Archive for the Forex trading Category
![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
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![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
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![The 9 to 9 trading system]()
So this is the official name for my new system that I am running on the blog. I call it 9 to 9 as it draws the high and low of the chart movement between 9am and 9pm GMT time. The breakout system then goes long if it breaks the upper bar and short for the lower bar.
I traded it yesterday for a healthy profit. This system has a higher pip stop than my usual system so each trade is half the usual size which amounts to around 5% of my trading pot, money management is important!
So today, the
June 10, 2010
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