100 Percent Forex

GBPUSD and EURUSD trades

2012-08-23T16:45:00.000+01:00

These both closed out last week, I just have not had time to update them, so here it is! The EURUSD trade closed out at 1.23556, which means we lost about 50 pips on that trade, and quite frankly the pair has never looked back since as it is up about 200 pips at the moment! The GBPUSD trade is slightly different - It never hit our stop loss, and I have just closed out at 1.58575. This represents a gain of 155 pips - a great result! Hope you followed this and gained with me! Regards, Roland

New sell on EURUSD

2012-08-20T14:03:00.002+01:00

As it says... A new sell order on the EURUSD @ 1.23040. SL will be 1.23556 which is about 50 pips wide TP is 1.22531 (about 50 pips) Enjoy!

New buy for GBPUSD

2012-08-20T13:28:00.000+01:00

A new trade was opened up on the GBPUSD currency pair at 1.57024 SL is 1.56725 (29.5 pips) TP level is 1.57380 (36 pips) The TP is only the first level of TP though, as because we are looking ta something quite tight here, I will probably get rid fo half the position if it goes the right way and keep half the position. Have fun!

EURUSD closed

2012-08-15T12:40:00.000+01:00

Well it was a bit of a shame, but the EURUSD trade closed out at breakeven. It was .9 of a pip away from hitting the take profit level, but that is the way sometimes it goes. As it stands now, if I had not moved the trade to breakeven, it would have finsihed as a loser as it has took a massive swing down. 0 profits lost.

New trade EURUSD

2012-08-13T17:45:00.001+01:00

Hi Everyone, Been a bit quiet recently, but a new trade has just been taken on the EURUSD at 1.23438 SL has been set as 1.23010 TP has been set as 1.23859 Have a good day!

GBPUSD closed, SL hit

2012-07-22T11:56:00.000+01:00

No surprises, but the GBPUSD stop loss was hit a couple of days ago (that is the bonus of a SL). Mine was hit at 1.57043 - just below the SL. That gave me a profit of 37 pips in total (a profit of 7.48) a nice little week of earning money! Have a good rest of sunday!

Keeping me informed

2012-07-19T19:39:00.002+01:00

I just want to thank all the new visitors who are visiting this blog for the first time. If there is anything I can add, please let me know, and I will endeavour to include it in this blog. Keep following me, and you will make a profit in the Forex markets. My trades to date should prove that. You can look up the dates I entered and exited and you will be able to see 100% that these are trades that are reported in pretty much real time (give or take due to entering and then getting on here to update! sometimes the market moves quite quickly!) Remember that all these trades could be traded by you, and you need not do anything other than replicate. You could even do better by entering better and exiting better than me. The Recent USDCAD trade is a prime example, as I am sure that it will probably continue in this vein for the next day or two. As long as you keep to the SL, you will do pretty well! Happy trading, and be sure to share this with others. It is a free service, so you have nothing to lose1

USDCAD closed

2012-07-19T19:31:00.002+01:00

The USDCAD trade hit the take profit which gave us a nice profit of about 110 pips! Great result, and it looks like it has hit the bottom when the TP was triggered.

GBPUSD update

2012-07-19T19:26:00.001+01:00

We are nicely in profit with the GBPUSD trade we have going at the moment. However, we are in uncharted territory here, so I want to lock in the profits we have. I have set the SL at 1.57046. This is well kn danger of being hit, but hey, it is profit no matter what. The TP is set just under the last resistance point which is 1.7610. This gives us some wiggle room of about 60 extra pips.. not confident it will shoot up, but we shall see! Happy trading, we are in profit on this one, and are guaranteed at least roughly 40 pips. I can live with that! ;)

GBPUSD buy

2012-07-19T08:11:00.000+01:00

Just had a buy signal on the GBP USD. Bought at 1.56669 Will update more later today.

EURUSD closed

2012-07-19T08:06:00.000+01:00

The EURUSD trade is currently going the wrong way, and the signals are telling me to get out. In actual fact, I am going to change this to a buy in stead of a sell. Let's see how this pans out. i will update on the trade in a bit.

