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Thursday, July 14, 2011

More on Forex and a Remake Explanation Video (VIDEO)

So yesterday I was playing a bit more with Forex trading. I'll share the comments I posted privately to "C", who has been helping me along as I delive into what is a new arena for me ...


"I tried dinking around with buying EUR/USD a bit this morning, and got burned twice with losses. I wasn't sure how close to 10:00 am est I would want to be long, so got long a bit early. Was completely out of long by 9:50 or so, before the big dive down.

I was basically trying to figure out when to be long for Bernanke's testimony.

Then I waited until 10:00 am, and no joke, went long 200 at 10:00 am on the nose. It coincided with another bit of firm support, so I wanted those two events to coincide.

Shredded em all off, ended up with a profit that just ended up being just past where I began this morning ...

Register of Trades - EUR/USD
(Click to Enlarge)



I'm churning a bit here, but rather than newbie churn, it's more of a matter of demo trading this all out. And heck, this is why we demo trade. I have to figure my way around events, news, a specific rule set for the incredible ease I'm having of shredding in and out of positions (seriously, I've never seen something so easy). I have to get the 'feel' of this better, because as of now ... throughout every profitable trade, I've noticed that I'm shredding off way too fast.

There are a couple of more experiments I want to run, but at this point I'm going to back off for a bit, and run some more numbers regarding time frame ..."

So that's where I am at this point. I have to work on managing the time frames to the size of the position, which is in essence? Trade Management.

As well, you may have noticed that there was a new video today on YouTube ...

(Video Included. If you're seeing this entry elsewhere and cannot see the Video? Click this link to view the entry ...)



Click here for the blip.tv version of this video.

I will use that video to showcase my content on YouTube, rather than the twenty five minute "summary" that was on my channel page previously.

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Note: The above statements should not be construed as an investment or trading recommendation. Airelon's Investing and Trading Journal is a blog that allows subscribers to look 'over my shoulder' as it were, for my own personal specific trading and investing ideas and thoughts for the next week. But they are only thoughts as of the moment of publication, and are subject to change.. Any trades or investments that I discuss within this blog are simply my own thoughts regarding my own investing and trading outlook. Remember that entering any market is an individual decision. There is no guarantee that I will enter, or have entered any of the trading or investing ideas that I discuss in this blog; as larger accounts may require a different strategy as the ones presented here. This blog simply contains my trading and investing thoughts for the next week. I, the author do not grant this work for wide distribution beyond any single individual subscriber as this publication is protected by U.S. And International Copyright laws. All rights reserved. No license is granted to the user except for the user's personal use. No part of this publication or its contents may be copied, downloaded, stored in a retrieval system, further transmitted or otherwise reproduced, stored, disseminated, transferred, or used, in any form or by any means except as permitted under the original subscription agreement or with prior written permission. I personally only enter any market after watching and reading the tape and I trade using money management principles. The losses in trading can be very real, and depending on the investment vehicle and market, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 15 years of experience in trading and investing in these markets. Airelon's Challenge Chronicles are demo accounts,with all of the inherent problems therein, which are used within this blog in an attempt to track the results of my own thought processes., and is run as a model. Traders who should make their own decisions based off their own research, due diligence, and tolerance for risk. Any pictures used within this blog are believed to be public domain. Any charts that displayed using the ThinkorSwim platform, or any other charting software are believed to be public domain. Any other pictures were obtained through Wikipedia's public domain policy. As a reminder, any trades discussed for "Airelon's Challenge Chronicles" would only be 'day trades' according to the parameters discussed for Airelon's Challenge Chronicles, at this stage of the game in order to escape the risk of over-leveraged gap opens in the commodity futures markets. As a 'trading sister' would have grown to the $30,000 level, I would have graduated the account into 'swing trading'. In addition, it is understood that readers have read my YouTube methodology series. It is also understood that the writer of this blog has repeatedly warned against the dangers of shadowing any other traders thoughts. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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