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skydiver skydiver is offline

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TRADER's Journal

Why Do I Trade Forex?
To make money
Trading Experience
3-5 Years
Best Trade of the Day and Why
When BOE ANNOUNCED INTEREST RATE HIKE BACK IN 2007 AT 0.5% ABOVE EXPECTATIONS. Loads of pips.
Best Trades of the Week
The drop in Pound/Yen August 2009. I was short 152.20, 151.40, 148.10,147.36 closed at 140.50.
Trade Pick of the Week
?
Worst Trades and Why
Ive been caught on more than one occasion by the dreaded dead cat bounce. Price soars or drops significantly - im not in the trade so feel as if im missing out on something great. I enter for the sake of entering only for price to reverse.
What I look at when I trade FX
Bollinger Band, RSI, Moving Average, Economic News Releases, Fundamental Analysis (News)
What are my favorite currency pairs
GBP/JPY
Why do I trade my Favorite currency pairs?
Its a fast and dynamic pair, big gains, big losses and you get to know the results usually at light speed.
What Type of Trader am I?
Long Term Trader, Short Term Trader, Breakout Trader
What do I risk on a trade
5 per cent of account is my max. Ive been known to go a stray big time.
What are your Favorite Financial Sites?
Bloomberg.
Anything my search throws up

TRADER's Plan

Future currency pairs I want to look into
pound/ aussie
New Indicators I want to Learn
Elliot
Type of Trader I am prone to be
Long Term Trader, Short Term Trader, Breakout Trader
Future amount (in lots) I will Risk per Trader
10 lots
Future books / websites to further my FX education
something on EW
Notes
Started off spread betting but didnt like the spreads, neither do i have confidence in the brokers. Its regarded by the courts in uk as gambling so therefore very little comfort supplied when something goes wrong. Ive been in FOREX on a 2 previous occasions and was wiped out, both times i was greedy and under funded. Iwas Hedging a few shorts recently which gave me a few sleepless nights over the months. Though all good now.

About Me

  • About skydiver
    Who am I?
    Dad of 3 expensive kids. A risk taker and my friends would say a dreamer.
    Occupation
    I.T
    Where I live
    S.E England
    Hobbies
    Parachuting was my interest. Waiting for when children to get old enough to not need a dad and then will continue.
    Favorite Vacation Spots
    Whats that
  • TRADER's Journal
    Why Do I Trade Forex?
    To make money
    Trading Experience
    3-5 Years
    Best Trade of the Day and Why
    When BOE ANNOUNCED INTEREST RATE HIKE BACK IN 2007 AT 0.5% ABOVE EXPECTATIONS. Loads of pips.
    Best Trades of the Week
    The drop in Pound/Yen August 2009. I was short 152.20, 151.40, 148.10,147.36 closed at 140.50.
    Trade Pick of the Week
    ?
    Worst Trades and Why
    Ive been caught on more than one occasion by the dreaded dead cat bounce. Price soars or drops significantly - im not in the trade so feel as if im missing out on something great. I enter for the sake of entering only for price to reverse.
    What I look at when I trade FX
    Bollinger Band, RSI, Moving Average, Economic News Releases, Fundamental Analysis (News)
    What are my favorite currency pairs
    GBP/JPY
    Why do I trade my Favorite currency pairs?
    Its a fast and dynamic pair, big gains, big losses and you get to know the results usually at light speed.
    What Type of Trader am I?
    Long Term Trader, Short Term Trader, Breakout Trader
    What do I risk on a trade
    5 per cent of account is my max. Ive been known to go a stray big time.
    What are your Favorite Financial Sites?
    Bloomberg.
    Anything my search throws up
  • TRADER's Plan
    For future trades, please fill out this information
    Future currency pairs I want to look into
    pound/ aussie
    New Indicators I want to Learn
    Elliot
    Type of Trader I am prone to be
    Long Term Trader, Short Term Trader, Breakout Trader
    Future amount (in lots) I will Risk per Trader
    10 lots
    Future books / websites to further my FX education
    something on EW
    Notes
    Started off spread betting but didnt like the spreads, neither do i have confidence in the brokers. Its regarded by the courts in uk as gambling so therefore very little comfort supplied when something goes wrong. Ive been in FOREX on a 2 previous occasions and was wiped out, both times i was greedy and under funded. Iwas Hedging a few shorts recently which gave me a few sleepless nights over the months. Though all good now.

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General Information
  • Last Activity: 03-19-2010 02:09 PM
  • Join Date: 09-30-2009
  • Referrals: 0


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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