It's Been a While...

October 25, 2008 17:07 by Jon

Whelp, it's been a while since I've posted.  My "real" job has been keeping me very busy the last several months, and it's been hard to find time to post amidst the many summer projects that have been occupying my time this summer.  I have not, however, curtailed my trading or my study of trading and the markets.

I've recently come across a thread at ForexFactory.com that has had a profound effect on me and how I approach the markets.  In Jacko's Forex House of Pleasure and Pain, the thread starter details his medium- to long-term strategy for trading EUR/USD.  Jacko has a simple yet powerful approach to the markets and presents it in a way that is very accessible and digestable.  His method struck a chord with me because it fits my personality and is congruent with the way that I trade.  I would suggest that all aspiring traders check out at least the first couple of pages of the thread.  I have started adapting some of Jacko's methods in my own trading.

I'm currently watching EUR/USD and AUD/USD, looking for a good short entry as these pairs are trending down strongly.  Since these pairs are strongly correlated, I'm watching them both to see which one gives me the best opportunity to make some pips!

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