It's Been A While!

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For those of you wondering, I didn't disappear off travelling again! Although it's always a tempting thought. I've been busy working on the scalping strategy I mentioned the last time I posted. Whilst it hasn't been brilliant, I am finding it incredibly promising. I think i'll be fine tuning until the end of the summer months and perhaps going live (risking 1%) on my new account at the start of September.

Which leads me to my next point, i've finally had enough of Finspreads Spread Betting, taken the plunge and moved to a "real" trading account. After a bit of research and recommendations from friends I decided to go with an ECN broker called IC Markets who are based in Australia. Tiny spreads are always an attraction - especially when scalping - but it was their Trade Terminal EA that won me over. Giving me the ability to fine tune my trades based on percentage risk / monetary risk and many other options. I liked how easy it is to place a trade without having to work out required lot sizes myself.

So that's pretty much all my news for now, hope you're all keeping well and most importantly, trading well.

Cheers,

Liam

Scalping Strategy

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The return of the wordle!

For all of you attentive readers out there, i'm still around, just about!

My ISP seems to be doing everything in their power to make sure I don't trade. Our broadband was down for just over five weeks since the last time I posted and only came back as of a week or so ago. I just haven't got around to posting since.

I'm backing trading again and working on a PnF scalping strategy that i'm very much excited about. I'll be running it alongside the longer term PnF stuff that i've been posting about more recently. It seems to have been a bit quiet lately. Not very usual for this time of year is it? Feels a bit like summer trading. As always, i'll still be incorporating VSA into the mix.

Come to think of it, that's pretty much all I have for an update. I might post some charts soon but to be honest at the moment i'm a bit more concentrated on nailing down this strategy than posting a whole lot of updates.

With regards to the new strategy i'm working on, i'm feeling great about it. Not "great" like the other strategies, but something much, much better. This feels...different. If that makes any sense?

It appears to be suited to my style as a trader and whilst it's really early days in the grand scheme of my trading career, i'm seeing opportunities really frequently. Whilst every trader understands the need to keep emotions in check, i'd go as far as to say i'm allowing myself to get a little excited about it.

Hang in there, it's gonna get interesting around here!

Ok, I'll Update the Blog, Jeez....

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So what have I been up to since my last post?

Well i'm happy to report that I've well and truly got stuck in to the charts, it took a while but i'm starting to enjoy my trading again. I've taken a number of trades since I last posted so i'll run through them with a few charts now.

I've taken more of a swing trading approach over the last month or so. The basic premise has been to concentrate on the projected Point and Figure targets and taking my favoured entries. All this with a view to holding them until the target is hit. The projected targets are scarily accurate* so what i've been doing is entering trades and holding them for what has been around a week at a time.

I'd be lying if I said it had been a walk in the park, but isn't that trading in a nutshell? Come to think of it, maybe I should have titled this post - "The Definition of Being a Trader".

*Not an official figure, i'm currently going back through the charts looking at success rates and will hopefully come out with an overall percentage success rate across all forex pairs as well as a rate per pair.

Since my last post i've taken seven trades, three on EU, three on UCHF and the one on GU.

These will be the first charts i've posted since the 20th June!

Depending on how long this post is, I might break it up into two entries.

Here we go...