Thursday, April 06, 2006

Thank Heaven for Rules!!!

Well, I took the trade on the Eur/Aud and the trade is 150 pips positive. Hurray for RULES!!!!. We are watching for unemployment #s (USA) to bring the Euro down further and rising gold to continue that run. With some luck we will be able to extend all the trades to new heights. Currently the success rate is in the high 70% and the account equity is up 46% on the smaller account and we have about covered the pull back on the larger account. I am at the live event through today and I will have to update trades when I get a moment later. Watch for an update. Those on the mail list I will try to send out positions and new trades on the email as well.

Blake Young
Random Acts of Forex

Wednesday, April 05, 2006

Short the Eur/Aud?

That question mark is not a typo. I have been trading a system using pivot points and moving averages. Today I received a short signal on the Eur/Aud. This intrigues me because the pair has traded very flat. The Eur/Aud is only down about 10 pips from the lowest close over the past 5 days but the consolidation has made my signal trigger. Very interesting. I am a rule follower for the most part so I did take the trade and put 3% into the trade. Keep your fingers crossed on this one.

The current equity in the smaller account is up over 35% as of today. Keep it comin'!

Monday, April 03, 2006

Run Run Run Just as Fast as You Can

I am still running behind. I am at a live training this week and will be setting up some further trades. Currently the small account is at 640, up over 30% in under 10 days. Hurray, go gold.