EUR/USD trading 5/16/2019

Today was a live trading that I observed as part of the course perks from Apiary Fund this has been a great course and experience to acclimate me to currency trading.

In the trading session I only took one trade I’m working with indicators more and waiting for the right trade and position. In my first trade I watched for an ideal entry and found a nice short position that gave me a quick 3.6 PIP gain in about a minute. I exited this trade a bit quick as the move continued to a possible almost 8 PIPs before it reversed.

After the live trading webinar I took four more trades on the long side these took a bit longer to become profitable and didn’t give as much gain. One I basically broke even with the spread adjustment, the next I made 8 points, followed by two more that I was able to close for 1.9 and 1.5 PIPs before it reversed. All in all not a bad set leaving me up 8.3 PIPs for today. I’m working through some of the Apiary Challenges specifically the two days with no losing trades currently. Made it yesterday and so far on course to finish that goal today.

Until next time happy trading and be sure and control your losses as that is all we have control over.

Blessings and Harmony,

EarthShadow

Trading Currency

My apologies it has been a while since I’ve posted, life gets crazy not to make excuses these are the times I need to find more drive and dedication to keep up with what I love instead of letting life take all my energy.

That being said I’ve shifted my focus a bit for the time being to currency markets. I do still keep an eye on Penny Stocks and more than plan to be bringing them back up from time to time at least. As I am working to build my accounts and pay bills though I am looking at Apiary Fund to help as I become a full time professional trader. They will fund an account for you to trade with once you pass their courses and prove you can be consistently profitable. I am currently working my way through this program and getting very near the funded account.

The chart above is on the day Federal Open Market Committee (FOMC) met. I had been trading a bit that day and was up over 26 PIPs. I didn’t trade this, but looking back at the signals there was definitely a signaled short opportunity as both the long and short term HMAs turned red. I was watching this live as the meeting took place and the more they talked the further down it went. It was my first FOMC meeting trading day so I didn’t know what to expect and because of that I avoided taking a trade. The next couple days were shaky and stability took a bit to return and cost me more PIPs than I’d expected to lose. As I’m figuring more of the signals out and starting to get into the flow I’m planning to journal and post more.

If you are interested in learning I would encourage you to look at my Resources Page and give Apiary Fund a look to see if it is right for you.

Until next time may you manage your trades well and always control your losses.

EarthShadow

February 4, 2019

Nice little play at end of day on $JVA was willing to hold part over night short, but was glad to see an after hours sell to clear it. I could see it hitting resistance in the $7.24-27 range and took a couple short positions. One I covered fairly quick for a gain and held the other from a #7.24 short looking for $7.10ish. I was pleasantly surprised to get an after hours fill at $6.91 which might not be 100% accurate outside paper world. Still growing paper accounts though.

January 31, 2019

Entered $CANB this morning as it looked to be ready to break out more and the pot stocks are getting action again. This was actually an accidental position as I had a 10000 share order then canceled and 100 got filled. Nice accident as it did end up doing as I expected. Planning to sell tomorrow into action. Ended the day up $16 on this should have been $160 had got appropriate position.

January 28, 2019

Made a paper trade on $BIOC this morning, was watching fro break and got a bit. Didn’t get out too soon either as it has been fading off since that spike I sold into. Not a bad paper trade up $120 in about 7-8 minutes. Looking to do more and start watching markets more closely again.

January 15, 2019

This was one of those I should have gone with instincts, I was looking at it yesterday as a short potential. Would have been a beautiful short as it was touching $7 then basically would have been a hold and watch profits all day. Definitely the short of the day on my watch list.

January 9, 2018

Great way to start the day covering my paper short position. I had cover set for $1.01 it dropped to $1 and my cover got filled before it started moving back up. No complaints here easy enough entries yesterday and morning exit. This is why I love paper trades always shares available and much more likely to get out of position. This was actually an accidental trade to some degree, instead of doubling my position I was trying to cover and hit wrong button. This was definitely one of those great mistakes that worked out. The first two were intentional and getting into position the third double up ended up being the blessing by accident. More to study and learn for sure, planning to make better trade plans this year and looking at starting to do more video and analysis of trades.

If you want to learn from some of the best in the Penny Stock world check out my resources page and get a solid foundation before you pay the market for all your lessons.

January 8, 2019

Opened a short position in paper account, looking to cover into morning dip or cut losses quick as I have some work to do away from computer tomorrow and won’t be able to monitor it past a bit after open.

January 3, 2018

This quick trade I was way too anxious or in a hurry to get out. Patience would have paid off here by at least about another .10/sh as this peaked around $1.34/sh. Good news I was on the right track, bad news is I didn’t hold to it. Better prepared for next time. I am planning to start doing more analysis and planning this year on my trades.