Sunday, November 15, 2009
Moving On…
Hi guys.
So it seems that my work and study life is catching up on me again. I will still be trading Forex but will not be updating this site too frequently, if not at all.
There are several Forex trading styles but all have their disadvantages. For long-term trading, stability is there, but then it is often quite hard to find the right time to take profit, fearing that the market will go faster our way, and if we were to hold on to the trade, we would have obtained even more. Short-term trading like swings or scalping will let us take out the cash that we profit but then these types of trades are more vulnerable to random market noise compared to long-term position trading.
With that said, I still think that I have not found my optimum trading style and I need to finish up work and college. So I will not be updating this Forex Journal much. But for now, you guys can enjoy the ajax forex charts:
Friday, June 12, 2009
Realtime Forex Charts on Josh Tam Forex
Realtime Forex charts are very important for a lot of traders as they provide market data tick by tick. Realtime charts that update instantly are very valuable especially to traders who are scalpers and they need only a slight movement to profit.
To me, realtime charts are important but not as important as Forex scalpers. But nonetheless, I found an embedable realtime chart and I put it right here on Josh Tam Forex! The chart can be found on the realtime forex charts page. They are even customizable, so you can view data from different timeframes, ranging from 1 minute to 1 month, and that is awesome. And the realtime chart is done using AJAX, not Java or Flash, so any modern web browser should be able to load them fine.
Today, I ended my USDCAD trade with a loss of 100pips because the candlesticks show that USDCAD trend is likely to end, so I decided that it would be better to pay 100 pips than to pay 1000 pips when USDCAD goes up. Canadian Dollars are a bit shaky recently. However, I locked into GBPUSD 600+pips and AUDUSD 130+pips. If they hit the stop loss, then I still win, but I’m hoping that they will ride on.
Monday, May 25, 2009
Welcome to FlatPress!
I am actually using Flatpress to publish Forex Journal, so this is the standard first post that came with the blog script. I have decided not to delete it…
This is a sample entry, posted to show you some of the features of FlatPress.
The more tag allows you to create a “jump” between an excerpt and the complete article.