Tuesday, 24 June 2014

Trading Day 1 ( Trading Made Simple Method)

Hi all,

This is my first trade using the free method that can be found HERE (I DID NOT CREATE THIS METHOD).

Please note that I trade the following pairs only: GBP/USD, EURUSD, USDJPY and GBPJPY.

Timeframe: H4 only

Trade One 

Well I was up bright and early as always and the TDI on the USD/JPY had crossed with a nice gap. The candle stick was the first bullish of the day so I entered a BUY trade as below:

Trade information:

Type:Buy

Size:1.00

T/P: 200 pips

Time: 6:30am in theUK 

I am hoping this will be a winning trade as it looks like a strong signal and I have set a hard profit target of 200 pips. Please note this is my preference and there are no hard and fast rules, just follow your trading plan.

I will close all open trades on the 3rd candle and take any profit or loss as the rules.

Well I be back later with the result of the trade and fingers crossed it's a winner :).

Happy trading:)

Disclaimer

Please note that you trade at your own risk as the information above is just my trading experience. Please seek professional advice before risking your own money. 







Tuesday, 17 June 2014

Early bird trading method - introduction (trading with day job)

Hi all,

I have always been interested in trading and brought many so called systems and methods which all turned out to be profitable only to there publisher, but I have no hard feelings and should have known:). After reading all that crap and losing money I went back to the drawing board.

I was lucky to come across the forum Forex Factory which is a great forum to learn Forex trading and was even luckier to come across a FREE method called Trading Made Simple.

I will go into detail of the system next post.

Happy trading :)