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Disabled Traders Program #101 for 2010

Sat, 21 Aug 2010 05:47:12 +0000

Welcome to another Friday, traders. We’ve seen a little bit of everything this week but the end result is another week of over 100 pips profit – and that’s awesome whichever way you look at it.

The last stop for this trading week was London. After some rough times yesterday, I decided to observe during Asia and trade the later session. That decision paid off, with both trades called running smoothly to a combined +80 pips. AUD/JPY was the Trade of the Day, securing 50 pips in around 3.5 hours. EUR/USD was in hurry to reach its 30 pip target, doing so in only 45 minutes.

There’s 1 more week left in August and realistically I’m looking at passing the +3,000 pips milestone in September – but this month has been terrific and any result over 500 pips would be fantastic at any time of the year.

See you all again next week.

Trade of the Day:

http://www.youtube.com/watch?v=uO6V0tx-_vo

Weekly Performance = +114 pips

Total for 2010 = +2,564 pips

Disabled Traders Program #100 for 2010

Thu, 19 Aug 2010 12:45:53 +0000

G’day traders. Short and simple today because unfortunately this morning’s Asia session wasn’t terribly friendly. It was a brief return to the difficult times of a few months ago, when the Yen pairs had a habit of playing Jekyll and Hyde.

Without sounding all doom-and-gloom (I am still in profit for the week, after all) the fact that EUR/JPY got to +45 pips before eventually being stopped out for -37 pips really leaves a nasty taste in your mouth. In hindsight, I should have locked in 15-20 pips before the pair started to rise… but that is a lesson learned from today. GBP/JPY at least never teased me with the idea that it was going to reach profit. It started and ended in a bad mood… but stop-outs happen and it’s important to realise that they are as much a part of trading as anything else.

Here’s hoping Friday gets me back on track in time for the weekend.

Disabled Traders Program #99 for 2010

Wed, 18 Aug 2010 10:45:04 +0000

Despite finishing in profit, the last trade of yesterday’s Asia session left me wondering if today might be a tough assignment. However I need not have given it a second thought, as I banked yet another day of 100% success for trades closing in profit.

EUR/JPY was my Trade of the Day, making 50 pips and never even looking like threatening the stop of -37. AUD/USD was similar, in that it never threated the initial stop of -37 but it’s movement was much slower. This allowed me to progressively move the stop price further and further into profit, until I ultimately secured 30 pips and another successful Asia session total of 80 pips.

This ALREADY puts me over half way to the next milestone of +3,000 pips! I’ve said it before and I will say it again… There is no better job in the world than trading FOREX in a friendly market.

Weekly Performance = +108 pips

Total for 2010 = +2,558 pips

Disabled Traders Program #98 for 2010

Thu, 12 Aug 2010 09:30:24 +0000

It’s good to mix things up now and again – and this Asia session provided 2 trades that were slightly different from what has been providing so much success in the last few weeks.

The good news is – both trades were still profitable!

The first trade was a LONG position on GBP/JPY. Although there aren’t too many long trades called, this one didn’t come as too much of a surprise. Both GBP/JPY and EUR/JPY have experienced strong down-trends in recent weeks, so it’s reasonable to assume that what goes down will, in some way, go back up. This got us off to a positive start and locked in 15 pips.

The second trade was a SHORT on AUD/USD – meaning that there were no shorts on EJ or GJ, which I have almost come to expect lately. After moving sideways for an hour, favourable news (for traders anyway) came through in regards to the Australian unemployment rate – and the Aussie dollar dived straight to its 30-pip target.

So that’s another 45 pips locked away in what is turning out to be a stellar August. At this rate, I could be celebrating +3,000 pips by the end of the month!

Trade of the Day:

Disabled Traders Program #97 for 2010

Thu, 12 Aug 2010 09:29:59 +0000

Hello again, traders. Another Asia session and another set of profitable results. Things are really rocking and rolling in the right direction, these days!

The Yen pairs, EJ and GJ, were on their best behaviour today. Recently they have been finding profit, although one would perform better than the other. Today they both reached their full potential and in fact ran well beyond our set profit targets. That’s certainly a welcome sign in terms of liquidity – and the 100 pips profit just continues to make my account balance look more and more stunning!

I can’t wait to see what tomorrow has in store.

