Purple Patch Forex Trading

Correlation

noreply@blogger.com (Kableash) — Tue, 08 Jun 2010 10:45:00 +0000

Trading using correlation - www.purplepatchforex.co.uk/correlation

And with that!

noreply@blogger.com (Kableash) — Wed, 14 Apr 2010 07:27:00 +0000

2 PIPS for me this morning, but I was a little too cautious maybe, could easily have had a pile, but there you go.

In the last few months I think I've covered most scenarios of trading with this strategy and I hope it will help all of you that decide to take this approach.

And so it is getting a bit tedious posting things like I had 2 pips, I had 7 pips on a regular basis, there is no analysis to do as such, so I won't be posting regularly from now on, but any points of interest that may be useful I will.

Thanks for your interest in Purple Patch Forex www.purplepatchforex.co.uk

Not On

noreply@blogger.com (Kableash) — Mon, 12 Apr 2010 12:42:00 +0000

Easy trading today, the market was just too jumpy, so nothing doing.

STOP!

noreply@blogger.com (Kableash) — Wed, 07 Apr 2010 14:18:00 +0000

I hate Easter! I had a 0.7 PIP and a loss of 3 - BAD, totally bad, it's the long break, so that makes me near as damn it to break even this week, I've been here before, but for the first time this year, I'm suspending live trading until next week.

Spreads have been tighter on Oanda in the morning sooner but today it was wider at lunchtime, this means something is different, and I should have sat it out, especially after the poor trading I did yesterday, I was just not happy with it at all.

Anyway, been here before, stop trading, and Practice what I preach, and practice practice practice, so I'll be on my simulator until next week.

So next update will be next week, when I will have re-honed my skill and be ready to go again.

Must Do Better

noreply@blogger.com (Kableash) — Tue, 06 Apr 2010 12:21:00 +0000

Nice big moves his morning, they may not have been tradeable but I didn't feel my concentration levels quite there this morning so I think I probably missed out, it'll be because of the long weekend, so made nearly 1 this morning, then lost nearly 1, and finished with nearly 3!

Bargain

noreply@blogger.com (Kableash) — Thu, 01 Apr 2010 11:56:00 +0000

A really Odd day, But GOOD!

0.5 and 0.2 this morning, this is a big part of this strategy, any hesitation in the move come out.

Another 0.2 and then 10+ this NY session.

I'm quite happy with that, makes nearly 4% on the week (loosely calculated)

http://www.purplepatchforex.co.uk

Nothing Again!

noreply@blogger.com (Kableash) — Wed, 31 Mar 2010 12:51:00 +0000

Nothing to report - it's Forex trading, hopefully we'll get something tomorrow because it's off on Friday

Nothing

noreply@blogger.com (Kableash) — Tue, 30 Mar 2010 13:20:00 +0000

Nothing to report today, I think all the action happened between sessions.

www.purplepatchforex.co.uk

A couple to start with.

noreply@blogger.com (Kableash) — Mon, 29 Mar 2010 12:12:00 +0000

Expecting News at 12.30 I didn't pay attention until 12:35 when I realised I hadn't changed the clock on Forexfactory, what a div! Anyway just over 2 PIPS to start the week off, market went really jumpy after 1, so I stopped.

http://www.purplepatchforex.co.uk/

Karma Chameleons

noreply@blogger.com (Kableash) — Fri, 26 Mar 2010 08:20:00 +0000

10 minutes trading this morning! 7 PIPS, that never happens, well obviously it does 'cos it just did, the Forex Karma must be with me, but just remember it can so easily change!

So what's that for the week, I'll call it 20 it's close enough, a very pleasing 6%+ return, back of the net methinks.

http://www.purplepatchforex.co.uk

3 More PIPS

noreply@blogger.com (Kableash) — Thu, 25 Mar 2010 17:52:00 +0000

Just over 3 pips on the NY open, I think I'll trade tomorrow, I don't normally, but it's been one of those weeks when trading conditions have been good, but difficult to nail some opportunities, so the conditions may still be good, and opportunities might arise.

