Live Trading Day 31 - 25/1/2010

2010-02-23T16:46:00.000+11:00

Open Positions:CORN -1 373.5 380.75 380.75 YES 367.6 SOYBEAN MEAL -1 288.6 293.5 290.4 YES 283 SOYBEAN OIL -1 39.88 37.93 37.57 YES 36.5 SOYBEANS -1 1022.25 977 967 YES 940 New Trades:OATS +1 232 222 YES -500 USD ROUGH RICE -1 1414 1351 YES -1260 USD COCOA -1 3397 3533 YES -1360 USD Account (AUD):$44,333.63 $30,998.54 $13,335.09

Live Trading Day 30 - 22/1/2010

2010-02-23T16:45:00.000+11:00

Open Positions: CORN -1 373.5 387.5 380.75 YES 364.6 SOYBEAN MEAL -1 288.6 295.2 293.5 YES 286.4 SOYBEAN OIL -1 39.88 38.11 37.93 YES 36.71 SOYBEANS -1 1022.25 983.25 977 YES 951.4 New Trades: NONE Account (AUD): $42,658.54 $33,275.27 $9,377.05

Live Trading Day 29 - 21/01/2010

2010-01-22T20:25:00.000+11:00

Open Positions:CORN -1 373.5 389.75 387.5 YES 372 OATS -1 271.5 236 236 YES 223 ROUGH RICE -1 1471 1396 1396 YES 1388 SOYBEAN MEAL -1 288.6 295.2 295.2 YES 287.5 SOYBEAN OIL -1 39.88 38.11 38.11 YES 37 SOYBEANS -1 1022.25 983.75 983.25 YES 954 New Trades:NONE Account:$43,426.11 $31,402.68 $12,027.43

Live Trading Day 26 - 15/01/2010

2010-01-21T09:16:00.003+11:00

Open Positions:CORN -1 373.5 410 401.75 YES 371.4 OATS -1 271.5 260 251.25 YES 231 ROUGH RICE -1 1471 1445.5 1445.5 YES 1397.5 SOYBEAN MEAL -1 298.8 299.5 299.5 YES 291.7 SOYBEAN OIL -1 39.88 40.3 39.455 YES 37.53 SOYBEAN -1 1022.25 1024 1017 YES 974 New Trades:NONE Account: $40,849.91 $29,032.63 $11,817.28

Live Trading Day 22 - 11/1/2010

2010-01-21T08:45:00.000+11:00

My apologies for the irregular posts. I have been busy working on a new business and by the time I finish my trading, (now done in the evening) I just want to put my feet up and relax. So I will now do a batch of them to catch up. Open Positions: EUR/GBP -20000 .9009 .8807 .8866 YES 0.9006 OATS -1 271.5 280 276 YES 268 SOYBEAN MEAL -1 298 310.6

Live Trading Day 21 - 8/01/2010

2010-01-08T18:52:00.000+11:00

Open Positions:EUR/GBP 20000 .90089 .8807 .8807 YES .898 New Trades:EUR/USD -20000 1.43155 1.461 YES -593USD Oats -1 271.5 280 YES -425USD Soybean Meal -1 298.8 311.9 YES -1370USD Soybean Oil -1 39.88 41.94 YES -1234USD Soybeans -1 1022.25 1-65.75 YES -2175USD Account:$33,529.93 $23,803.15 $9726.79

Live Trading Day 19 - 23/12/2009

2010-01-07T17:28:00.002+11:00

***** TWO DAYS PRIOR TO A MAJOR, HOLIDAY CLOSED ALL TRADES ***** Account:$33,683.06 $33.683.06 $0.00

Live Trading Day 18 - 22/12/2009

2010-01-07T17:26:00.000+11:00

Open Positions:AUD/USD -35000 0.90007 0.9065 0.8989 YES 0.8760 Corn -1 397.82 418.25 - YES 398.6 New Trades:None Account:$34,225.85 $32,504.86 $1720.99

Live Trading Day 17 - 21/12/2009

2009-12-22T11:47:00.000+11:00

Must be careful when placing my stops, I put in an incorrect stop on a forex trade and stopped myself out. I made a profit but could have made more if the stop was placed correctly. Open Positions: AUD/USD -35000 0.90007 0.9121 0.9065 YES 0.8815 CORN -1 397.82 418.25 - YES 400 New Trades: none Account: $34,006.22 $32,290.97 $1,715.25

Live Trading Day 16 - 18/12/2009

2009-12-21T17:36:00.000+11:00

As there are only 4 more trading days til xmas I will not be entering any more trades until after the New Year. I will exit all open trades on the 23rd of December, 2 days before xmas in accordance with my trading rules. Open Positions: GBP/USD -17000 1.6171 1.648 - YES 1.6162 AUD/USD -35000 0.90007 0.9121 - YES 0.89 EUR/JPY -20000 128.97 131.793 - YES 129.69 CORN -1

