Close first lot for 127pips. Was doing some work in the bath room therefore did not close at a better price. A win is a win. You could win more or less at about $1058.xx USD depending on the lots you entered. A marvelous week. Its not a cool trade though. A lot of cold sweat waiting it out. As I'm typing it reach 140pips! see how my 2nd lot goes.

Cheers

The signal never came till 4pm Singapore time. Took the bite and enter at the top of the pull back(hopefully, finger cross). I'm up 18pips with a nice 2 lots with profits of $318 profits.

Looking for 100pips first take profit and more for the second take profit for my second lot.
Entry price at 227.97.

Its Monday afternoon is Canberra, A taste of Aussie life. A beautiful day. Warm and sunny outiside, surprisingly cool in the house? Just did my laundry and left it hanging in the breeze and blazing sun. I never bead a sweat from the work, its dry not as humid as Singapore. Very comfortable.

I got in and saw a trade setting up to my liking and will spend some time today for trading. Last week been great with almost 300 pips while traveling. No too shabby. My first trade in Aussie happens in Blue Mountain when I had some decent internet. This is the start of my second week here. Time fly real fast when you are enjoying. Ok hope today my trade setup will be hit and hopefully give me some pips for paying for the expensive stuffs here.

GBP/JPY

Possible short entry at 00:00 EST my 12noon
If price is below 227.93 at noon. I'll open a short position.

Most of the time he is doing the trading for me :o)
Man's best friend!

I trade FX. Been learning it for the last 2.5 years. Start off thinking there is a perfect signal with sure win strategies. While people whom had made it kept repeating money management and discipline. I'll convince myself "What money mgmt"? If my buy sell signal is correct most of the time there is no such thing needed. Although I don't trade high leverage, but I do chased loss with slightly higher leverage than normal. This style will hit anyone hard on bad runs.

I have kind of stopped looking for a Holy Grail system. I created my own system and wrote down the rules of engagement. Stay discipline always by sticking to my trade plan and rules. Proper Money Management. Cut trade short and let trade ride till system says out. Although you may find it hard to believe but once you have your rules down its really clear. It will cut down your emotion and GREED, although not all of it but its good enough to start trying. It is not 100% but the percentage is good enough. Most self help courses such as Adam Khoo's course make us stop and write down and etc on hard copy. It really makes your mind analyse. You will realised important points in your system and some are redundant. You will know what you want from your system, such as entry, when to TP, SL, what time frame you want to trade and risk. The pro and con will help you refine your system better. Over time you will have a personalize system which need little improvement but will bring you consistent results presuming you follow the rules you set. Hey I know its tedious but who says trading is easy?

I plan my trade and trade my plan. No signal no trade, don't trade for the sake of trading. Trade for the only reason "Make Money". I used to look for trade even though I know there isn't one available get in and profit alittle if I'm lucky or usually the case I got killed.

Patience = Profits

Regards
David

I had grown over these few years. I found my edge and develope my own system that might which probably will create greater success for my FX trading. I'll like jog down some of my experience and trade calls here.