EURUSD trade

2012-07-18T20:20:00.000+01:00

A new trade is to be taken. This is on the EURUSD and will be a sell order. The trade was taken at 1.22739 with a lot size of 0.02. SL is 1.23167 (43 pips) TP is 1.21953 (78 pips) Let's see how this one plays out! 0.02 is the usual lot size going forward according to my money management rules, it is not a win or lose on then double the lot size - martingale systems are destined to fail every single time. I have some advanced money management software that let's me win 10 and lose 10, and I will still make money - or lose 10 and win 10, and still make money!!!

Some order amendments for the USDCAD trade

2012-07-18T20:11:00.000+01:00

Well, things have been going pretty well with this trade, and as such I have made some slight changes. The new SL is 1.01381, so we are guaranteed a profit. The new TP however has chaned to 1.00730. A couple of reasons for this. One my signals are telling me that this trend will continue, it has broken some support levels, and the SL is actually slightly above this new resistance, so we will be protected if there is a sudden change. The new TP is just above an older support line, and I woudl be happy to take this.

Update to usdcad trade

2012-07-13T10:19:00.001+01:00

The way that the current pair is heading at the moment has led me to movemy sl level to move my sl to break even. Why? I think it was Benjamin graham (who taught warren buffet) that his first aim in his investing was not to make money, but ensure that he did not lose money. For example, If you lose 50% of your capital, you need to gain 100% back to just break even!!! By setting the sl to break even ensures that anything you make is always going I be increasing you bank and not clawing it back. Feel good in knowin that from here on in, this profit is 100% risk free! With that knowledge it is much easier to make the right decisions! Enjoy!

Sell USDCAD

2012-07-12T21:38:00.000+01:00

So for the first trade I am entering here, it is starting off with a small 0.01 lot (10 cents per pip). It is a sell on the USDCAD. I took the trade at 1.01828 Take profit is at 1.01001 62 pips Stop loss is set at 1.02460 84 pips. I am in the process of setting up my money manaagement tool (it does take some time to do) and once up and running, the lot sizes will change trade to trade. I would recommend that if you want to follow, you trade the same lot sizes to ensure that you make a profit, the take profit and stop loss is movable as you see fit, although there is some science in it so you may want to set them the same, although I am sure that the profit and loss will be different.

Back after a hiatus

2012-07-12T21:31:00.001+01:00

Well, I have decided to come back to what I love doing most, and trading Forex. This time hopefully for the long haul. Same rules apply that I will post a message when I take a trade, and will post a message when i move out of a trade. These trades will usually be between 2-4 days long... sometimes longer, sometimes shorter. The idea of these trades is that they will be running with the market over a longer period. Why? Well the longer the timeframe you trade on, the stronger and better the signals. I took a hiatus to start trading on the much shorter time frames. That was a big mistake. I am confident that My strategy is pretty good and is good enough to trade on a part time basis. I aim for about 100 pips per trade, but the stop loss will be around 50 pips. That means that I need to win 1 out of every 1.5 trades to be profitable. I know the maths don't stack up, but my money management means that if I win 10 and then lose 10 I will still end up ahead! Feel free to follow my trades, and i will post ALL my entries and exits, take profit and stop losses and also lot size! I will be starting off with the first trade today! Enjoy

New website launch

2012-01-18T10:46:00.002+00:00

Hi, after receiveing a lot of messages, I have been diligently working on a new website that has just been launcged.

This is found at www.everything-money-making.com

Thanks for all your support, and hopefully this website will be bigger and better than just a blog!!!

There is more than just Forex, but a whole range of other things that you can use to get money making!!!

Hope to see you there, and please join in the discussions!

Upcoming trades

2011-12-19T11:37:00.002+00:00

There are a couple of potential trades on the horizon, there was nothing last week except one I missed when i was on holiday which was on the EURCHF.

When we could have got in, there would have been roughly about 120 pips in profit.