15 Minutes Today

noreply@blogger.com (Kableash) — Wed, 24 Mar 2010 13:13:00 +0000

There was only a small trading window today with all the news this morning, I snuck in 2 PIPS before the Budget speech.

www.purplepatchforex.co.uk

Lost a half Gained a PIP

noreply@blogger.com (Kableash) — Tue, 23 Mar 2010 13:38:00 +0000

A loser, when you get slippage, there's nothing you can do about it, it's a fact of trading, so I lost a PIP, but I had another trade and got a pip, the market was good but not that good. Nothing Ventured nothing gained, and more important NOTHING LOST.

www.purplepatchforex.co.uk

No BUT Yes!

noreply@blogger.com (Kableash) — Tue, 23 Mar 2010 09:13:00 +0000

No trades this morning, but it bodes very well for this week, some good volatility, good movements, it's been a while since I've seen such activity, hopefully it'll end up a very profitable week.

Note to 'newbies' markets like this morning can be really tough for the inexperienced, the market seems to move but you just didn't manage to get in, I think if I was a little sharper this morning I could have been 9 PIPS up, but you have to think, when it's gone, it's gone.

What a great little session

noreply@blogger.com (Kableash) — Mon, 22 Mar 2010 14:11:00 +0000

Had 2 trades 0.9 PIPS and 4.8 PIPS, that's the best start to the week for a long while.

15 PIPS for the week

noreply@blogger.com (Kableash) — Thu, 18 Mar 2010 14:57:00 +0000

No trades today, a little disappointing not to have another one to go nicely above my averageish since it's been well below recently, but not to worry, it's a good return over 4% this week.

And Another

noreply@blogger.com (Kableash) — Wed, 17 Mar 2010 18:49:00 +0000

Another 4 PIPS or so, it's looking pretty good this week.

http://www.purplepatchforex.co.uk/

Heading for a good week

noreply@blogger.com (Kableash) — Wed, 17 Mar 2010 09:53:00 +0000

Another nice little trade this morning 2.7 PIPS, looking to be quite a good week, about time an' all, this is what can make it so difficult for beginners, I have had nearly 3 weeks with nearly nothing for one reason and another, until you accept that this is what trading is like you will find it hard to be consistent.

http://www.purplepatchforex.co.uk/

A pair of 4s!

noreply@blogger.com (Kableash) — Tue, 16 Mar 2010 13:11:00 +0000

Well not quite but a 3.9 and a 4.2, a handy session, didn't trade until 12:40 because of the News, then 2 trades in half an hour - things are looking up.

www.purplepatchforex.co.uk

No Trades

noreply@blogger.com (Kableash) — Tue, 16 Mar 2010 08:35:00 +0000

Spread didn't tighten this morning and the market behaved like it normally does when it doesn't - if you get my drift - a bit jumpy.

Patience Pays, it's been a while since I had a decent trade, but sometimes you have to be prepared for a month of it, and then at a drop of a hat your getting loads in every week. Wait for the market.

No trades

noreply@blogger.com (Kableash) — Mon, 15 Mar 2010 13:40:00 +0000

No trades today.

My View on FOREX Scams

noreply@blogger.com (Kableash) — Sun, 14 Mar 2010 07:50:00 +0000

http://forums.babypips.com/newbie-island/31975-how-spot-forex-scams-4.html#post178544

Computer Malfunction

noreply@blogger.com (Kableash) — Thu, 11 Mar 2010 14:14:00 +0000

Well that was an eventful session, at least it was for me, don't know what happened, my broadband, the computer or both went mad, oh well, there's no way I'll trade tomorrow, I'll wait till I've got fresh and clear mind for Monday NY open.

What a slow week.

noreply@blogger.com (Kableash) — Thu, 11 Mar 2010 08:15:00 +0000

Spread opened from 2.4 to 4 pips, it went back, but I never trade when I see anything untoward.

Quiet again

noreply@blogger.com (Kableash) — Wed, 10 Mar 2010 14:24:00 +0000

No trade, I'm sure that's the quietest Wednesday afternoon sessions for awhile, even after bearing in mind that it's quiet on the news front as it it normally for the first full week of the month.