Game plan for Wednesday

Watching and waiting. I think the market is kinda consolidating. Getting ready for whatever moves may happen tomorrow. We have a handful of announcements tomorrow and we have non farm on Friday.

I am looking for buys on the Jpy today. That is the only trade that I see may happen.

Ill let you know what I do.

What I did Monday

So the trades I called out yesterday all paid out at least 60+ pips.

I caught about 100 pips selling the jpy. I missed the other trades cause I accidently silenced my computer, so my alarms where going off but I didnt hear them.

So how did i end the day negative? The Eur failed and I accidently entered a standard lot instead of a half standard. When my stop was hit I flipped the trade and got half my loss back.

But a loss is a loss.

Trading Plan for Monday

Selling the EurUsd

Selling GbpUsd

Selling UsdJpy

Buying Usd Chf

Selling Aud Usd

Buying Usd Cad

Going for 20 pips on one entry and leaving an Investment lot on each because the pairs are starting to trend in the direction I plan on trading them.

So lets watch and see what happens. Even if I just for for 20 pips on each pair, I should make about 120 pips on the low end for the day.

Ill be using our 51 pip stop loss, so my risk is minimal.

Big Pipping

So I am going to start a trading plan that the mentors at Forex Movement has helped develop. It is a great plan that is simple to follow and does not require me to stare at charts all day to be profitable trading the forex. 

I currently have about $3800 in my trading account. I want to make the first grand trading first before starting the challenge. So i should have that in the next week or so.

Here is my account and last few trades as we stand today:

I am excited to start this and will be posting everyday all my trades, win or lose.