Again though, I decided not to trade as the set up was not ideal, and as mentioned over and over again - I would much rather be 1 or 2 pips in profit than have a bif drawdown and look back saying that it was not a perfect setup! This will be waht distinguishes a trader from a gambler...

I know what bracket I would rather be in!

Happy trading!

Time off

2011-12-13T12:40:00.002+00:00

Just a quick message to say that I took last week off from looking at the markets due to other work commitments, which meant that I could not update my blog, and it also meant that I was not able to follow the markets that well.

With that in mind, I shall endeavor to let you know BEFORE I take a leave of abscence - of course sometimes that will not be possible, but I will endeavor to do so just so that you need not keep checking back all of the time.

Anyways, this does bring up a good point - I do feel refreshed coming back to looking at the markets, and it is important to have a life away from them. There is nothing better than a trader who is fresh and able to bring energy to the markets... It may sound strange, but energy is what is needed. You need to spend some time going through the markets each and every day, and It can quickly get quite tiring... taking time away can renew and refresh, and just remember, the markets are ALWAYS there (although some currencies may not... EURO !!! ;)

It is a worrying time in all seriousnes though, as the Euro zone represents the largest economy on Earth... 3 times as big as the US banks... that is certainly food for thought. If the Euro were to fail, there will be massive implications on all the markets around the World - not just currency, but equities as well as futures and the whole shabang.

It will be interesting to see how this plays out. Will the Euro fail? I would say probably not, but who thought Enron would fail, or Lehmann brothers or Northern Rock, or the (now) publicly owned banks in the UK....

Nothing is certain, but keep your eyes open for opportunities!!!

As it is, there is nothing on the horizion at the moment in terms of trades, but will be looking for them this week!

Happy trading

Another trade taken

2011-11-30T09:12:00.003+00:00

This one was on the USDCHF. I actually took the trade yesterday evening, but was not close to a computer to update the blog to let everyone know.

I bought at 0.92133 at 17:15 and it was closed out just a few minutes ago at 0.92200 (again I raised my stop to break even, but managed to take a couple of pips in the process.

I have started using a spreadsheet called DDSM which is an automatic spreadsheet that gives you lot sizes against risk. It looks to be very handy, as over the course of 20 trades, if you win 10 trades at 100 pips each, and then lose 100 10 trades at 100 pips each - you will come out with a hefty profit. Likewise if you lose 10 then win 10 you still come out ahead. A very useful tool indeed - it ensures that you have every chances of earning money over the long term.

Anyway, my lot size on this occasion using this spreadsheet and using past performance would have been 0.13, and the account balance would have been $1387.93! Quite a bit more than my other bank balance without using the spreadsheet... This small pip gain would have netted me $9.45,, which for one trade at a very low balance is great!

I think what I will do, is set up another account using the DDSMM money management spreadsheet to track how this spreadheet works - as anything that works well can add to the arsenal!

Happy trading!

Stopped out last night

2011-11-24T09:09:00.002+00:00

Well, as I mentioned yesterday, I was not wholly convinved there woudl be a massive move upwards, and thought I would put my Stop loss at Break even as quickly as possible. Good thing I did, as the trade woudl be in quite a bit of draw down.

Out of the trade with zero loss and zero porfit - my Break even was set at the entry price of 0.91988, so a good result in the end. The max profit I could have acheived would have only been about 4 pips, so it was a bit of a speculative trade that did not quite go to the 20 pip proift I was going after.

Happy trading!

Another trade

2011-11-23T20:41:00.000+00:00

This time on the USDCHF (again!).

The charts say to opem up on this strategy, so it has been opened, although I do have some signals which say that it will go the other way... as it is, the startegy is such that I need to follow it to the letter...

So USDCHF is a buy @ 0.91988. I have set the stop loss at about 90 pips to start off, but as soon as I am in profit on this one, I shall be going to break even as I am not entirely sure that this one is going to pan out the way I would like... Time will tell, and we have been on a very good run these past 4 trades, so I am happy to take the trade, but will be interesting to see how this one pans out!

Cross fingers, and trust in the trading Gods as such!

Happy trading!

