Trading Blog

EURJPY Win PLUS Identifying the Next Trade

EURJPY Win PLUS Identifying the Next Trade

Just as I thought, EURJPY found support at a level with some confluence with this trendline and it took off! This win netted about 60 pips. I took off the whole position, only a .01 size lot, in-between two identified zones. My stop was about 22 pips below, giving me...

GBPAUD for 99 Pips!

GBPAUD for 99 Pips!

The FX wins keep coming for me at the moment on this account. Now up 21% in TWO WEEKS. Not bad and perhaps not sustainable. I took this trade on GBPAUD. I spotted bullish divergence and rejection of this zone on the 1 hour and hopped in. I sold well before the next...

Why I Can’t Make Money Trading

Why I Can’t Make Money Trading

Oh boy, here it goes…why I can’t make money trading

I’ve been trading off and on since about 2008 but only taken it seriously for the past couple of years. I started off creating covered call positions. That’s when you buy shares in multiples of 100 and sell a call option against it.

Trade Entry on DGAZ

Trade Entry on DGAZ

Yesterday I entered a position on DGAZ in my Robinhood account. I took this position on the 2hr time frame for a swing trade that is still ongoing as I write.  Here is the comparison between NatGas and DGAZ at the time:Natural GasDGAZSo why did I make this...