Live Trading Day 15 - 17/12/2009

2009-12-21T17:28:00.000+11:00

Open Positions:AUD/USD -35000 0.90007 0.9241 0.9121 YES 0.8867 COTTON 1 75.89 73.25 - YES 75.74 New Trades:GBP/USD -17000 1.61708 1.648 YES -525USD EUR/JPY -20000 128.97 131.793 YES -479.91USD CORN -1 397.82 420.25 YES -1162.50USD Account:$34,321.65 $28,635.47 $5,630.48

Live Trading Day 14 - 16/12/2009

2009-12-21T17:22:00.001+11:00

Open Positions:AUD/USD -35000 0.90007 0.9288 0.9241 YES 0.9009 CORN 1 393.25 388.25 - YES 410.20 OATS 1 260.75 256 257.5 YES 262.2 SOYBEAN 1 1059.5 1024.75 1036 YES 1067 WHEAT 1 546.5 520.5 - YES 537.2 COTTON 1 75.89 73.13 73.25 YES 76.25 New Trades:EUR/CHF -20000 1.5064 1.5163 YES -159.20USD SOYBEAN OIL 1 40.48 39.6

Live Trading Day 13 - 15/12/2009

2009-12-21T17:13:00.000+11:00

Open Positions:CORN 1 393.25 388.25 - YES 407.4 OATS 1 260.75 254 256 YES 260 SOYBEAN 1 1059.5 1024.75 - YES 1062 WHEAT 1 546.5 520.5 - YES 536.6 COTTON 1 75.89 73.13 - YES 74.88 New Trades:AUD/USD -35000 0.90007 0.9288 YES -1005.55USD Account:$38,255.57 $26,300.67 $11,954.90

Live Trading Day 12 - 14/12/2009

2009-12-21T17:06:00.000+11:00

I'm not very good with paperwork and there is a lot more paper work involved in live trading than there was in paper trading. Hence I am now doing catch up paper work for the last week. Jeanette, my wife loves paper work and if it was her trading she would be up to date everyday and give reams of detailed information. Open Positions:CORN 1 393.25 384.75 388.25 YES 408.4 OATS 1 260.75 254 -

Live Trading Day 11 - 11/12/2009

2009-12-14T17:23:00.002+11:00

My wife told me that my posts are getting boring now because I dont comment at the begining. Well I just said something so it cant be to bad today. I would like to thank my good friend Dave Rogers for the xmas present, a book titled 'The New Market Wizards' which I will be reading tonight.Open Positions:GBP/USD -17000 1.6442 1.6678 1.6615 YES 1.6260EUR/JPY -20000 130.122 133.895 - YES

Live Trading Day 10 - 10/12/2009

2009-12-14T14:42:00.002+11:00

Open Positions:GBP/USD -17000 1.6442 1.6683 1.6678 YES 1.628EUR/JPY -20000 130.122 133.895 - YES 129.925AUD/JPY -35000 80.27 82.885 - YES 80.885WHEAT -1 566.5 557.5 - YES 537New Trades:CORN 1 393.25 374.5 YES -932.50USDAccount:$37,811.88 $34,976.87 $2835.01

Live Trading Day 9 - 9/12/2009

2009-12-14T14:34:00.002+11:00

Open Positions:GBP/USD -17000 1.6442 1.6683 - YES 1.6262AUD/USD -35000 0.9154 0.9282 - YES 0.9087EUR/JPY -20000 130.122 134.4 133.895 YES 129.4AUD/JPY -35000 80.27 82.935 82.885 YES 79.855NZD/USD -35000 0.7187 0.7288 - YES 0.7187CORN -1 398.750 401.25 398.5 YES 383.4WHEAT -1 566.5 562.75 557.5 YES 535.2New Trades:noneAccount:$39,302.76

Live Trading Day 8

2009-12-09T12:04:00.002+11:00

Open Positions:GBP/USD -17000 1.6442 1.6856 1.6683 YES 1.6286AUD/USD -35000 0.9154 0.9379 0.9282 YES 0.9037NZD/USD -35000 0.7148 0.7363 0.7288 YES 0.707CORN -1 398.75 401.25 401.25 YES 385WHEAT -1 566.5 572.75 562.75 YES 539.6New Trades:EUR/JPY -20000 130.122 134.4 YES -725.90USDAUD/JPY -35000 80.27 82.935 YES -792.54USDAccount:$40,488.49 $32,528.98 $7,959.51

Live Trading Day 7

2009-12-08T11:54:00.003+11:00

There was an entry signal for a long trade on Soybeans today however I had to pass on this trade as the risk on the stop loss exceeds the 5% risk as set in my trading rules. However there were three other trades with entry signals that I could take.Open Positions:AUD/USD -35,000 0.9154 0.9398 0.9379 YES 0.9126Corn -1 398.75 408.5 401.25 YES 383.6Wheat -1 566.5

