Well what is happening? Happy Easter to everyone and let's get into the trading this past week. The best thing that happened was a little direction play in the gbp/usd. They pair still owes me a lot as I try to aggressively grow my capital back up.
Mar 18, 2016
Welcome to the end of the week and we had some gigantic forex moves after FOMC this week. The gbp/usd moved up 400 pips (I had no exposure there) and the usd/cad, eur/usd, nzd/usd, and usd/jpy all swung around 200-300 pips. This is when you have opportunity and I was actually on the wrong side of the move in the synthetic hedge. However, I turned it into a profit to close out the week...
Mar 16, 2016
Well it was a definite win on the FOMC statement. Fed basically saying they are scared to heighten rates (get those mortgages locked in!) and with this everyone is jumping back into the market as SPX skies to new heights. With the trading strategy I am using in forex, it ended up allowing me to take of some profits in the synthetic cross hedging positions and get a new one on to play the rest of the move.
Mar 11, 2016
Ok, this is a good opportunity for somebody to raise a good amount of starting capital for their trading endeavors. Tallinex (the ECN forex broker I am partnered with) is doing a trading competition that starts this Sunday March 13, 2016. They are giving away a total of $10,000.
at 1:23 PM
Well, it was a damn fight to the end with my attempt to get back to $180. As you know earlier in the week I was within $5 at one point of getting to that target. I just need that much capital in order to have a slight amount of free margin and still use the synthetic forex hedges with two sets. (I really want to do 3 sets, but that will take quite a bit more profits.
at 1:10 PM
Mar 7, 2016
Well for all of those that have been following along closely for the past few months, you know I have been trying to get my forex account up to the minimum level needed to do the synthetic triangular hedges in at least 2 separate sets of forex pairs (meaning 8 total positions long and short).
at 12:16 PM
Mar 3, 2016
Well as you may have known from following the youtube trading videos, I have been legged out long gbp/usd and eur/usd for about a week and a half. This was part of my continued attempt to raise the capital in my account to a point that was able to do flat hedges between 8 currencies at once (including the crosses).
at 6:44 PM
Mar 2, 2016
MetaTrader 4 has long been accepted as the best trading platform around. However, it has not always been accessible to everyone. Since it is not available as a web application, you need to download the software. But the software was developed for Windows computers. Clients of brokers running Mac OS X have faced a lot of frustration, as a native MetaTrader 4 for Mac has been hard to find. Traders have resorted to installing parallel software to run MT4 on their Mac.
at 3:09 AM