Archive for June, 2010

Beauty trade on the 9-to-9 GBPUSD trading system

Beauty trade on the 9-to-9 GBPUSD trading system

On Friday 11th (sorry, posting this a bit late), I traded the 9-to-9 trading system on the GBPUSD. For those who haven't been following, it's trading the breakout of the highest and lowest points between 9pm and 9am GMT time. The timing on my chart says 5am but that's because I am using a US broker and it's not clever enough to work out where I actually am.. it's a minor detail. Anyway, the top of the range was 14757 and the lower, 14651. The range is just over 100 pips so can be done. I h

June 14, 2010 No Comments Full Story

New Free Trading Magazine – grabs yours here

New Free Trading Magazine - grabs yours here

The June 2010  issue of Traders, a magazine for people interested in trading is available. Best of all, it's free, all you need to do is to head to http://www.tradersonline-mag.com to grab your copy! This month the cover story is about high-frequency trading. Other topics are swing trading strategies, using different stops for greater profits, pros and cons of short strangles, head and shoulders pattern. My favourite bit is the trader interview and this month, they have Mike Baghdady who wro

June 13, 2010 No Comments Full Story

11th June GBPUSD – 4 to 7 trading system

11th June GBPUSD - 4 to 7 trading system

Today, the range bars was rather narrow... just 30 pip range which is tiny... The upper range line was 14737 and the lower bar was 14707 The market did break towards the upside triggering the long.. however, the target was 14767 but the highest it reached was 14759 before it collapse. This meant a 30 pip loss. However, the short which followed was good netting 30 pips resulting in a stratch trade day. I have decided that I need to be disciplined and this involves trading the system tire

June 11, 2010 No Comments Full Story

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