Live Trading Day 6

2009-12-07T13:17:00.003+11:00

One week into live trading and my mantra is still follow the rules and you cant go wrong. A good friend and mentor of mine recently suggested that I combine one of my passions with my trading, the passion being cooking. Something along the lines of the Share Market Chef or the Trading Cook. Apart from the name there is also, along what lines can I combine the two? If you have any suggestions for

Live Trading Day 5

2009-12-04T12:20:00.003+11:00

I feel like I am settling in well to trading live, I am following my rules and everything is going according to plan. I mentioned to my wife this morning that I much prefer trading during non daylight savings time in Australia when the data comes in between 7:15 am and 9:15 am. rather than closer to lunchtime. I am hoping that soon I will be interviewing other traders and putting their comments

Live Trading Day 4

2009-12-03T13:27:00.003+11:00

Had a long training session for commodities and Forex this morning on reversing orders and exiting trades and how to trade livestock on two different exchanges. Hope I get full marks from my mentors.Open Positions:Wheat 1 584 549.25 549.25 Yes 576New Trades:noneAccount (AUD):39,056.80 36,491.49 2,567.31

Live Trading Day 3

2009-12-02T11:28:00.003+11:00

Still getting used to this new method of recording.Open Positions:GBP/USD -17000 1.6532 1.6842 1.6842 Yes 1.6612Corn 1 413.25 388 388 Yes 414.4Wheat 1 584 549.25 549.25 Yes 584New Trades:NoneAccount (AUD):39491.93 34571.18 4,920.75

Live Trading Day 2

2009-12-01T11:45:00.003+11:00

The butterflies are starting to flutter away and I am setting into business.Open Positions:GBP/USD -17000 1.6532 1.6887 1.6842 Yes 1.6441Corn 1 413.25 386.75 388 Yes 417.4New Trades:Wheat 1 584 549.25 YES -1,737.5USDAccount (AUD):40,181.01 35,217.90 4,963.10

Live Trading Day 1

2009-11-30T21:45:00.004+11:00

Well after four months and not a few butterflies I am finally live trading. Because my initial deposit in my trading account was $5,000 I was only able to take two trades today but we have transfered the balance of $35,000 to the trading account and hopefully it will be there tomorrow for me to start trading with. I have a new format for recording based on the training I have received from

Final Paper Trading Post

2009-11-30T10:33:00.003+11:00

This is my final post before going live. I havent been posting the last week because I have not entered any new trades because of the Thanksgiving holidays and I have exited my last trade on the 20th of Nov. These are the results I have obtained from using Lifestyle trader over 90 trading days.I started with an account of $85,000 made up of what the margin would be if I had a trade on all forex,

Paper Trading Day 85 of 90

2009-11-19T11:53:00.003+11:00

Thanksgiving day looming and a sharp downturn in just about everything has prompted me to believe that there may be a good reason why Lifestyle Trader suggests that you exit all trades two days before a major US Holiday, So I will be exiting all open trades on monday 23rd Nov and I won't be entering any new trades before thanksgiving on the 25th Nov.FOREX:Three of my open trades have gone in the

Paper Trading Day 84 of 90

2009-11-18T11:16:00.003+11:00

Six more days of paper trading before I go live. I am both excited and a little nervous at the same time. I can see the results I have on paper and that excites me but I am not and never have been much of a gambler so I am a little nervous about using real money.FOREX:No exits and no new trades today.Current trades are: Curr Pair Direction Entry Price Current Price P/L USD / JPY Short

Paper Trading Day 83 of 90

2009-11-17T11:47:00.002+11:00

Today I did my lesson 1 of sessions training. Easy, install the software, take a screen shot and send it back. did that 2 weeks ago but anyway its done now.FOREX:I closed one trade today a long trade on US Dollar Japanese Yen taking a lose of $1,066.75. Flip side is that the weekly chart has changed direction so I have entered a short trade on the same pair. I also entered three other

Paper Trading Day 81 of 90

2009-11-13T12:14:00.003+11:00

Getting pretty slack here I nearly didn't write anything at all here. Though this isn't much anyway.FOREX:I exited two trades that went the wrong way two days in a row:a short trade on US Dollar / Swiss Franc making a profit of $64a long trade on Australian Dollar / US Dollar taking a lose of $505I entered one new trade today a long trade on US Dollar / Japanese Yen.

