Forex Knowledge Base

First, I wanted to mention a new feature of the site called Forex Knowledge Base.  You can also find a link in the "Trader Rich" menu to the left.  This section already contains some frequently asked questions that I get in email (squeeze indicator, brokers, etc) and will ultimately contain much more information that either I had posted in the past or that I've stumbled upon in my journey.  In the future, anyone will also be able to submit a question here that either I will answer or another visitor will answer.  This question can be anything trading related.

I'm still watching the market a little this morning but I'm probably done for the week.  The US CPI announcement at 8:30am was .2%, the CONSENSUS so I don't see any point trying to force anything.  The nice moves started during the European session at around 2 am this morning anyway. 

This week was a good one and so has this month.   Halfway through September, I'm up 273 pips or $2774 with 259 of these pips coming this week. 

I've been manually tracking my new system, the h-system via a spreadsheet since 8/28 and the results have been great.  It's just too bad I didn't start trading it then.

Since 8/28/2006:

12 TOTAL TRADES

11 WINS, 1 LOSS

+979 pips

The average risk/reward has been 2.46. 

I remain cautiously optimistic about this system.  It is in still its infancy and I know that the results from the last 2 weeks are not going to come around every week.  This could have just been pure luck.  Either way, everything seems much clearer when you have a very well defined trading plan as opposed to randomly hitting the buy and sell button.  I hope everyone else had a great week.  If you did, let's hope for more the same next week.

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