Monday, December 13, 2010

Trading GBP/JPY Profitable trade $580

GBP/JPY is very volatile pair of currency like I mentioned before. For some reason I feel I want to trade that pair. Yesterday,  I spotted that short formation  before my bed time. I was hesitating a little bit because I don't like to have open position when I sleep. I like to have control over my position and see what is going on on the market.

But this formation was showing bearish divergence on 30 min and 1h. That would mean the potential for a move more than 50 pips. And when GBP/JPY shows the formation it is always RELIABLE!

Yes, something is reliable on the market!! Can not be ;-)

Each pair of currency has it's own characteristic. It's good to be on the market for a while in order to see that. I started see things in that volatile pair British Pound/ Japanese Yen and I like it so far.

Here are charts:
1)1h chart was showing all bearish reasons I like to see.

2) 5 min.
I expected one move up in order to create bearish divergence or double top what exactly happened.

 I closed position when Eaton woke me up at 4 am in the morning. That was a good decision because price reversed and went up in very short period of time. Although I expect price to go down anyway but the position would be open for too long. And I like to give my baby quality time during the day. Baby is my priority in life now. Trading -secondary, became my hobby.

Would be nice to trade more often. No one bothers you, you are your own boss and no one criticise you when you experience loss. So far so good, no loss whatsoever.

Happy HOLIDAYS!!!!!

Thursday, November 11, 2010

Profitable Swing Trade

I spot that trade in a very volatile currency GBP/JPY. I planned  to trade that pair but I always missed some interesting entry until today.

Thursday is my day off from the baby. My lovely husband is taking him to the beach, parks and stores and I have some time for myself. So why not to trade in peace? ;-)

Here is a chart of my swing trade. It took only 20 min to make some money. This currency is extremely volatile. That means the risk is higher and it's easy to loose money pretty quick if someone doesn't know what to do. But not me ;-) I made $620 in 20 min...  :)

Friday, October 29, 2010

Behind with posting all my trades

I am behind with posting all my trades. Recently I had many small profits like $200-$400.
Here is the recent one I took yesterday between playing with my baby and doing dinner!
That's why I love trading. You can do it from your kitchen!!

I love  freedom that Ipad is giving me!!

Sunday, October 3, 2010

Weekly target-to make $1000

This trade was unexpected. I woke up and I was feeling a little dizzy. My eye contacts were dry and I wasn't totally sure to go in or not.
Other reason was that I didn't trade that setup where price wasn't below 200 EMA for a while, so I was a little bit hesitating and waiting until price would go down. That means a trade was open few pips lower than expected. Overall I closed position when I saw bullish divergence in RSI.

 I should close half or not at that time. But, like I said I was tired a little bit so this trade was profitable but not so successful.

Here are charts
Here is the chart of later price development showing level I closed position and where it should be my right level of closing. But like I said I didn

Thursday, September 30, 2010

How to make $1000 in few hours in Forex

Today I took another position in EUR/JPY
Here is my step by step approach:
First I look at 30 min, then go to 15, 5(not included) and 1min chart for entry. Another positive day $1,000
The reason I closed all of my positions is because my target of $1,000 was achieved. I didn't want to close only the half (that what most traders would do) because I was busy with my son. It was dinner time and bath time for my baby. My position was open for 5 hours anyway and I wanted just to close it and forget about it.
In my last picture there are some way you could manage a trade and hold until the end of the move down.

Monday, September 27, 2010

Another positive trade in EUR/JPY

Here is another positive trade in the same currency Eur/Jpy. I used to complete my trade with detailed description on charts I save and Excel but I'm busy mom now and don't really have time for that. But that what successful trader should do. I will improve that and describe my method of trading. 

For now I spot that trade on Friday evening. I opened the position  almost right after the opening market after weekend. It was Sunday for me (Hawaii time). My position wasn't open to long-few hours, but because I was busy with doing stuff with my baby I closed position. I was tired of keeping it open and constantly looking at the screen when my baby needed attention. $700 was not so bad!!

Thursday, September 23, 2010

I had some brake from trading. I was busy with my life, baby and early learning adventure.

But yesterday I spot that beautiful EUR/JPY trade that I couldn't resist. That was typical A trade I love to play with.
 Little risk-30 pips per lot
3 lots to short. Why 3? I traded maximum I could on my account because I had all evidences telling me GO FOR IT!!
Negative divergences in RSI and MACD, break in RSI support, reversing candlestick formation,round number etc...

Here are the charts

I love that look of a chart on a bigger time frame. And who said you can't spot a trade on a top of a reversal trend ;-) The trade will go on lower but because I was so tired yesterday and ready to go to bed I closed my short. I don't carry trade without monitoring them. $2000 in few hours, not bad!!