Paper Trading Day 80 of 90

2009-11-12T11:19:00.003+11:00

I have been going to a lot of personal development seminars over the last few years and the thing I am picking up the most is to follow what you are passionate about. One of the things I am most passionate about is food and drink and entertaining friends, but more importantly food prepared with fresh ingredients. With this in mind I am starting a new blog where I will

Paper Trading Day 79 of 90

2009-11-11T09:43:00.004+11:00

I installed the latest version of ARLT on saturday and because it now has 2 new currency pairs I also had to download the latest trading spreadsheets. Now that I have the new spreadsheets updated with current trades I can start reporting again.FOREX:I closed two trades today:a short trade on Euro / British Pound taking a lose of $347.80a long trade on Australian

Paper Trading Day 76 of 90

2009-11-06T11:01:00.003+11:00

I thought I had booked in to start the sessions training this week but it looks I didn't complete the registration and so now I am booked in to start on the 16th of November.FOREX:I entered one new trade today a long trade on British Pound / US Dollar.Current trades are: Curr Pair Direction Entry Price Current Price P/LEUR / USD Long 1.4864 1.4873

Paper Trading Day 75 of 90

2009-11-05T12:35:00.002+11:00

Very tired today due to lack of sleep. Planning a trip for twelve couples to Bali in April next year and couldn't sleep last night thinking about it. Details will be posted here within the next couple of days.FOREX:I entered two new trades today, so current trades are: Curr Pair Direction Entry Price Current Price P/L EUR / USD Long 1.4864 USD / CHF Short 1.0174Profit on closed

Paper Trading Day 74 of 90

2009-11-04T20:00:00.003+11:00

A friend of mine who I visited today told me about a seminar he had just been to about book writing as my friend has just finished writing a book. He told me about a gentleman that he met there who had written a book about how you can make one million dollars in eighty days trading forex starting with an account of just one thousand dollars and if you wait another forty days or so you can turn it

Paper Trading Day 73 of 90

2009-11-03T10:39:00.002+11:00

It's Melbourne Cup Day today.FOREX:I closed one trade today a long trade on British Pound / US Dollar taking a lose of $1,685.00.Current trades are: Curr Pair Direction Entry Price Current Price P/L USD / CHF Short 1.0217 EUR / CHF Short 1.5096 1.5099 -$24Profit on open trades is currently - $24 and profit on closed trades is currently $16,172.40 a total of $16,148.40

Paper Trading Day 71 of 90

2009-10-30T09:05:00.003+11:00

Today I placed my first simulated trade using the trading platform, two infact.FOREX:I closed a long trade on Euro / Swiss Franc today taking a lose of $320.Lifestyle Tradere gave an entry signal for a long trade on British Pound / US Dollar.Current trades are: Curr Pair Direction Entry Price Current Price P/L GBP / USD Long 1.6564 1.6564 0Profit on closed trades is

Paper Trading Day 70 of 90

2009-10-29T08:21:00.007+11:00

Good morning traders a very quite day today. Lets hope the action picks up soon.FOREX:my long trade on Euro / Swiss Franc has gone in the wrong direction two days in a row so I will exit that trade tomorrow. No new acceptable trades were reported by lifestyle Trader today.Current trades are: Curr Pair Direction Entry Price Current Price P/L EUR / CHF Long 1.5146 1.5104 -

Paper Trading Day 69 of 90

2009-10-28T08:34:00.005+11:00

Can someone please convince google to put a better editor in here so that when I format the text it stays formatted. Perhaps once I start making money from trading I will move over to a self hosted wordpress blog.FOREX:I closed two trades today;a long trade on Euro /US Dollar making a profit of $1,600.00a short trade on US Dollar / Swiss Franc making a profit of $696.00There were no new

Paper Trading Day 68 of 90

2009-10-27T09:34:00.004+11:00

I now have the Trader Workstation software installed and running on my computer and I am now starting the sessions training in order to learn how to use it. Looks like a lot of fun and now I have to keep a more detailed diary of what I am doing. Part of this is creating a trading strategy which I have also posted on this blog.Thanks for your comments Leon it is good to know that someone is

My Trading Strategy

2009-10-26T10:40:00.003+11:00

What I tradeAll ForexAll GrainsAll LivestockAll Softs except CocoaEntry / Exit RulesI get in on the daily chart cross (correct angles) if the weekly chart is trending in the same directionI exit on a cross or when the trade has gone in the wrong direction two days in a rowMy Stops Are 2 x 10 day ATR for Commodities2 x 5 day ATR for ForexMy Maximum Risk per Trade5% of my accountMonthly Target5%

Paper Trading Day 66 of 90

2009-10-23T08:58:00.003+11:00

I now have my account to use the live trading simulator so I will be installing that today and hopefully I will be able to start using it tomorrow.FOREX:Same as yesterday nothing new. Profit on open trades is now $8,526.00 and profit on closed trades is $12,921.40 a total of $21,447.40 an increase of 57.97% on my original account.COMMODITIES:All open trades are doing well. Lifestyle Trader showed

Paper Trading Day 65 of 90

2009-10-22T08:23:00.003+11:00

This is all starting to become a little routine now and even when the my profits drop one day I am not bothered by it as I know they will probably go back up again the next as they did today.FOREX:Nothing new here again today. Profit on open trades is currently $8,484.00 and profit on closed trades is currently $12,921.40 a total of $21,405.40 an increase on my original account of 57.85%.

