Recent content by Squeal Trader

Anyone heard of the above documentary? Traders: Millions by the minute?. 2 part series documenting the lives of independent traders

What a frustrating day its been with this Euro. I can't remember being stuck in a trade for so long. I trailed my stop lower so losses were limited but enough is enough. I had my stop at 13609 and was relieved when it got hit. Cable had a nice push to new lows and equities rallied at 1 point but...

Good morning guys. What a non event thursday turned out to be. Strong NFP numbers and 6 year low unemployment at 6.1% initially pushed this euro lower. 6.1% unemployment - What a load of crap! You have cities like detroit that are totally bankrupt and according to the data 93.9% of the entire US...

Stopped on Bund. Great push lower out of this range and unexpected considering 2mw's big event. There is a lot of nonesense on these website of traders with thier silly 80% strike rates and pennies to millions claims. My purpose of this journal is to highlight the frequency of how often a pro...

I really don't feel we are in easy trading conditions at the moment. This euro has not gone the way ECB have expected and 2mw is a nightmare of a day with drahgi and nfp. The potential for risk 2mw is huge. I think Drahgi is going to be mention those 2 dreaded words 2mw....Q E - and when he does...

Stopped. What an impressive push by the euro. What is Drahgi going to do to try and get it back down? Those were great levels i traded and it was also the 38.2 of the daily high to low. Crazy.

now short euro at the top of this range. Surely it cant punch up through this range before Drahgi no Thurs??? I will have all the answers as soon as my friend Hindsight comes round.

Im exiting this SP just before chicago pmi data. my stop was thoroughly tested before it found good support. Scrappy profits here but they slowly add up.

Morning, I have just been entered long this SP at 1950. This SP doesn't want to sell off. Everytime a sell off happens it is immiediately bought back up. Every selling push is another excuse for the BTD (Buy The Dip) crew to jump back in. my prediction is we will see 2000 by the end of July.

I've closed out this trade for 11 ticks. This is frustrating as this means im currently working with a 1:1 RR which in my opinion no trader can maintain profitability in the long term. The only way i am able to stay above water is if i lock down these big winners. Those dreaded losing streaks...

Ok we're hitting first signs of support here so my stop is now to scratch. it could really go either way from this point so am glad i got entered at 13651 but if price bounces back up from here then i will want out. Theres still the US session to trade as well in 15 mins so feel theres plenty of...

just had some bad durable goods orders and weak gdp data from the US. a predictable euro spike up which has entered me in short here up at the highs. I get confused these days if good news = bad and vice versa. i delayed getting entered when price first tested as wanted to see the levels...

My whole trading and profitability is based around having a Risk/ Reward of at least 2:1. you will never see a RR less than that on any of my strategies. Yes while technically you can go broke by taking a profit, this was a case where i wanted out of both trades and instead getting stopped out...

When I say my stop is at scratch it means i place my stop exactly on the level i got entered. so if I get stopped at scratch i am at nil minus my fees. I get charged $3.50 per round trip per contract and rarely trade a product more than 3 times a day so as long as i keep my size consistent...