Trade of the Day:

http://www.youtube.com/watch?v=i2Ed79ft0rM

Weekly Performance = +180 pips

Total for 2010 = +2,405 pips

Disabled Traders Program #96 for 2010

Wed, 11 Aug 2010 09:27:33 +0000

Another new week has been kicked off to a great start by a profitable Asia trading session!

This session followed on seamlessly from last week. In all 4 trading days there were 2 trades called in each session I traded and all positions ran to profit. It was an ideal week. Today has given me a good feeling that this week could be even better.

EUR/JPY gave me my “Trade of the Day”, with 50 pips profit reached in just over half an hour! This was followed by a solid 30 pips from AUD/USD, which means today was another day without a stop loss. It’s already looking like the journey from +2,000 pips to +3,000 pips is going to be much smoother and faster than the time taken between +1,000 and +2,000 pips.

Trade of the Day:

http://www.youtube.com/watch?v=GlckEgu5kE4

Weekly Performance = +80 pips

Total for 2010 = +2,305 pips

Disabled Traders Program #95 for 2010

Fri, 06 Aug 2010 23:37:31 +0000

G’day traders and welcome to the end of what has been a very calm and enjoyable trading week.

Consistency has been the word throughout the last 4 days. I chose to trade the London session today, after trading Asia for the last 3 days. However, just like in each Asia session, the trades called were on the Yen pairs of EJ and GJ – and they were profitable.

The profit targets have never exceeded 50 pips for any single trade through the week and today the targets that were met gave me 30 pips on each trade. So this result of +60 pips completes a week where the profits have been between +65 and +35 pips per day. The weekly result of +225 pips is a fantastic start on the path to +3,000 pips.

If I could trade weeks like this every week, I absolutely would.

Keep an eye out for my new “Trade of the Day” videos, coming soon on YouTube.

Weekly Performance = +225 pips

Total for 2010 = +2,225 pips

Disabled Traders Program #94 for 2010

Fri, 06 Aug 2010 01:36:24 +0000

Hello again traders.

For the third day in a row I traded in Asia and made steady profit through EJ (EUR/JPY) and GJ (GBP/JPY). However, today’s profit was a little smaller, due to some retracing from those two pairs. This meant that my strategy of moving the point at which trades are stopped-out did a particularly effective job, once conditions became more sideways. There was less and less movement as the day progressed.

GJ performed slightly better than the last 2 days. This time I opted to lock in 20 pips when it reached the high point of around 40-43. Unfortunately, it never quite got that last kick to 50 pips. EJ was also aiming for 50 pips but it’s high point for me was just over +30, which allowed me to lock in 15 pips.

I’m more pleased with the consistency of return for this week, rather than the volume of profit. If Friday can secure me a weekly result of over 200 pips, that would be a great start on the road to +3,000 pips.

Keep an eye out for my new “Trade of the Day” videos, coming soon on YouTube.

Weekly Performance = +165 pips

Total for 2010 = +2,165 pips

Disabled Traders Program #93 for 2010

Wed, 04 Aug 2010 20:52:21 +0000

G’day traders. I had a rather spooky case of deja vu during this morning’s Asia session. It’s all good news though – because a repeat of a profitable day is never a bad thing.

Yesterday I made 50 pips on GBP/JPY and 15 pips on EUR/JPY, for a total of +65 pips…

Today I made 50 pips on GBP/JPY and 15 pips on EUR/JPY, for a total of +65 pips…

The only major difference in trading today was that the trades matured much faster. There is almost certainly a general increase in volatility returning to all parts of the market, so this is pleasing news for all traders.

Keep an eye out for my new “Trade of the Day” videos, coming soon on YouTube.

Weekly Performance = +130 pips

Total for 2010 = +2,130 pips

Disabled Traders Program #92 for 2010

Tue, 03 Aug 2010 20:50:17 +0000

Hello once again, Traders! It’s been a week since my last entry, due to my taking some time off to show a very special girl the sights of Sydney. I’m hoping you didn’t miss me too much!

I eased back into business with a solid performance in Asia, this morning. 50 pips profit from GBP/JPY and another 15 from EUR/JPY. EJ came within 6.5 pips of fulfilling its full potential of +50 pips but it wasn’t to be today and +65 pips for the day is the kind of result that I’d be happy to take every day, in the name of consistency.

Keep an eye out for my new “Trade of the Day” videos, coming soon on YouTube.

Weekly Performance = +65 pips

Total for 2010 = +2,065 pips