Paper Trading Day 64 of 90

2009-10-21T10:48:00.002+11:00

Not much to report again today.FOREX:No exit signals today and no entry signals. Profit on open trades is currently $6,786.00 and profit on closed trades is currently $12,921.40 a total of $19,707.40 an increase on my original account of 53.26%.COMMODITIES:There were three conservative entry signals from Lifestyle trader today;a long trade on Corna long trade on Oatsa long trade on WheatThere was

Paper Trading Day 63 0f 90

2009-10-20T09:46:00.003+11:00

The sun has finally arrived in Melbourne and along with it the winds of the western deserts.FOREX:I closed two trades today;a short trade on US Dollar / Canadian Dollar taking a profit of $2,741.20a short trade on Euro / Swiss Franc with a lose of $200There were no new entry or exit signals reported by Lifestyle Trader.Profit on Open Trades is currently $7,534.00 and profit on closed trades is

Paper Trading Day 62 of 90

2009-10-17T10:37:00.004+11:00

My wife pointed out that there were a lot of grammatical errors in yesterdays blog and wanted to know why as I usually dont have any. I generally proof read twice and yesterday I didn't proof read at all because I was running a little bit late and wanted to get on to other matters.FOREX:There are no new entry or exit signals today. I have two trades that have gone in the wrong direction two days

Paper Trading Day 61 of 90

2009-10-16T13:03:00.004+11:00

Onto the back 9 as it were or on the home stretch depending on your choice of sport.FOREX:Big increases followed by big drops. Closed a short trade on British Pound / US Dollar taking a lose of $1,800 and I was stopped out of a long trade on Euro / British Pound with a lose of $696/60. Seems like the British Pound may be making a come back with entry signal for both the previous pairs to enter

Paper Trading Day 60 of 90

2009-10-15T09:18:00.005+11:00

two thirds of the way through my paper trading apprenticeship today and a good day to review how it is going.FOREX:My short trade onBritish Pound / US Dollar today has traded the wrong direction two days in a row which is both days that I have been in the trade and while it hasn't hit the stop point I am going to exit from it. Lifestyle Trader showed an entry signal for a short trade on Euro /

Paper Trading Day 59 of 90

2009-10-14T10:38:00.002+11:00

A cold wet start to the day again today with more rain predicted hopefully we will get more water in the dams from it.FOREX:Not much to report here today, I closed a short trade on US Dollar / Japanese Yen taking a lose of $261.80. There were no new entry or exit signals.Profit on open trades is currently $8,240.10 and profit on closed trades is $12,875.80 a total profit of $21,115.90 an increase

Paper Trading Day 58 of 90

2009-10-13T09:40:00.003+11:00

Daylight savings has ended in the USA and begun in parts of Australia so we now have data arriving from 9:15 am for forex and 11:15 am for commodities so my posts will be a little later over the summer.FOREX:I closed two trades today;a short trade on US Dollar / Swiss Franc with a profit of $48a short trade on Euro / Japanese Yen with a lose of $1,315.80Lifestyle Trader had an exit signal for a

Paper Trading Day 57 of 90

2009-10-10T12:33:00.003+11:00

Another week ends but I still have lots of work to do before I rest.FOREX:I closed two trades today;a short trade on British Pound / US Dollar with a lose of $1580a short trade on British Pound / Japanese Yen with a profit of $493Lifestyle Trader had two exit signals today;a short trade on US Dollar / Swiss Franca short trade on Euro /Japanese YenProfit on open trades is currently $3,915.50 and

Paper Trading Day 56 of 90

2009-10-09T08:35:00.004+11:00

I missed the last two days as I have been extremely busy, I have however continued my paper trading so her we are at day 56.FOREX:I currently have 9 open trades with an exit signal for short trade on British Pound / US Dollar and a short trade on British Pound / Japanese Yen has gone in the wrong direction two days in a row so I will exit that trade as well.Profit on open trades is currently

Paper Trading Day 53 of 90

2009-10-06T08:43:00.003+11:00

A brand new week full of opportunities.FOREX:I closed one trade today a long trade on Australian Dollar / US Dollar taking a loss of $1,620.00. Lifestyle Trader had entry signqals for four trades;a short trade on US Dollar / Japanese Yena short trade on US Dollar / Swiss Franca long trade on Euro / British Pounda short trade on British Pound / Japanese Yenmy short trade on Euro / Japanese Yen has

Paper Trading Day 52 of 90

2009-10-03T10:28:00.003+10:00

Good morning traders, another cool spring morning in Melbourne, cant wait for the sun to arrive and warm up this dreary place now that the football is over.FOREX:I closed one trade today, a short trade on British Pound / Japanese Yen taking a profit of $6,528.00. Lifestyle Trader signaled an exit for a long trade on Australian Dollar / US Dollar.Profit on open trades is now -$152.20 while profit

