Jul 22, 2016

Grinding in Forex Profits...Trying Not to Force

Well it has been a pretty slow and uneventful week, but there was probably one big victory this week. I had one of my only days where I didn't meet the 3.5% daily profit target and closed out a trade that was about half-way there. This was pretty meaningful for my own trading style.

Jul 8, 2016

Trading Forex Live Through Non-Farm Payroll

It's Friday at the beginning of the month and that means non-farm payroll (NFP). It came out this morning at 8:30am and the initial move in the first few minutes reversed nicely. I was able to scalp it for a quick gain and was stopped out with about 1% profit on balance.

Jul 2, 2016

June 2016 Income, Working Online (Pushing $3,000)

It's another month and as you know my tracking of online income has been going on since January of 2016. It helps me track what I am doing and what my numbers are. It's vital that anyone who has performance based income sources to do this as it keeps you on your game and understanding where you to to work more/where you are succeeding.

Jul 1, 2016

First Week of Forex Scalping with Trailing Stops: Cautiously Optimistic

Well it's the first day of July. That means time for another income report for the month of June. However, the focus right at the moment is the last trading week as you have seen if you watch the smarthelping youtube channel. I have been scalping very short time-frame trades trying to catch runners and make a daily % goal and compound that.

Jun 27, 2016

Scalping into Monday with Solid GBP/USD and USD/CAD Trades

Well there has sure been a lot of workup over the new scalping thing on youtube. So, I want to be clear about what I am doing if I have not already been. Be aware the my trading balance is very very low and it's low for a reason. This kind of risk is not meant for a large portion of your net worth. However, it's fun to do and a good skill to perfect as long as you are not too emotionally tied.

Jun 24, 2016

Forex Scalping at 3.5% (changing gears a bit)

Well, I ended up legging long the gbp/jpy after what I though was the end of the Brexit move. Little did I know there was going to be another 1,000 pips in the gbp/jpy. This nearly took me out, but it has forced me to go back to the scalping system that I used to do. The reason I had stopped it was because the draw downs were too big. However, I think I can manage it if I stay more disciplined about how I grow it.

Jun 19, 2016

Big Forex Profits Ahead of Brexit

Well, as you saw in the video this past Friday, I had put on some risk by legging out of the triangular arbitrage based setup that I had on from the previous week and that was primarily centered around being long the usd/jpy, gbp/jpy, and eur/jpy ahead of the Brexit announcement that happens this week. Luckily for me, as you will see in the video today, those pairs all opened higher by quite a bit right at 5pm est.. I was on my phone when the market opened and when I saw the equity in my account go to the 280's (up about 16% from Friday alone) I closed everything out right then and there.

Jun 13, 2016

How the Forex Cross Currencies Are Going (Start of FOMC Week)

Welcome to a new week and a big week. We have the Fed Funds Rate and FOMC meeting on Wednesday. What that means is there will likely be some movement in the entire world market, including U.S. stocks and currencies. As you know my game is the currencies so that is where my focus will be.

Jun 6, 2016

Taking My 2% Forex Profit Finally: Also Adding Brand New 8-Sided Trade

As you will see in the trading video for forex, I had kept my initial 8-sided position on through the weekend and into today hoping for a 2% move up from the initial equity level of $242.50. I got it this afternoon and took that thing off like a thief in the night. Happy to finally get some new currency pairs going and still coming away with a profit on that last round.

Jun 3, 2016

8% Equity Move on NFP (Live Forex Trading)

Well after about a month of working my most recent triangular hedged position, it became time for (for me anyway) to leg 25% of my position. I did it in the way of removing my cad/jpy profit of over 500 pips and adding a 0.01 gbp/usd long position. This was done ahead of NFP as you will see in the video live.