I thought I’d create a thread for those of you who are trading this week.
I will be doing the FXStreet Webinar tomorrow at Noon EST, but that is it for this week.
I’ll see you again for the WLW on January 4th. That is also the start of the next Trader Development Course. Seats are still available at the 2009 prices.
I hope you had a stellar holiday season.
Be good to you!
Triffany
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at FXStreet.com and heads "The Human Element" a blog dedicated to trading psychology at ForexMotion.com Want to know more? She was recently profiled in "FXStreet.com's Women in Forex" Series.
You can contact her at Triffany(at)Triffx.com
Hi nobody! I am having fun playing EURJPY, GBPUSD, and NZDJPY back and forth….. tight SL and TPs. Actually, it is quite profitable and with small positions, I just wait it out for a workout. Try it with small positions….. Play the 1 and 4 hour, drilling down to the lower ranges for execution. No hurry on these.
Triff, the “Steller” season is not over yet……..
This market is very volatile but good training for nimbleness. I have been practicing setting targets to buy and to sell….. set the entry or exit and watch. Surprising how many places it works using what Triffany calls “Important levels” as entry or exit prices. I set a price to sell my long USDJPY, cut it short, then entered a re entry long at 92.365. At the moment it looks good. Happy New Year Triff
Thank you, Jerry, and a happy new year to you as well!
Hi Triff,
The week was perfect! Volatile, yes, but very instructional, in training nimbleness! Overall, I traded small lots, the pairs that I know, relaxed and enjoyed. Last night, New Year’s eve, was a good omen – dinner with friends; full moon on New Years Eve (happens every 19 years) and great midnight fireworks. However, before leaving for the evening, I entered several small positions with rather short TPs….. They clicked in successfully -so when I got home and tallied the week, 2.4% overall gain for the week. Far below my weekly target, but great for a short week full of “switchbacks”. Cheers