Paper Trading Day 51 of 90

2009-10-02T07:53:00.005+10:00

Okay, clearer heads have taken over, I am not going to join the army. I figure that with the spare time I will have from trading I can do all the cooking courses I want and have the freedom to pursue my other dreams. Besides, my son who is in the army told me that army food isn't as good as dads food.FOREX:I closed one trade today a short trade on British Pound / US Dollar taking a profit of

Paper Trading Day 50 of 90

2009-10-01T07:44:00.005+10:00

Sitting here ready to start writing but I am a little bit distracted at the moment. Did you everfeel like you were driving down the highway of life knowing where you were going and then suddenly a bus changes lanes in front of you and changes your direction. I love to cook, I cook at home for my family, I invite friends over and cook for them. I never really considered a career in the culinary

Paper Trading Day 49 of 90

2009-09-30T07:32:00.005+10:00

Writers block this morning, probably from lack of sleep as it was quite warm last night.FOREX:I have two trades that have gone the wrong direction two days in a row so according to my rules I will close them. They are a short trade on US Dollar / Japanese Yen and a long trade on Euro British Pound.Profit on open trades is currently $17, 427.25 and closed trades remains at -$1,041.25 a total

Paper Trading Day 48 of 90

2009-09-29T07:29:00.005+10:00

Football is over for the year and I'm not a big fan of the cricket, what to do over summer?FOREX:No new entry or exit signals today. Profit on open trades is currently $21.399.35 while closed trades remains at -$1,041.75 a total profit of $20,357.60 an increase on my initial account of 55.02% .COMMODITIES:I closed three more trades today;short trade on Soybean Meal taking a lose of $150short

Paper Trading Day 47 of 90

2009-09-26T08:41:00.004+10:00

A fine sunny morning this morning but rain and hail is predicted for this afternoon when the Cats and the Saints battle it out for the holy grail of AFL.FOREX:I closed one trade today, a long trade on US Dollar / Japanese Yen taking a lose of $1,041.75. The last of the wrong way trades. There was an entry signal to open a short trade on this pair which is in the same direction as the weekly trend

Paper Trading Day 46 of 90

2009-09-25T07:53:00.006+10:00

AFL Grand final day tomorrow and my prediction is Geelong. They have the eye of the tiger whereas St Kilda do not.FOREX:My decision to close trades that head in the wrong direction two days in a row seems to have worked in the case of my long trade on Euro / Japanese Yen as lifestyle trader signaled an exit for this pair today closing at a lower price that what I got out for. Lifestyle trader

Paper Trading Day 45 of 90

2009-09-24T07:39:00.004+10:00

Halfway there ladies and gentlemen and a very interesting ride it has been so far.FOREX:Long trade on Euro / Japanese Yen is down two days in a row so I am going to exit from it tomorrow.Profit on open trades is currently $5,646.30 while closed trades remains at -$272.50 for a total profit of $5,373.80 an increase of 14.52% on my original account.COMMODITIES:Lifestyle Trader had two signals to

Paper Trading Day 44 of 90

2009-09-23T07:49:00.006+10:00

Wow, what a difference a change in strategy makes.FOREX:Two trades that I didn't take yesterday due to the weekly trend being in the opposite direction went in the opposite direction. I closed five trades today;Long trade on Euro / US Dollar taking a profit of $3,470.00Short trade on US Dollar / Canadian Dollar with a lose of $525.10Short trade on US Dollar / Swiss Franc with a profit of

Paper Trading Day 43 of 90

2009-09-22T07:58:00.005+10:00

Today I have decided to use a couple of extra strategies with Forex to try and stop the bleeding that I have had with them so far. The first strategy, and this I believe will save me heaps, is if an entry signal is in the opposite direction to the weekly trend then dont take the trade, and if an open trade closes in the wrong direction two days in a row and appears to be topping or bottoming out

Paper Trading Day 42 of 90

2009-09-19T22:00:00.003+10:00

Sitting up late on Saturday night writing this post, Collingwood are about to be knocked out of the preliminary final by Geelong and I can drown my sorrows along with my good friend GW who's team lost the other preliminary last night. To Julie I make rude gestures to you and your team.FOREX:Closed a short trade on US Dollar / Japanese Yen today making a profit of $810.90 and receiving an entry

Paper Trading Day 41 of 90

2009-09-19T07:06:00.003+10:00

I am at another Workshop this weekend and that is why this post is a "little" bit late. and there really isn't a lot to report.FOREX:closed 2 trades,Short trade on Euro / Swiss Franc taking a lose of $312Short trade on Euro / Japanese Yen taking a lose of $1,623.50.Lifestyle Trader also signaled an exit on a short trade on US Dollar / Japanese Yen.Profit on Open Trades is currently $12,981.60 and

