The Forex Initiative
I am starting this blog as a forex trading journal to keep track of my trades, strategy, and insight into the forex market. I am relatively new to Forex, and thus hope that this blog will serve not...
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Asian Breakout Forex Strategy
The strategy I'm currently using to trade Forex is a breakout strategy based on the Asian trading session. Trading session times. Basically, the theory behind this strategy is that the forex market...
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Forex Breakout Strategy Results
I started trading the strategy I described in my previous post on April 30, so I've been at it for about two weeks. I've been trying to keep close track of what's working and what's not. First, the...
View ArticleTrading Results, 5/12 - 5/16
Well, I got pretty much crushed this week. Here's the results:Week 3 (Mon 5/12 - Fri 5/16): -285 pipsTotal to date: -165 pipsI may have spoken too soon on the cable, as GBP/USD was the heartbreaker...
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Why Trading Was Bad Last Week
My Forex trading results from last week were a bit of a disappointment to the Asian Breakout strategy I'm currently using. The GBP/USD was hurt the most, and after reviewing the past couple weeks of...
View ArticleDaily Trades Spreadsheet Added
Just a quick post to announce that I've added a link to my Daily Trades Spreadsheet in a new "Resources" section in the right column of this blog. I tend to update this spreadsheet almost everyday with...
View ArticleSupport and Resistance Article
In my post on the results from last week, I talked a lot about support and resistance in the Forex market. Here's an article on support and resistance from Forex Focus. It's great background for those...
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Trading Results, 5/19 - 5/23
Here are my forex trading results from this week:Week 4 (5/19 to 5/23): -127 pipsTotal to date: -292 pipsResults by pair for the week: GBP/USD down 127 pips, USD/JPY down 30 pips, EUR/JPY up 90 pips,...
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Trading Results, 5/26 - 5/30 and Breakout Strategy Revision
Here are my forex trading results from this week:Week 5 (5/26 to 5/30): -59 pipsResults by pair for the week: GBP/USD down 55 pips, USD/JPY down 32 pips, EUR/JPY up 56 pips, GBP/JPY down 28 pips.I...
View Article...Back Trading the Asian Breakout
My apologies to those of you who have been checking this blog to see how the updated strategy was doing. I was out of town and out of the country for much of the summer, and didn't have much time to...
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