First one

Hello There,

This is my first post. This Blog Serves as a log of all my fx trades, for which I try to apply common techniques. The goal is to simply build and better my understanding of forex and securities markets in general with specific attention to commodity pricing, and fundamental analysis.

8/5/2015             

·         Traded Non-Manufacturing Composite index. Went up very quickly after the announcement, I was a little behind the mark. I got into the trade 2 late. The initial surge took about 10 min. Then it was fairly stagnant for the next 20. Held my positions even though the trade went down from where I initially entered.

·         What would I do next time? gen in earlier and get out sooner. Really shouldn’t have been in the trade for more than 10 min. Ride the initial wave and the second then dip.

·         Towards the end of the day the price did come back up. Should have held in my trades longer to break even instead of taking loses.

·         Early afternoon the upward trend had continued. Should have left my earlier trades in place as I would have been up 100 PIPs at this point easy.