Stopped out

2011-11-23T11:44:00.002+00:00

Well, The trade I took this morning was stopped out with another profit!

This time I was stopped out at a profit of 46.9, as I moved by SL to 1.34000 over the course of the trade.

I should point out that I considered halving my position and putting the SL at 50%, so I would have had some profit, adn the ability to let the remaing half run.

I chose instead jsut to move the SL up when i was in profit by about 65 pips, as I am more than happy to take the full profit early as it means less of an effort in tracking the trade over a course of a few days.

What I am trying ot do at the moment is to reduce the maximum stop loss but keep the risk the same, so when I am in profit, I earn a lot more.

I have detailed this bfore, but by halving the maximum stop loss (from say, 150 to 75) I can double my position sizing (from 0.1 to 0.2 for example). This means that I do not have as much wiggle room in terms of price movement into drawdown, but at the same time I DOUBLE my profits.

So far I have not documented original stop loss levels and position sizes, but maybe I should?

Anyway, another profit!!

Happy trading!

New trade on EURUSD

2011-11-23T10:15:00.002+00:00

A new trade was opened on the EURUSD about half an hour ago.

I got into the trade - a sell @ 1.34469.

I have already moved the stop loss to break even, so I now have zero risk on this trade. It is good to let these ride... The great thing about this trade is that it has broken some really massive resistance, and the next major support level is at about 1.31... so we could be looking at quite a nice little profit on this one (although the cliche 'famous last words' come to mind)....

Already I am in profit, and with the safety net of the stop loss being at break even, I am kind of feeling pretty good about this trade.

Putting the stop loss at break even straight away is a major psycological boost to your trading, and yet it could easily swing back and take away any proifts, but the major thing is that I have absolutely no risk - zilch - to my account, so even if this took a massive reversal, the most I could lose is nothing... How brilliant is that!!! This has got to be the single most best thing I have ever learnt.... and that is no lie. The strategy itself is great, but once I am in proift - I can not not lose. A similar thing can be used by using trailing stops. Although very very useful, I am taking more of an active look at the trades, and trying to determine what should happen with it. It is all a learning curve of course, and in the last two trades, the stop loss was put at a level that meant they were stopped out for relatively small gains when the trades themselves could have gone on for many more pips... HOWEVER, they were stopped out at what was a pretty huge resistance/support level, so despite the fact they were stopped out, I made a profit on something that could have easily gone the other way and wiped out those profits and could have easily gone on to be a loss.

Something I learned a long time ago was never complain about a profit. This means taking small profits despite the fact that a trade goes on to make HUGE gains. If you always make a profit, that is great, if you make 1 or 2 losses, you could be in huge draw down which is not good!

Anways - here's to happy trading!!!

This weeks trading

2011-11-22T09:27:00.002+00:00

So things have started out a little slowly this week, however the markets seem to be getting into some direction. We have the potential for a couple of trades this week - just waiting to see if they are viable or not.

I think that because we have some fairly good trends at the moment, it would be very easy to dip in and out with little fear that everything is going to go against you. As I have mentioned at length, the trades that are taken on this blog are only to do with 1 selected strategy - my own creation (which let's face it, is doing pretty well... if i say so myself!) so it is pretty obvious that there are lots of money to be made in the markets, but on this blog you only get 1 of them! This is one of the reasons why trades are not taken everyday. These trending markets are such that there are plenty of opportunities out there - but you need to have a few weapons in your arsenal to ensure that you are always have the opportunity to make good solid trades.

As always, I will keep you posted of any additional plays.

As for my other little investment with JSS Trippler (which is located on the right of this blog) I am starting to really ramp up the amount that I am making, and was talking to someone the other day who showed me how much he was making - $200 a day. He has just bought a top of the line computer, and was still investing more. I am hoping to start withdrawing and adding to my forex account. An additional $50,000 should not really go amiss...!!! I really woudl reccomend that you take a look at it - it is free to browse after all. Check out JSS Trippler through the link on the right and I will be your sponsor and guide you to what you need to do.

As always happy trading!