Long term successful trading in the FX markets is achieved by evolving with the ever changing market conditions and refining trade plans. Markets go through tremendous volatile conditions and choppy unattractive conditions. To be successful you need a methodology that takes advantage of trending and reversal markets while minimising account drawdown in choppy unpredictable markets. HVMM original system has done an excellent job over the last 12 months that I have tested and traded live. I was hesitant in changing systems at first to the new upgrade 2010.
My 1st thought was this system is going to have absolutely blast my current systems results for me to want to change an already successful trade plan. 2nd thought was that I am going to start testing the worst performing period on original system and trade plan. If HVMM 2010 is profitable in this unattractive market period, I would continue further. Wow was I surprised with the results. The test period in order: March, Jan & Feb 2010.
Trading currencies can be one of the most technical markets to trade successfully. While it may be the cheapest market to trade for beginners it can be very hard to trade profitable unless you’re are armed with a robust system that does all the hard work producing high probability trades in some times low volatile choppy markets.
Making adjustments around key levels, round numbers and news can be overwhelming for new traders because of the discretionary decisions that need to be made before placing trades. I was determined to design a trade plan that is 99% mechanical with minimal adjustments and dramatically reduces risk when in profitable situations.
Jan-March 2010 I was finding a high percentage of trades profitable through round numbers, key levels, news etc while I was skipping due to trade plan rules. This was impacting my results heavily. So the new system testing gave me a great opportunity to design a trade plan that was mechanical, high win rate, minimal adjustments and used scaling to lock in profits quickly and reduce risk.
Hi Traders, We are back with a look at our live trading room for the European Forex Trading session on 28th January 2010. Three early trades across our GBPUSD, EURJPY & GBPJPY delivering three winning trades for a total of 53 pips profit. If you would like more information on the GMT Live Trading Rooms please email info@globalmarkettrader.com. Cheers GMT Team
Hi Traders, In this Video we walk you through todays live trading session on the our Asian FX session. This session was quite tricky and we show you how to trade while sticking to your trade plan. It is critical that you trade with a trade plan and most importantly stick to it. For more information email info@globalmarkettrader.com
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