Category: Uncategorized

Back To Forex Trading

Hi MyFxBlogKe family, I am back to forex trading. Sorry for the silence. I had a lot going on, personal issues that spilled over to my trading, and also my blogging. Was too busy swamped to even think of the hosting that eventually led to the loss of my files. But that is all in the past and we are back to forex trading. Today’s post will not be the usual length as not much trading has been happening apart from two trades that I took last week as my schedule was clearing. Resumption To Forex Trading. As mentioned above,…

Headed to Hyperinflation, Recession? 3rd World Inflation Nos

Inflation, hyperinflation, recession, and war. Before looking at the world around us, let us mention a few words on the forex trade progress. The forex trading week has been kind to me so far. Not to water down what I had learned over 5 years in demo trading, but forex lessons from real money accounts slap differently. Coupled with proper journaling, OH! Anyway, as we had learned before, forex trading or any financial speculative activity has to go hand in hand with news following (fundamental and sentimental analysis). I am very happy with my technical analysis (evidenced by my trade…

Buy The Dip Trades — Super Risky Trades

The past forex trading week was a bit busy compared to the previous week when I was coming from a break. I had 2 trades that really helped my account, recovering from 0.5% to 2%. Then I tried to buy the dip on a GBP pair and things were not very OK. Let us review the trades, the successful ones and the failed buy the dip trades. NZDCHF Long Trade This trade was from 2nd March 2022 to 8th March 2022. by the time I was reviewing this trade, the currency pair had moved significantly but the momentum was showing the pair…

Back To Forex Trading After 2 A Week Break

I decided to take a much-needed break from forex trading and I must say, I feel fresh. The trading started just after setting up servers for the expert advisors, the blog website and soon after, world ‘leaders’ decided it would be ‘great’ to add ‘War’ in the mix. And we thought Donald Trump could stir up the financial/speculative markets. The break also created time for another side project that had stalled a bit. It was finished and now running. At least now there is another project that will further assist in ‘sitting-on-my-hands’ moments when the need arises. With that said,…

Russia-Ukraine Geopolitics Friction

From my immediately previous post, it was clear the Russia-Ukraine conflict news reporting caused my first drawdown. At the time of writing the previous post, I was looking at an unrealized drawdown of 0.5% loss. The loss would cut my recently earned 1% to 0.5%. Seems small, but believe me, it HURTS. I am really pained. Corona drawdown, very understandable, But war-mongering drawdown… Come on, guys. The guys shouting the most barely survived Corona. During this time, as a good trader, there was a need to study the reason for my losses. Well, the studying was done.  Technically, the trades…

The Dreaded Drawdown

This week was the first encounter with drawdown (unrealized loss as I have not closed the trades); must admit, it is a painful feeling. At the start of the week, my account had secured 1% growth, and at the end of the week, I had an unrealized loss of 0.5%. Painful! Painful! Painful! The week’s trading was also affected by my traveling upcountry with very limited (most of the time none) internet coverage. I’m still in all the trades because of the policy to put a stop loss of 1% (ATR*2). I traveled on the 14th evening immediately after placing…

Forex Trading After ‘Increased Respect’ Of Fundamental Analysis and Geopolitics: Safe-Haven Currencies

Today morning, 14 February 2022 (Happy Valentines To You All BTW) marked day one of trading with new insight acquired after the first 2 weeks of Live Forex Account Trading. I must say it went well, I was more relaxed throughout the day, even though I had opened 3 trades in the morning, and news outlets were just talking about Ukraine-Russia tensions. Safe-Haven currencies were my Valentine’s date. St. Louise Fed Chair, Bullard spoke today on CNBC from 1630 GMT +3 but the markets seem to be bothered with him anymore. Only last week Thursday, 10th February 2022, did he…

The Power Of Fundamental Analysis In Forex Trading: Employment Data, Inflation and Interest Rate, and Ukraine-Russia Relations… And More.

As mentioned in my previous forex blog post, fundamental analysis and sentiment analysis is very important in forex trading. This is especially important with the current situation in the world. Must admit, during the system development following economic news was not a strong suit, but now it is a must. I have to come up with a serious plan in relation to sentimental and fundamental analysis. Technical analysis has been great so far as the reasons for trade entries have been accurate. With that said, there is also still room for improvement. Let us review what has happened since the…

3 Learning Points Learnt Trading Forex Week 31.01.2022 – 04.0.2022

I feel as if forex dishes out lessons every day. A day ends when I feel I have learned enough on forex, sleep well, but the next forex trading day, I come across new lessons. Indeed this is a huge market trillion of dollars per day. Hence it makes sense for forex to be challenging. 1. Concentration In Forex is Crucial Forex trading is hard. More than 5 trillion dollars a Day* market, cannot be an easy market to take profits from. One of the major lessons I learned from last week’s trading (which was my first week of real…

Bloody Skirmish, But ‘Forex War’ Still On Track

Could be fatigue! On the other hand, the brain just shut down, or something. Something must have happened. Went against almost all forex in-trade management rules. The trading day started badly but I was able to save the day in the end. What exactly happened? Greed The EURAUD forex sell trade was a counter trend from the beginning. Well, according to one of my systems as the candlesticks are above the Kumo. This is a big indicator to consider most of my trades to be Buy signals. The thing is yesterday the pair had enough confluence for a sell in…