Today we took the following trades:

Short GBPUSD – 1.5861 TP @ 1.5813= +48 pips profit

Short USDJPY – 90.55 TP @ 90.11 = +44 pips profit

8.3% Gain for the day.

Open Trades:

Our long EURGBP is still on our books, underwater by 31 pips and not far from been stopped out. The EURGBP has been in a contracting range for the last few days, so we will short the market on a break, which will cover our possible loss on the long.

Long GBPUSD – 1.5977 TP @ 1.6044= +67 pips profit

Short USDJPY – 90.43 SL @ 90.57 = -14 pips

Long USDJPY – 90.57 TP @ 91.04= +37 pips profit

Open Trades:

Long EURGBP @ 0.8749 TP @ 0.8784 (Trade will be left over night and re-evaulated tomorrow morning

Risk is 1.78% of base equity.

Its a beautiful day, the markets are moving and we are ready to make some money.

We had a quick trade on AUDUSD last night, sold from 0.7235 for a 75 pip (0.5%) profit.

We are looking at selling EURJPY from 129.60, 130.15 and 130.75. We are looking to sell EURUSD  from 1.2990, 1.3030 and 1.3070. We are looking to buy USDCHF from 1.1680 and 1.1635. We would also buy USDJPY from 98.85 and 98.60.

We do not enter our whole position at once, we average in to a position. Our position sizing and money management is what makes us so successful, so we cannot give this secret away.

Trade well and be lucky.

Medium term outlook for euro is bearish, so we will look to be setting shorts on eur pairs on rallies and we will aloo be looking to buy usd at lower levels.

We will notify the blog of maybe one or two of our trade ideas.

Good luck all!

There is currently an abundance of so called trading robots being marketed on the internet. A word of advice STAY AWAY from them. They will ruin your account, trust me.

We have tried all of these robots on our VPS hosting on simulated market conditions, and they simply do not work. They all utilise extremely convincing marketing solicitation to hook clients to buy what are basically rubbish systems.

Remember when you were a child, did you ever dream of a machine that could make money? I certianly did, and this is what these robots play on.

If these robots were so successful, dont you think the banks would be buying them up and stopping the sale of them to have them for yourselves? Well, they certainly arent. You will not find a single one of these in any bank trading floor. At Citi in London, they have a huge trading floor, where there are literally hundreds of traders trading. Dont you think they would get rid of these traders and use these 100% profitable robots? Well, they arent!

Trading is an art, a science and a vocation all rolled into one. A robot cannot, and never will, be able to sumulate human behaviour entirely. And do you know what… the market is simply a collection of the sum parts of its participtants emotions. There are two major concepts in trading, and these are fear and greed. Does a robot understand fear and greed? No.

Please do not waste your time (and hard earned money) on these robots. Either learn to trade, or get a professional to do it for you.

I hope that saves you a few $$$!

This is our first post.

The markets are currently closed, but will be opening again on Sunday 9pm GMT.

We trade mostly the FOREX market, which is a $3Trillion per day volume mega market (ten times the daily volume of the major equity indices combined).

The FOREX is open 24 hours per day from Sunday 9PM through to Friday 9PM (all times GMT).

We will be giving out trade calls, free analysis and general mutterings from the world of trading.

Please feel free to participate.

Please participate in this blog and feel free to ask us any questions.