Good morning traders,

I have been trading a new strategy and the returns are … WOW magnificent. Yesterday I could not trade due to no phone line, however the trade made well in excess of 50+ pips in 30 minutes.

Trading chances for today.

GBP/USD
Long @ 14840
Stop @ 14820 (20 pips)
Take Profit @ 14890-14915 (50+ pips)

Short @ 14795
Stop @ 14820 (25 pips)
Take Profit @ 14745-14720 (50+ pips)

EUR/USD
Long @ 12295
Stop @ 12265 (30 pips)
Take Profit @ 12340-70 (45+ pips)

Short @ 12235
Stop @ 12260 (25 pips)
Take Profit @ 12195-12165 (40+ pips)

Oil
Long @ 7780
Stop @ 7740 (40 pips)
Take Profit @ 7820-7840 (40+ pips)

Short @ 7695
Stop @ 7750 (55 pips)
Take Profit @ 7650-7640 (45+ pips)

It is Oil Inventories day so be cautious.  There is some football on at the same time as the announcement.  There may be not as much movement in the market.

So you want to know more.  I know, why wouldn’t you. Let’s face it who couldn’t do with at least 50 pips a day which this strategy has done everyday last week. Watch this space for an exclusive offer.

To Your Trading SUCCESS

The Investor Guru

Good morning traders,

I have been trading a new strategy and the returns are … WOW magnificent. Monday was 70+ pips in 25+ minutes.

Interested…See below trading chances or check out Stochastic Strategy Page.

Trading chances for today.

GBP/USD
Long @ 14815
Stop @ 14780 (45 pips)
Take Profit @ 14880-14900 (65+ pips)

Short @ 14730
Stop @ 14775 (45 pips)
Take Profit @ 14670-14650 (60+ pips)

EUR/USD
Long @ 12370
Stop @ 12330 (40 pips)
Take Profit @ 12415-12430 (45+ pips)

Short @ 12255
Stop @ 12310 (45 pips)
Take Profit @ 12190-12160 (45+ pips)

Oil
Long @ 7885
Stop @ 7845 (40 pips)
Take Profit @ 7930-7945 (45+ pips)

Short @ 7765
Stop @ 7815 (50 pips)
Take Profit @ 7710-7690 (55+ pips)

So you want to know more.  I know, why wouldn’t you. Let’s face it who couldn’t do with at least 50 pips a day which this strategy has done everyday last week. Watch this space for an exclusive offer.

To Your Trading SUCCESS

The Investor Guru

EUR/USD…Greece we are coming!!!

Hello Friends and Traders,

There was a long lasting sideways range in the EUR/USD chart.  However, I had some fine trades in GBP/USD & Oil.

Profit of the day: 52 pips.

In the morning I did not expect this result, it was a bank holiday in the UK and there have often been false break-outs, mini trades with only a few pips.

Looking Back
After a range between 1.3205 and 1.3250 the course of EUR/USD and GBP/USD lost a lot after Germany’s Chancellor Angela Merkel promise for the Greek aid package.

It seemed as if the whole world was waiting, will it go further on with Greece.

Further the economic news of Switzerland, the European Currency Union and USA has been positive.  

However, let’s stop talking here.  It is more important, how the markets will go on today.

High Impact Announcements for Today
09:30 GBP Manufacturing PMI
15:00 USD Pending Home Sales m/m

Medium Impact Announcements for Today.
07:00 EUR German Retail Sales m/m
09:30 GBP Net Lending to Individuals m/m
15:00 USD Factory Orders m/m

However, let’s wait and see.  I would expect more movement in GBP/USD than yesterday; also in EURUSD it could be more volatile when Wall Street opens.

When the markets are trending sideways like they are at the moment, they can be more difficult to trade.

Forex Trading Chances for Today
EUR/USD
EUR/USD lost a lot this morning due to the finished Greek package of the EU.
Today morning 04:30 GMT the cross pair is in a range between 1.3186-1.3214.
I would see trading chances for long above 1.3230 with take-profit at 1.3295-1.3320 and stop-loss at 1.3190.
For short there could be some chances below 1.3170 with take-profit 1.3120-1.3070 and stop-loss 1.3195.

GBP/USD
For GBP/USD it’s the same picture. The cross pair is now in a range between 1.5230-1.5264.
I would see trading chances for long above 1.5285 with take-profit at 1.5340-1.5360 and stop-loss at 1.5245.
For short there could be some chances below 1.5210 with take-profit 1.5140-1.5100 and stop-loss 1.5260.

Always take care of your stop management.

Trading Tip of the Day

Always check  your trading and look at different time scales.
What can you see?
Look at the 4-hour-chart, 1-hour-chart, etc.  Until you reach your favourite time scale for trading your given strategy. You will see a different view point and this could aid your trading.

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

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

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

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

Good morning,

Well another week starts, not only that another month. Where has the year gone so far?

The first week of the month always fills me with joy, I look forward to the non-farm trading on Friday and the build up throughout the week with the announcements. Obviously caution has to be used when entering trades around the major announcements not only this week. It does make for interesting trading though.

I had a very busy weekend. My wife and I went Sky-Diving on Saturday. Not just Sky-Diving but indoor Sky-Diving at Europe’s largest indoor Sky-Diving Center. I have to say that I have jumped out of perfectly serviceable airplanes (static line jumps) and this is close. We were also very lucky as the world champion sky-diver was also practicing, so we got to see how it should be done, although our instructor was very good and had trained Daniel Craig for one of the James Bond movies.

As well as that I am very close to completing the documentation on my strategy.  WoooHooo about time I hear you all say.

Well I am off for a power walk now, so catch you later.

To your trading success.

The Investor Guru

When I first started trading I was unaware of the massive change in me that I would have make to accomplish becoming successful and how do you measure success.

Success in trading can be measured in many different ways as with any profession. I play the guitar, am I a successful guitarist, well I don’t make the music of say a Carlos Santana (although I would love to) I do play guitar at a reasonable level. I guess then some people might say that I am not successful, however I would challenge them. I believe I am successful:
One – I can play the guitar.
Two – Through playing the guitar I can read music.
My point is that before you can make the big bucks you need quality and consistancy. Once you have mastered those the money will come.
You also need the Motivation to keep on doing the early mornings, this is also likend to Dedication. You need the Mental Toughness to keep going when things may not look too good. I always make sure my preparation is spot on before I trade, I have confidence in abundance, I know that my strategy works. I execute my trades with complete control and discipline almost mechanical. I set my stops and limits and let the trade run.
I will repeat again “Quality and Consistancy before Money”, “The money will come!”

I only trade Forex and Oil, and to make things even simplar I only trade 2 pairs GBP/USD and EUR/USD

To your trading success.

The Investor Guru

The Trading Athlete – Shane Murphy & Doug Hirschhorn

This book is a must read if you are wanting to become a successful online trader.  It has many simple easy to follow exercises that help you to discover fundamentals of online trading.  Remembering the simple lessons that this book points out is fundamental to your success. One of my favourites is creating you mission statement.  Since I read the book in February 2009 I have changed my Mission Statement at least 3 times, it grows with you.

Excerpt - A successful online trading athlete knows that there is a difference between a bad trade and a losing trade.  Just because a trade is not profitable does not mean it is a bad trade.  Bad trades are trades that are made without careful consideration and substantial reason.  But if you execute a trade for all the right reasons, as part of your strategy, and it still fails, it is not a bad trade, it is just a losing trade.  No one can avoid losing trades.