Paper Trading Day 40 of 90

2009-09-17T08:00:00.004+10:00

Another cold wet windy day in Melbourne so I dont think I will going for a walk this morning.FOREX:A slight improvement on yesterday. I closed two trades today:Long Trade on British Pound / US Dollar taking a profit of $980.Long Trade on US Dollar / Canadian Dollar with a lose of $864.ARLT signaled the following exits and entries:Exit signal for short trade on Euro / Swiss Franc with an entry

Paper Trading Day 39 of 90

2009-09-16T07:52:00.005+10:00

Non writers block is happening again. With plenty of other things on my mind its seems to be very hard to get started this morning so I took a walk first to clear my mind and get a bit of clarity.FOREX:Closed a short trade on US Dollar / Canadian dollar taking a profit of $1,352. I also entered a long trade on this pair but received an exit signal with an entry signal for another short trade.I

Paper Trading Day 38 of 90

2009-09-15T08:21:00.004+10:00

Wow what a long weekend that was. It seemed like a whole week, however we got some very valuable information. The workshop was called "a look inside the Grants internet business", if you are interested in making money from the internet then I urge you to go see them.FOREX:Today ARLT signaled an exit on my US Dollar / Canadian Dollar Short trade with a signal to enter a long trade.I closed two

Paper Trading Days 36 & 37 of 90

2009-09-13T19:24:00.003+10:00

What an interesting but tiring weekend I have had and it's not over yet, another day left of an internet marketing workshop that I am attending, followed by a traders club meeting tomorrow night. The football last night with my magnificent Maggies (Collingwood Magpies Australian Rules Football Club for those readers that are O.S.) snatched victory in the dying seconds of the game. One more win

Paper Trading Day 35 of 90

2009-09-10T07:58:00.006+10:00

These little blurbs art the top are my way of getting started. Unlike my wife who is a natural writer I find it difficult to write so I just start writing anything that comes to mind to get me going. So now you know my secret...FOREX:The market seems to have settled down a little after a turbulent week last week. I closed one trade today being a short trade on Euro / British Pound with a lose of

Paper Trading Day 34 of 90

2009-09-09T08:08:00.003+10:00

My thanks to the reader who let me know that yesterday was a holiday in the United States and hence the reason there was no data for commodities. I do recall being told to look out for this at the three day trading workshop offered by Lifestyle Trader however it seems to have slipped my mind.FOREX:A week they say is a long time in football but a few days it seems is longer in forex. Closed

Paper Trading Day 33 of 90

2009-09-08T08:25:00.003+10:00

Another weekend over and a week closer to achieving my goals. Let's get straight into the action.FOREX:Looking slightly better today, I closed four trades:short trade on British Pound / US Dollar with a profit of $290long trade on US Dollar / Canadian Dollar taking a lose of $569.60long trade on US Dollar / Swiss Franc taking a lose of $128short trade on British Pound / Japanese Yen taking a

Paper Trading Day 32 of 90

2009-09-05T07:57:00.007+10:00

Saturday morning again and this week its me the cat and the wife. Another beautiful sunny day in Melbourne and my beloved Magpies are playing the Saints this weekend, "c'arn the Pies".FOREX:The good ol' green back persisits in not knowing what it is doing and like its makers is creating instability throughout the free world. Lifestyle trader had exit and entry signals galore this morning,British

Paper Trading Day 31 of 90

2009-09-04T07:56:00.008+10:00

Here on the eastern side of Australia we get data for forex at 7:15 am and data for commodities at 9:15 am. I am usually finished looking after forex trades and writing up the forex part of this blog by 8:15 am so today I decide to go for a walk around our local lake. WOW, am I pumped up now and ready for whatever today manifests.FOREX:Closed 3 trades today,Short trade on US Dollar / Swiss Franc

Paper Trading Day 30 of 90

2009-09-03T07:47:00.011+10:00

1/3 of the way there a good time to review what has been happening.FOREX:Closed one trade today Euro / US Dollar taking a lose of $1130.Profits on open trades stands at $9,492.65 and profit on closed trades is -$4,905.20 a total of $4,587.45 or an increase of 12.4%With three open trades in the red and seven in the green and over $9,000 in profits on open trades, on the other side we have close to

Paper Trading Day 29 of 90

2009-09-02T08:42:00.004+10:00

Up bright and early this morning with expectation for a good day. Cup of coffee and I'm ready to go.FOREX:Well it seems that the up and down US Dollar is still up and down with trades opened today giving exit signals and entry signals to go back the other way. So lets just look at the bottom line.Profits on open trades stands at $8,019.30 while closed trades is -$3,775.20 a total profit of

Paper Trading Day 28 of 90

2009-09-01T07:52:00.005+10:00

And now that the dust has settled on last weeks turbulent forex market things are not looking so bad. Thankfully, and looking forward to some good news from Aussie Rob about his sporting sponsorship deal. I have a funny feeling he is looking at sponsoring my favourite footy team but will wait and see what transpires today. I am also very excited about what is going to happen with his new island,

