July 9th, 2007
When short-term trading, it seems impossible trying to keep other tasks on track. I started this blog at the beginning of the year with the intent of posting trades and trying to give free info for novice forex traders to learn from my mistakes and successes. So today is a new day. I have adapted my trading along the way to elminate the stress and time consuming aspects of trading. My trading plans that once focused on trade entries now focus completely on exits and money management and though I may look at the charts during the day my entries are usually placed anytime without specific triggers. The trades are based on long term swap rates, trend and position sizing using support and resistance levels. I have just reinstalled the blog software, so all other comments that I have posted have now been deleted. I will be working on the layout of the blog from time to time to match the website. But since this endeavor is not to make money but to hold myself accountable to my trades, the design and layout may not happen to quickly.
I hope you join me and good luck with your trading.
Ken
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July 23rd, 2007
I have been waiting patiently for a trade to setup and now the USD/CHF is showing signs of a possible trade. Currently support is at 1.1961 and that would be my stop. I will wait for a move back down before a break to the upside.
Good Luck Trading,
Ken
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July 25th, 2007
On the daily chart two swing trading signals have been generated. Since both of these trades are going against the long term trend I will only be risking 1% of my trading capital.
I will place the following trades.
USD/CHF - Long
Buy @ 1.2165
Stop @ 1.1961
Target @ 1.2429
GBP/JPY - Short
Sell @ 246.26
Stop @ 251.07
Target @ 241.26
Good Luck Trading,
Ken
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July 26th, 2007
The GBP/JPY triggered a trade today with a nice down move. The USD/CHF did not trigger and I am still holding on my entry. Their are some possible trades setting up with a short on the EUR/USD, NZD/JPY, NZD/USD and a possible long trade on the USD/CAD.
Good Luck Trading,
Ken
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July 27th, 2007
The target on GBP/JPY was hit with a 241.26 pip gain. After close today their should be more confirmed swing signals.
Good Luck Trading,
Ken
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July 30th, 2007
I will be entering the following order for the EUR/USD using 1% of my trading capital.
EUR/USD - Short
Sell @ 1.3693
Stop @ 1.3852
Target @ 1.3216
Good Luck Trading,
Ken
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