, I started running and managing my two metatrader accounts and also a CFD trading account at the same time.
During the past six months, I funded another metatrader account with profits and had actively traded with those accounts.
Today - my five figure CFD account has just been doubled after a six-month period. I appreciate my past efforts in blogging which, somehow, made me a better trader. Despite my tight schedule nowadays, I recognise the importance of running the blog more often.
Monday, May 18, 2009
Wednesday, May 6, 2009
Market Timing, US Dollar And Carry Trades
For the second day in a row, dts was able to make gains with new long positions in the yen-crosses market. I was able to claw back +280 pips in just two days, after the "mini blow-up" incident in late April. Despite positions going haywire that week, my account was well protected at all time, thanks to my strict stop-loss policy. And since I know my system well enough, I am going to up my ante bit by bit from now onwards.
Monday, May 4, 2009
Hector's New Site LearnForexLive & DVDs Giveaway
Hector has just launched a new site: LearnForexLive, hoping to become the best Forex club around.
In order to celebrate the launch of his new forex trading site: LearnForexLive, Hector is giving away 200 DVDs where he explains in detail one of his best and most profitable trading strategies... absolutely for free! The DVD has over 15 live videos with great Forex material, strategies, etc.
That's right, he has copied a limited 200 DVDs and he want to give you a copy as a complementary. For all Scoutforex readers, make sure you secure your copy right away before he run out of them.
Hurry and here's the link => LearnForexLive. See you guys there.
In order to celebrate the launch of his new forex trading site: LearnForexLive, Hector is giving away 200 DVDs where he explains in detail one of his best and most profitable trading strategies... absolutely for free! The DVD has over 15 live videos with great Forex material, strategies, etc.
That's right, he has copied a limited 200 DVDs and he want to give you a copy as a complementary. For all Scoutforex readers, make sure you secure your copy right away before he run out of them.
Hurry and here's the link => LearnForexLive. See you guys there.
US Pending Home Sales Gain, Newstrader Adds +83 pips
I was proved right. The pending home sales came out surprisingly good and many investors took this opportunity to chase the price higher. We positioned the newstrading program rightly to benefit from this news action.
News event: US Pending Home Sales
Long GBP/USD @ 1.4888 for +25 & 58 pips
April 2009 Daytrading Results
+210 pips (Majors), -60 pips (Crosses). Combined monthly return: +150 pips
I started quite well with the two systems but ended giving back most gains in late April. A "mini blow-up" when trading the yen-crosses had cost me a whopping -435 pips in one week. It was a record nonetheless - the largest losses the system had taken in a single week since the record began.
I started quite well with the two systems but ended giving back most gains in late April. A "mini blow-up" when trading the yen-crosses had cost me a whopping -435 pips in one week. It was a record nonetheless - the largest losses the system had taken in a single week since the record began.
Saturday, May 2, 2009
Newstrader Could Push Higher in May
The Newstrader win-rate dipped to 55% in April, and gave an overall -53 pips for the month. But I would take these results happily considering it was not a straightforward month for trading the economic news releases.
Due to the strong rally seen in the stock market during April, I noticed that bearish US economic data were not able to make a strong impact on the price movement. Occasionally, European currencies such as the British pound could even make ground against the US dollar despite the improving US economic outlook, benefiting from increasing risk-taking activities.
This is about to change due to the growing uncertainties about the market outlook. Investors hope to gain more clues from the economic releases from now onwards. In that case, it will be easier for the Newstrader to make further progress.
Here comes May and the program so far records a better start to the month. Two trades were taken on Friday with UK Manufacturing PMI yielding +40 pips and US ISM Manufacturing Index +45 pips. I hope I am right.
Due to the strong rally seen in the stock market during April, I noticed that bearish US economic data were not able to make a strong impact on the price movement. Occasionally, European currencies such as the British pound could even make ground against the US dollar despite the improving US economic outlook, benefiting from increasing risk-taking activities.
This is about to change due to the growing uncertainties about the market outlook. Investors hope to gain more clues from the economic releases from now onwards. In that case, it will be easier for the Newstrader to make further progress.
Here comes May and the program so far records a better start to the month. Two trades were taken on Friday with UK Manufacturing PMI yielding +40 pips and US ISM Manufacturing Index +45 pips. I hope I am right.
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