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

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

Afternoon Friends,

I hope you are all well and had a good morning trading.  I have decided to put my blog together in the afternoon today so that I can take into account the Oil breakout trade I do in the afternoons.

So I will start with this mornings trade, which I might add is a good place to start.  You may or may not be aware that for the morning breakout I normally set a limit of 12 points.

Cable Breakout 31/03

So then I was off taking the girls to school and missed a whole load of fun around 08:30 – 09:00 GMT.  Oh well 12 points are in the bag.

I was thinking around lunchtime, why would you ever let a winning trade turn into a loser, or not have a systematic way of taking profits, if you weren’t convinced the market was going your way indefinitely?  Why would you hesitate to take a trade or not put it on at all, unless you were conviced that it was a loser when the market was at your original entry point?  Why would you break your money management rules by trading too large a position relative to your equity or emotional tolerance to sustain a loss, if you weren’t positive that you had a sure thing?  and why would you, because you know that anything can happen when you are trading and you have your strategy.  Your strategy has as many indicators that you need to help tell you when to enter the trade and when to exit.

Well it was pick up the girls from school time and then to the Wednesday Oil breakout trade.  Very interesting trade this afternoon.  There were quite a few significant levels to get to grips with.  I had 2 OTO’s (Orders to Open) placed, one long and yes the other short.  I cancelled the long OTO, I was not convinced that the trade would go long, call it gut feeling or intuition.  I left the OTO short and when the market changed it did with vengence and I was very soon triggered in, thankfully I was never out of profit and was very soon 20 points to the good.

Oil Breakout

Although I was very pleased with my analysis of the market and the execution of the trade, a lot of my friends were all triggered long around 8347 and lost around 50+ points each.

Here is to another day.

To Your Trading Success.

The Investor Guru

Morning Friends,

I feel like I have been away for a month.  However as soon as I logged into my IG Index account, opened the charts and started to look I knew I it wouldn’t be long before I would be back in the Zone.

Well yesterday is documented and today started really good, now I have not even traded with my strategy and I am up 40 points.

So on to the trades, of which there are 2 to show

The first cable trade was earlier than anticipated and entered around 06:40 with a 15010.

After the early rise over 15000, I had been in discussion with my friend Adrian H and both agreed the next entry level would be around 15055.  We both placed OTO’s (Order to Open) with IG Index.  Around the 07:25 mark we were both triggered long.  In a trade for what seemed hours.  Oh it was, around 09:05 I was triggered out with my limit of 20 met.

So now out for a walk and to grab some fresh air before this afternoon’s trading.  Oil is dancing around the 8200 mark as if it wants to break below.  I will see where it is when I get back.

For now happy trading.

Good Morning,

In the UK over the weekend it was Mother’s Day.  This is where we celebrate our mothers, mine lives a long way from where I do and I rang to wish her a happy day.

Do any of you follow Rugby Union, well my team Sale Sharks are having a bit of a bad year and so are England.  I read in one report that Martin Johnson says that the team are improving, which England is he watching?  He needs to stop kidding himself that he can coach.  There, that’s my rant over with.

So on to this morning, and might I add that it is a very good morning, so good in fact that I am going for a round of golf and my beloved Golf Club.

So let me tell you the story of this morning.  Well as per usual I got up 05:00 GMT.  Did my usual boot up of the laptops and PC’s, more for Internet Marketing that my wife and I do.  So nothing seemed out of the ordinary.  I checked Forex Factory, there weren’t any fantastic announcements coming up.  I started to reading “Way of the Turtle”.  Checking the charts I noticed that Cable (GBP/USD) was ready for entry with my strategy.  So it was around 07:36 I opened my ticket short, limit of 15 set.  It wasn’t long after setting this that I noticed that AUD/USD was also ready so I opened up a ticket also with a 15 point limit, the next was Fiber (EUR/USD) and another ticket open.  I have never been this exposed this early in the morning, three trades on the go and it wasn’t even 09:00 and all before my gorgeous girls were at school.

Now this blog is going out before I have had time to put the charts up for you.  I got back from dropping the girls at school to see that my Cable trade had netted 15.  Now Oil was looking like a trade 08:50 ish.  So it is now 09:30 and I am off, suffice it to say that I have picked up 15 points on every trade this morning so am 60 points up.  How about that for a Monday, talk about Trading in the Zone.

To Your Trading Success

The Investor Guru

Good Morning,

Well after my good day yesterday I decided to look at the charts early this morning.  As if you didn’t already know!

I set my levels just in case of a breakout of the 22:00-06:00 range.  There wasn’t however I did manage to scalp 8.7 points on cable while it was ranging.

Nothing now till this afternoon when I will update you with some more trades.

Good evening all,

Well I cannot say too much about today’s trading apart from WoooHooo 106 points, and to think that I don’t really trade in the mornings on a Wednesday. I attend a course so normally do not trade till around 15:00 GMT Wednesday’s.

