Forex traders journal/blog that aims to show it is possible to make extra income scalping the currency markets

Owner: trader32

Listed in: Finance

Language: English

Tags: forex, trading, income, traders

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Latest Blog Posts for Trader32

  • Mar 2: Forex scalping -£196 / -8.0 pips
    on Mar 2, 2011 in Bad trading Scalping loss day
    Oh dear oh dear.  It is clear that my current circumstances are not conductive to good trading and tonight I saw displayed that all its glory. The EURUSD was quite choppy prior to my session, with the beige book news release due an hour later.
  • Feb 28: Forex scalping +£98 / +4.0 pips
    on Feb 28, 2011 in Scalping profit day
    After being unable to trade last week due to holiday and interviews, today was my first day back. I traded slightly earlier than normal and had just one quick trade, getting short on a MMA cross to the downside around the 1.38 round number...
  • Feb 18: Forex scalping +£25 / +1.0 pips
    on Feb 18, 2011 in Scalping profit day
    Spreads were back to 1.2 pips tonight.  However, trade was choppy ahead of the long US weekend. I had just one trade, getting long at 1.36746 on a MMA cross to the upside.  The trade did not really go anyway for a long time, so I decided t...
  • Trade full time?
    on Feb 18, 2011 in Trade full time?
    It has been quite an eventful week for me outside of trading as I am in the process of leaving my day job with my current firm (I work for a London hedge, not as a trader!).  This has presented two key thoughts for my trading...
  • Week 7: Review
    on Feb 18, 2011 in 2011 Weekly Reviews
    Results for Week 7: Scalping (400k trades) 14th +£127 / +5.1 pips 15th No trading 16th No trading 17th No trading18th +£25 / +1.0 pips Scalping: +£152 / +6.1 pips 2 swing trades: USDCAD +£47 / +7.9 pips (100k) EURUSD +£20 / +0.8 pips (4...
  • Feb 16: Swing EURUSD +£20 / +0.8 pips
    on Feb 17, 2011 in Bad trading
    After my USDCAD trade, I placed another swing trade yesterday.  This time there was no real logic other than jumping on a pullback in EURUSD and playing for a move to new highs from support levels. I got long at 1.35418.  However...
  • Feb 15: Swing USDCAD +£47 / +7.9 pips
    on Feb 17, 2011 in Swing profit
    I have not been doing many swing trades recently so over the last couple of days I have dipped my toes back in.  My first trade was another 'magnet' play on USDCAD returning to parity. I got long at 0.98886 on Feb 14, looking for a move toward...
  • Feb 17: Oanda spread too high for forex scalping
    on Feb 17, 2011 in Forex Brokers Oanda FXTrade
    After not scalping for a couple of days tonight was really frustrating as the spread for EURUSD at Oanda was 1.5 pips!  This is too much for my style of trading, so I had to stay clear. I like Oanda and think they are the best forex broker for...
  • Feb 14: Forex scalping +£127 / +5.1 pips
    on Feb 14, 2011 in Scalping profit day
    It was quite an eventful night for me tonight. I started my session with the EURUSD just below 1.35.  My first trade came after a failure to penetrate the round number.  I got short on a MMA cross to the downside at 1.34913.  Price di...
  • Week 6: Review
    on Feb 13, 2011 in 2011 Weekly Reviews
    M +£78 / 4.2 pips T +£52 / 2.8 pips W No trading T +£67 / 3.6 pips F No trading +£197 / 10.6 pips for the week.   No swing trades again this week.
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