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

Morning All,

However it isnt actually morning, as I am now writing this in the afternoon.  I can’t really say much about my trading of earlier as I only had one trade EUR/JPY for just over 11 points.  This was done using my Stochastic & MACD 60/40 strategy.

Yesterday was a very strange day trading.  Up 45 points in the afternoon to down points in the afternoon back to up again.  I will add at this point I did make to unusually silly trades that all but wiped my profits out for the day.  One was Oil and funny enough the other was EUR/JPY a pair I do not normally trade.

So back after my course this morning.  Missed a few trades on Cable (GBP/USD) and Fiber (EUR/USD).  Its Oil announcement day today so will be watching at 15:30 as normal.  Well the announcement was a positive one, more barrels being stock piled so the price goes up.  Yippee and I have taken 15…yeah, yeah, yeah when you look at the chart I should have had a whole lot more like my mate Andres. He certainly displayed more mental toughness than myself.  While I am on the subject of mates I have not been in contact with my mate Kofi for a while.

From next week I will be placing some of my daily trades in here so that you can follow how my strategy is going.

I have to go to my daughters school to discuss a dad’s day event so am closing down for the day.

To Your Trading Success

The Investor Guru

Good Morning,

Gosh what a trading day yesterday.  I was full of expectation for the new month and it did not disappoint.  Over 60 points on a Monday, wow so far this year that is my best Monday.  Let me just say that Monday’s are normally quiet for me, no trading and just getting myself set for the week, Tuesday pickup some trading usually end the day with 15-20 points, Wednesday better ending with between 20-40 then Thursday and Friday’s take between 60-100 points.  I have to add at this point that is normally how I work and not how the markets have been presenting themselves.
So you can imagine my jubilation when I traded Forex yesterday and took over 60 points in 2 trades.  I am particularly happy with one of the trades as my mindset was spot on, I even felt that I was trading in the zone.  I set my limit to 20 as usual, however as the trade started I decided to change it when I quickly found myself 15 points up, so changed it to 40.  Again there was a re-evaluation on this and through the mental toughness and confidence in the trade I eventually had a limit of 100.  Now it did not get that far, however I was determined to give it a chance.  I raised my stop so that I wouldn’t end with a losing trade and sat there watching.  Now I don’t know if you are like me, when I have a trade running I do not like to see if I am in profit and by how much.  However if I have to have the ticket open so that I can manually close it down then I have to minimise everything so that I cannot see it.  I know and yes it can look a little messy.  So as this trade transpired, my discipline was being tested.  I actually got out with just over 50 points.  My mental toughness had won through, it never went any lower than the price that I got out so double delight.  My mindset was the key factor in that trade.  Had I not had the confidence, discipline, control, mental toughness, dedication, motivation and positive trading attitude, I would have probably had my first limit met and I have to say been happy with the 20 points.  The Trading Mindset is more important…sorry FAR MORE IMPORTANT than having the strategies.  You can have the best strategies in the world that will make you millions, they are worthless if you cannot implement the 8 point star.

Positive Trading Attitude
Control
Motivation
Dedication
Mental Toughness
Preparation
Confidence
Discipline

Now there is no real way of implementing the above in any specific order.  I will say that you do need to implement them.

So here is to today, and I know I am going to have a really good trading day today and I hope you do too.

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