Forex Live Blog:  DEC 2, 2008

*****************************************************************
Hey everyone, I will be live blogging tonight for about 3-5 hours or so.  I have decided to give blogger.com a try out.  I think it has a few more options to work with.

Live blogging will begin there at about 8:30 EST.

The address is: forexliveblog.blogspot.com

****************************************************************** 

Today I will be living blogging from "Funny Mouse" PC cafe. I will be live blogging for the next 5 hours.

I am currently getting my trading platform up from Oanda. We shall see what good trades are out there for us today.

I will be trading a simple EMA crossover method today on a 1min chart.

I will be trading the following pairs: EUR/USD , AUD/USD, USD/YEN.

I will post a screenshot of my platform and setup soon.

Happy trading.

Live Blog Update: Great day - Forex Live Blog Complete! (3:07 PM ET)

Well everyone, I have finished live blogging from the PC cafe for this Monday. It was a great day. Had to wait a bit for some of the trades to develop. I am currently at home now and just about to jump into bed before the day job kicks in again.

I hope you all enjoyed todays posts and I hope some of the information was useful.
Feel free to leave a comment at the bottom of the post and I will be sure to respond to it.

I just remembered that I did have a USD/YEN trade that I haven't posted on the blog. Just to tired. It was the last trade of the evening. I will post it sometime tomorrow.

Take care everyone,

Cheers

davidfx

Trade Update 6: Short USD/YEN:

This one I took a bit of heat, about 23 PIPS. This is not really
a good trade. I was thinking that it was going to bounce off of the EMA and rollover to the downside. That didn't happen. I was still able to muster out +6, +6 and +8 on the trade. It was a little stressful, but once again another winning trade.

If I would have taken the long that would have worked out better and a lot less stress.

Trade Update 5: Long euro/usd from 1.2630

Live blogging contiunes here. Another long trade here on the euro/usd pair. Target hit on the first for +10 and +10 on the runner. Nice and easy trade. Didn't have to wait for this one to develop.

Here is a screenshot of the small short scalp and the long.

Trade Update 4: Short EURO/USD from 1.2623

This was a small scalp from the break of support. Quick scalp
for +3 pips. No screenshot needed for this trade.

TRADE UPDATE 3: AUD/USD LONG

Here is a aud/usd long trade that a bought at support. I went

all in all out on this trade. It might have more left in it but I was happy with my 12 pips.

Nice move once it got though the 34 EMA ... I like when it moves

in the direction as soon as you place the trade.

Here is screenshot:

Trade update 2:

This trade came out of nowhere really. We got a breach of the 34 EMA and went long. Took about 12 pips heat on the trade. Was able to get +5 and +7 PIPS on the runner.

This is the second time writing this post.

Here is a screenshot:

Trading Update: 10:35AM EST:

Well it wasn't pretty thats for sure. Moved the stop out to 65 on the news spike and just waited. We had a double top there on the 1min euro that made me stay in a bit longer and have a bit more confidence to the downside

On the first lot got my target of +12 PIPS.

I got out on the big one min bar for +9 PIPS.

Not a very easy trade for the first live blog trade post but it worked out.

Trading Update: 10:05 EST:

Of course I forgot there was news. Moved the stop out to

handle the spike stop moved to 65.

Trading Update: 9:45 EST:

Currently short EURO at 1.2623 with stop at 40 for now.

Screenshot to follow the trade.. we shall see where this goes.

UPDATE: 9:39 EST

** Here is an image of my trading platform that I will be working with today.

I am using a 34 EMA with support and resistance.