Closing S&P500 Short Position

I closed my short S&P500 position at 1631.38 for a 200 pip profit. 

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Closed GBP/USD

Closed the position at a 4 pip loss.


Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

S&P 500 Short Postion Opened

I shorted the S&P 500 moments ago at 1633, placed a stop loss order to trigger at 1636.52, and targeting 1625.65.  I don't expect price to come down to this level today, so I will be monitoring price action to decide whether I want to hold it over the long weekend.  Cheers.

For more information on this trade, see the analysis available by subscription at Oil&GoldGuy.
 

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Opening an Intra-Day GBP/USD Position

I bought GBP/USD at $1.55084.  My stop loss is set at $1.54778, and target price for taking profit is set at $1.55430.

Likely another quick one this am.

For more information on this trade see Trading Central available by subscription or available on the Forex.com trading platform.


Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

EUR/USD Position Closed in Profit

My EUR/USD position was closed at $1.3319 for a 6 pip profit. 

For more information on this intra-day trade, please see Trading Central, or access it for free on the forex.com trading platform.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

EUR/USD Intra-Day Position Opened

I bought EUR/USD at $1.33185, stop loss is placed at $1.33044 and limit order is placed at $1.33446. 

For more information on this trade, please see the Trading Central Daily Analysis available by subscription or for free on the Forex.com trading platform.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

S&P 500 Intra-Day Trade Update

Sold S&P 500 at 1626.38, and 1629.38 for a 30 pip loss.

Intra-day trades happen very quickly and may not be posted until after the trade has closed because they are monitored closely.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Natural Gas Update

Open and closed a Natural Gas short position this am.  Sold for $3.513, bought back for 3.529 for a 10 pip loss.  

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Closed GBP/USD for Profit

I closed my position for a quick 6.5 pip profit. 

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

GBP/USD Intra-Day Trade Opened

I just went short on the GBP/USD @ $1.554.

My stop loss is set at $1.557, and I am targeting $1.551.

I will be monitoring closely for a potentially quick trade.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Closing GPB/USD Short Position

I have closed the GBP/USD position with a 2.5 pip profit because it is failing to make lower lows.

Good Day Traders.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

EUR/USD Intra-Day Position Stopped Out Yesterday

My EUR/USD position stopped out yesterday for a loss of 30 pips.

I will continue to post which trades are intra-day, which stray from my usual short term trades so those who have preference about whether they hold trades for a few hours or a few days can focus on the ones they are interested in.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

GBP/USD Intra-day Trade Opened

I just shorted GPB/USD @ $1.559, set my stop to $1.562 and my take profit price to $1.556.

If you would like more information on this trade, they can be viewed for free by those who have a trading account with www.forex.com  and use the ForexTraderPro trading platform.  It is located under the "Research and Ideas" tab, ForexFocus icon, and is detailed on the "Daily" report.


Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

EUR/USD Intraday Trade Opened

I have gone long with a EUR/USD position.  I bought it at $1.3394, set my Stop Loss to $1.3364, and my take profit was set to $1.3424. 

At the moment the position is down approximately 8 pips.

If you would like more on the strategy behind this position I refer you to Trading Central, a free service for those trading with www.forex.com.


Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

GBP/USD Position Opened and Closed

Yesterday I opened a long GBP/USD position at @ $1.56723.  I sold it shortly there after because I had a Natural Gas position open and between the 2 positions I was risking more than 3% of my account.  I did not want to trade these positions aggressively, and so decided to close the GBP/USD position to keep within my trading parameters, and suffered a loss of less than 1 pip. 

If both trades had failed (they didn't, Natural Gas realized a 12 pip profit) I would have lost more than my 1 to 3 percent risk tolerance recommended when trading conservatively.  If I have more than one trade open at the same time I make sure that combined, I am not risking more than 1 to 3%. 

One of the most important things about trading Forex is to keep the amount you risk low.  If you are risking more than 10% of your account, then you will almost certainly lose your investment.  If you are unable to keep the amount you risk between 3 and 5 percent on a regular basis, then I respectfully suggest that you put your money down at the roulette table rather than with Forex.  You may be more interested in the hobby of gambling rather than in the investment opportunities Forex can offer.  Just a thought.  You will make losing trades.  It's a fact.  Don't lose your shirt over it, though, ok?  When I place a trade that doesn't pan out I don't stress about it because I use sound trading strategies and only risk between 1 and 3% of my account balance, or between 3% and 5% for aggressive trades.  Whether you trade conservatively or aggressively is up to you and may be based on a number of factors.  Just be sure you understand the higher risks involved in trading aggressively.    


Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Update on Natural Gas Positions Held Earlier this Month

To keep my blog up-to-date, here is a re-cap of a position I recently held:

On August 20th, I went long on Natural Gas @ $3.452, and I sold it later that day @ $3.473, for a profit of approximately 12 pips (the more accurate gain will be included in my monthly report)

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Update on NATGAS Positions this Month

To keep my blog up-to-date, please note the following Natural Gas position I held earlier this month:

On August 8th I bought NATG @ 3.302 and sold it for 3.262 for a loss of about 25 pips.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Update on Gold Positions Held Earlier this Month

To keep my blog posts up-to-date, here is the information about the gold position I was holding earlier in the month. 

To re-cap, I shorted gold August 6 @ 1283.76, and it was stopped out at 1294.06 the following week.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Update on the S&P

To keep my blog entries up to date, I have a few trades that have since closed that I would like to share:

On August 7, I purchased S&P @ 1683.63, moved stops to break even, and stopped out later day at my purchase price for 0 pips.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Holding Natural Gas

I continue to hang onto my Natural Gas position, currently at about break-even after a bit of an overnight slide.   

I expect resistance at $3.50, so if it really pops today I will be looking at taking profit over holding it over the weekend. 

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Long on Natural Gas

I went long on Natural Gas @ $3.302.  My Stop Loss is placed at $3.262, and Limit Order is at $3.572. 

I am watching this closely because Nat.Gas may not have bottomed, but if it has we could look for it to hit $4.

Best of luck traders.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

S&P Long Position Stopped Out

It stopped out within a few pips of it taking off.  If your SL order was slightly different than mine you may be hanging on to a winning trade. 

The good news is that the trade was sound.  SL was good too, but price squeezed me out by a hair.  Those SL orders have to be placed somewhere, and the potential of being squeezed out is always going to be a possibility.  It doesn't happen very often, and really, it corroborates the trading strategy.

There is another trade around the corner.

Long S&P500 Position Opened

Went long on the S&P500 @ $1682.88.  A stop loss was placed at $1680.63, and a take profit level is set for $1686.58.

For more information on this trade, please refer to the paid service The Gold and Oil Guy published by Technical Traders Ltd.

Disclaimer: 
Information posted on this weblog (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The contributor of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates including articles, videos, or seminars, be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Status of My Gold Position

I continue to hold my short gold position.   It was in profit for much of the overnight, and is now near break even.  Target of $1210 remains.

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Shorting Gold at $1283

Today I shorted gold at $1,283.74.

My Stop Loss is 1294 and my Take Profit is 1210.5. 

For information regarding this trade, please refer to a paid service called TheGold&OilGuy published by a company called Technical Traders Ltd. 

Disclaimer: 
Information posted on this weblog (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The contributor of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates including articles, videos, or seminars, be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.