Paper Trading Day 27 of 90

2009-08-29T08:23:00.004+10:00

Another Saturday morning and everyone in the house is in bed asleep except me and the damned cat who is meowing for the daily ritual, a saucer full of milk. Sorry cat not interested you can wait 'til mum gets up.FOREX:Now that I have picked my self up off the floor from yesterday lets take a look at today. Not so bad. Closed to trades today, a long trade on US Dollar / Japanese Yen losing $883.15

Paper Trading Day 26 of 90

2009-08-28T08:16:00.004+10:00

Did I mention that forex is volatile? I didn't, well let me tell you that forex is volatile. You would need a cast iron will to trade forex. Commodities seem so much more sedate.FOREX:took a beating today as a result of the apparent instability in the US Dollar. Closed four trades:Euro / US Dollar long trade $0 returnUS Dollar / Canadian Dollar short trade lose of $916.70US Dollar / Swiss Franc

Paper Trading Day 25 of 90

2009-08-27T08:20:00.007+10:00

WOW don't know if I'm Arthur or Martha this morning. Did I mention that we were taught at the three day workshop that forex is volatile, like a party for swingers.FOREX:Just when you think your doing okay the US Dollar comes along and hits you with a sledge hammer. Lets do this by pairs.US Dollar / Japanese Yen Long trade, up today after being down yesterday. Trade is in the red.EURO / US Dollar

Paper Trading Day 24 of 90

2009-08-26T07:55:00.008+10:00

My apologies for not posting day 23 as I have the flu and went straight back to bed after doing my paper trading. I did however close four commodity trades, all of them were grains, taking a lose of just under $2000.FOREX:An exit signal yesterday for my short trade on US Dollar / Japanese Yen saw a profit of $693.60 today and marked a long entry for the same pair. Today showed an exit signal for

Paper Trading Day 22 of 90

2009-08-22T09:17:00.006+10:00

Saturday morning, not very motivated to rise early but must learn good habits if we want to be successful at trading. I can sleep in tomorrow. Today marks the end of my first month of paper trading Forex and Commodities using Aussie Robs Lifestyle Trader software. If you Like what you see then you can email the sales department at sales@lifestyletrader.com.au and tell them that you have been

Paper Trading Day 21 of 90

2009-08-21T08:09:00.006+10:00

Had a few beers last night from a boutique brewery in the Barossa Valley so my head feels a little muddled and slow this morning. Very interesting days trading on forex so as usual lets start there.FOREX:Seems like the good ol' US Dollar is dropping. This has signaled a few entries and exits today starting with:A long entry signal for Euro / US Dollar.There is an exit signal for my short trade on

Paper Trading Day 20 of 90

2009-08-20T08:13:00.014+10:00

Got up early this morning and made poached eggs on toast for breakfast. What has this to do with forex, well lots actually. I have found that if I dont have breakfast before I start my trading then I tend to not have it until just before lunchtime then skip lunch. Not a very healthy way to go. It is my intention to have a long healthy and active life with the money I am going to make from

Paper Trading Day 19 of 90

2009-08-19T15:01:00.008+10:00

Since I have been paper trading for nearly four weeks prior to starting this blog, I will start with todays results. And because data for forex comes in two hours before the data for commodities I start the morning at 7:15 am with my forex trades and a capuccino.FOREX:Today was a funny day where all my forex trades seemed to be going in the wrong direction. We were told at the three day training

A Little Bit of Background Information

2009-08-19T13:08:00.017+10:00

Some basic risk management rules we learnt at the three day training workshop are:never use up more than 75% of your trading account in margins (a deposit that your broker takes in order to process the trade)never lock up more than 30% of your trading account in margin on any one tradenever risk more than 5% of your trading account on any one trade (the amount you risk is the difference between

First Post

2009-08-19T08:55:00.004+10:00

I recently attended an event called "Resolving The Money Riddle" hosted by Paul and Mary Blackburn in Sydney, Australia. I highly recommend it. you can find out more from Beyond Success. It was a three day event which included three, ninety minute guest spots with Carli Crutchfield (property development), Andrew & Darryl Grant (internet marketing) and Steve and Sharon Skidmore (share market

Trading Diary Recording Format

2008-11-30T22:15:00.000+11:00

Open Positions:Product; Position; Entry Price; Current Stop; New Stop; Is the stop placed correctly and GTC? (good til cancel); Closing Price.New Trades:Product; Position; Entry; Stop; Is the stop placed correctly and GTC? Loss if stopped out;Account:Net Liquidation Value; Available Funds; Initial Margin Used

My Trading Diary Using Aussie Rob's Lifestyle Trader Software

Live Trading Day 35 - 29/1/2010

Live Trading Day 34 - 28/1/2010

Live Trading Day 32 - 26/1/2010