This morning I got up at my normal time 05:00 GMT dark and cold at that hour. I do like to look at the markets and the sit, relax and then give myself time for some self-hypnosis; it sets me up for a very good day. Today was a little different though, when I looked at the GBP/USD (Cable) charts the S1 pivot was sat in a very nice place around 14950. I looked and thought if it breaks that pivot it could go all the way to the S2 pivot at 14890. Well I first got in for 10 points at 14962 to 14952, right onto the pivot. I had some breakfast then came back and was really quite shocked at how far GBP/USD (Cable) had dropped beyond 50. The price was stopped around 14930 so I decided trade it one last time before getting myself and the girls (my daughters) ready for school. No sooner had I entered the trade around 07:15 I was out with another 10. I was a little cross with myself because of the limit I had put on because I was sure that it would drop below 20 and down to the S2 which I had earlier thought. So I opened up another ticket at 14926 this time I put a limit of 30 on which would allow for the pair to get down to S2 at 14890, and then I went for a shower. I came back 10 minutes later and I was nearly at my 30 point limit, I didn’t have to wait long though and that was that, 50 points and its only just gone 08:00. I was literally trading in the zone. The day was only going to get better.

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When I arrived back to watch the different charts GBP/USD (Cable), EUR/USD (Fiber), Daily US Light Crude (Oil) and one that I had not traded before, although one that a very good friend Adrian H said was a good mover AUD/USD (Australian Dollar).

The Oil trade on a Wednesday is the breakout after the 15:30 announcement. So basically you wait for the candle to finish and then wait for the following candles to breakout of either of the ends, today it was a long trade and I didn’t have to wait very long either.

So my friends Nev C and Adrian H and my trading were really hitting the highs and we were all in the zone. The next trades came off Cable (17.4) 2 trades, Fiber (10) and AUD/USD (10).

It sounds so easy, I can say that one of the cable trades and the Fiber trade were difficult at times. Having watched the signals from my trading system say to get in only for the pairs to immediately reverse. When things like that happen you have to be mentally tough. Specifically the Fiber trade, it reversed to the point where my stop was, I have the ultimate confidence in my strategy and although it can go against you and me, I raised my stop way past I would normally. The trade was somewhere close to 30 points against when it again reversed, just before I did consider closing the trade out. I was pacing my office and then I caught sight of my 8 pointed star on the wall, the word DISCIPLINE appeared to stand out. I sat down and watched and waited. I won’t say soon enough it was all good and I was 10 points to the good. I will say that the mental toughness and discipline kept me going and was very happy when I was at break even. However it wasn’t long after it first got back down to this level that it blasted straight through and I eventually took 10. The other trades were slightly more encouraging and didn’t strain the nerves.

The best being AUD/USD which from the moment of entering the trade I was straight into profit, I have to say that the generous spread of 2 points that IG Index give makes this pair very good to trade and some other pairs like GBP/JPY (8 point) less interesting.

I am going to go and have some dinner now.

To Your Trading Success

The Investor Guru

Afternoon Friends,

Well I would have traded this morning, however the weather was so good I decided to go for a game of golf instead at a great golf club (Broadstone).  What a great life I have.  12 months ago I couldn’t really imagine waking up in the morning and deciding that because the weather is good that I am just off for a game of golf.  I had always wated this from life, I suppose I never really expected it.  That time is now here.

Well now that I am back and looking at the charts, I do not expect much in the next 45 minutes.  Back soon.

Sorry for the delay, it is now Tuesday.
The trading yesterday afternoon was just really manic. Nothing really with my strategy till around 16:00 GMT then I picked up 52 points in literally 30 minutes, it was just awesome.

To Your Trading Success

The Investor Guru

Morning all,

Should be an interesting day today, then again it always is on Non-Farm Employment Change and the Employment Rate, these announcements will an effect on the GBP/USD pair more commonly known as Cable. This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts; Why do traders
care. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; Also Called Non-Farm Payrolls, NFP, Employment Change. There is also a GBP announcement at 09:30 this morning the PPI. This data has added importance because it’s released ahead of CPI; Why do traders care. It’s a leading indicator of consumer inflation – when manufacturers pay more for goods the higher costs are usually passed on to the consumer; Producer Price Index (PPI), Consumer Price Index (CPI). So normally if the weather is good Friday afternoons would be a good excuse to get on the golf course, not on Non-Farm days though. When you think that GBP/USD can move 100 points in seconds and you go in at £5 per point. You can see why the golf can wait for a day or two.

So with the significance of those announcements trading can be a little erratic.

I only managed 2 trades early this morning using the strategy I have just written, one Oil and the other on Cable (GBP/USD). Because of Non-Farm and the unpredictability of the markets I only set a limit of 10.

I will start with the Oil trade.  The indicators and signals that I use told me I should short Oil and when they all lined up my entry point for the trade was 8066.5.  This was an early trade so set my limit to 10 and waited, 20 minutes or so later the limit had been reached.

Now for the Cable (GBP/USD) Breakout trade.  This trade is taking a high from a specific time of day say 22:00 GMT the previous evening and say 07:00 GMT the next day.  Then trading the breakout of that range.  Normally I would try to take more than 10 however, I can be a little over cautious when it comes to 100 and 50 levels.  There seems to be a  pshycological barrier.  So my Entry Order was set for 15017 and my limit was 10.  A little under 10 minutes later and I am up 10 points, and was correct in thinking with the pair reversing back up.

So that was my trading for the morning.   It can get a little choppy and range up till the main announcement at 13:30.  Speak to you all later and have a good day trading.

To Your Trading Success

The Investor Guru

Morning,

All a bit slow this morning.  Non-farm week syndrome me thinks. 

Well maybe not…you didn’t notice the time gap there, I had a couple of trades which really amounted to me being up 40 pips.

They were both short entries.

A friend of mine called me yesterday afternoon and we had a really nice conversation, thanks Nic. It is always good to hear from friends.

I will catch you all tomorrow.

To Your Trading Success

The Investor Guru