Hello Friends,

This was my Friday morning, everything was over and done with pretty quickly.  I had a busy day away from trading so felt I need to get my points early.  However as you are all aware this is really not the correct way to trade.   Anyway the signals were there so I was able to get 20 points.  I used a Stochastic Strategy that is also part of my strategy arsenal.

When I say nice and early it was just before 07:00 GMT.  Not my prefered time of trading for the stochastic strategy, under normal circumstances I would trade only range breakouts before 07:00 GMT (08:00 am in the Europe).  Because of my need to leave I did not hang around during or after the trade.

Stochastic Strategy - 20 points

After this trade I quickly closed my charts so that I would not be tempted into any other trades, I did notice when I was able to go back and analyse the day that I realistcally could have had more points.

To Your Trading Success

The Investor Guru

Good Afternoon Friends,

Well I have not really been trading today, I have been busy helping out at my daughters school.

There was a early GBP/USD trade for 6.7 pips and really nothing else till the afternoon.

So when I started to look at around Wall St opening time I didn’t really see anything to trade my Stochastic Strategy to trade on.  There is an Oil announcement on a Wednesday so that tends to throw that into turmoil.  So to my surprise I noticed about 2.5 hours later the signals were there.  With it being a little later in the day than I am used to I decided to only go for 10 points.

Oil Trade

Other than the Oil which was a good trade, I didn’t use my Stochastic Strategy on any Forex Pairs.

To Your Trading Success

The Investor Guru

Morning Friends,

As the airports open and the skies are full of travellers, I see the markets as this in the morning.

EUR/USD (Fiber)
I would see trading chances:
For Long above 13450, take profit at 13485-13500.  Stop Loss at 13430
For Short below 13395, take profit at 13350-13335.  Stop Loss at 13420

GBP/USD (Cable)
I would see trading chances:
For Long above 15400, take profit at 15460.  Stop Loss at 15360
For Short below 15305, take profit at 15250.  Stop Loss at 15345

Cable has been ranging between 15330 and 15378.  With the news coming in the morning there could be some good chances to earn good pips.

I have already taken over 22 pips this morning and will be placing my trades here soon.

To Your Trading Success.

The Investor Guru

Good Morning Friends,

Well yesterday afternoon was a little bit of a damp squib as far as the stochastic strategy goes. I did take just over 10 on Oil, however that disappointed me somewhat as I was just over 20 points up going for 25. This is a very good example of when GREED takes over. Under normal circusmstances I would have been happy with the 20 and most probably would have had a limit set.

So now for today…Well the Dust in the European air is still causing issues. My sister-in-law is currently stuck in Dubai. I could think of worse places to be stuck, and for my Icelandic friends “ÉG von allt er ALLT Í LAGI í þinn fagur land”.

This morning it has been a little bit more lively than first anticipated, oh well 5.7 points is better than 0, and the day is still young.

GBP/USD Early Trade

Lets see where the rest of the day brings.

Well I ended the morning on 21.2 pip’s up so not a bad mornings work…then came the afternoon and I am not sure what happend, I very nearly did some revenge trading and I am so glad I held firm and didn’t.  Anyway the sum total is that I ended the day 1.2 pip’s up…Yes that’s right 1.2.

To Your Trading Success

The Investor Guru

Morning all,

Well there have been some big moves overnight again. Over the last month these have been attributed to the Dilema that Greece are currently facing. However I believe the latest slump is down to the Icelandic Volcanic dust that has currently grounded the majority of the European Airlines. I am adjusting this morning and will be short selling the Air France / KLM and British Airways. I will post my results here.

All that said I did see early signals on my Stochastic Strategy and took an early 10 points. I set a limit of 10.

Early Cable Stochastic Trade for 10 Points

So I am now waiting for the FTSE opening to see if this takes the markets even lower.

Back Soon

To Your Trading Success

The Investor Guru

Good Morning Friends,

It feels like I have been away for a long time…some might say I should have been.

I even got up later than I would normally have done.  I did one early trade, before my 08:00 GMT.  Because it was this early I was only looking for a 10 point limit.

Cable Early trade

I am now taking my children out for the morning so will not be trading for a few more hours. I will be waiting for 14:30 GMT which is when Wall Street opens.

Have a good mornings trading and I will catch up with you all a little later

To Your Trading Success

The Investor Guru

Morning Friends,

I hope you have all had a good few days rest over the holidays. The mother of a friend of mine died over the weekend, my thoughts are with you Farai.

Well an early morning couple of trades for me today. I traded my stochastic strategy on Oil, entry 8645 and took 8 points at 8653. Very early for big moves and I wanted to make the week a really good one. I am going away with my family for a few days and we are all looking forward to it…No Laptops allowed!

Well just time to tell you of my trade on Cable…Had been talking with a friend in the states and we were discussing shorting Cable at the S1 level of 15241. It had been using this as resistance all morning so when it shot up earlier we both jumped on.  See below how the trade went.

Cable Trade from Resistance at S1

Well I am off now to enjoy a week away with my family…No electronic items allowed.

The Investor Guru

Good Morning,

And for all the people that understand “Pinch-Punch 1st of the Month!

If some of you out there think that I just roll out of bed and put on a couple of trades then hobble back into bed then I am going to give you a little insight into how my days is.

05:00 get out of bed, put the kettle on to make a mug of tea (Most important at this time of day) I drink Tazo Green Tea.  Boot up Laptop’s and PC’s.  While the systems are booting up, I read my Beliefs and then my Trading Plan, almost as important as the 1st mug of tea.  Then log in to ForexFactory to check the data and put the information into a skype chat that I am a member of.  Log in to IG Index and FXCM.  Load the charts up that for the Pairs that I watch GBP/USD (Cable), EUR/USD (Fiber) and Daily US Light Crude (Oil).  Decide on the levels of where I suspect the morning breakout to come from and draw lines.  Today my entry short on Cable will be 15170 and my long entry is 15245 just above the R1 Pivot (R1 = Resistance 1) checking pivots and indicators for my strategy (although I generally do not trade it before 08:00 GMT).  Now open up MetaTrader, again checking possible entry points for a pivot strategy that I trade.

05:30 once the 1st mug of tea has been drunk, make a second mug.  Now that the information from ForexFactory has been disected and categorised, the only ones we are truly interested in are High Impact Announcments and Medium Impact Announcements.  I place this in the skype chat for other members to view at a quick glance.

Now that these tasks have been done I then start to read.  The book I am currently reading is “Way of the Turtle” by Curtis M Faith.  This can be picked up at Amazon UK or Amazon USA.  I read at least one chapter, always keeping one eye on the charts.  As some of you may be aware I am writing my own book, I then write a few pages.

I bet you are thinking bloody hell there is a lot to do here, well before you know it the day is over.  I am not even at 07:00 GMT yet.

Just to keep you informed, I think the holiday’s have kicked in for some people, it is 10:30 GMT and I have not placed one trade yet.  Well it is now 17:50 GMT and I have not traded all day.  I gave up hours ago so I hope you all made money this afternoon UK & Europe and this morning for all my friends stateside.

Have a very happy holiday tomorrow.  I will not be around again until the end of next week, we are going away for a week to unwind with the family.

To Your Trading Success

The Investor Guru