If you are one of the people who have been reading my Xin’s Trading Adventures posts and like the profit potential of currency trading but you don’t have the knowledge or the inclination to trade currencies on your own, don’t think you are out of luck. There is a great program for you! I can show you a fully automated artificial intelligence algorithm, that I really like, which generates consistent profits, day after day. For more details, please watch the overview videos, read more of my detailed articles, attend a Thursday evening webinar or send me an email and set up a time to talk individually.
Back to my personal trading:
Today was a day for few trades. I was busy in the morning as my son got up at 4:45 and wanted breakfast. I have learned the hard way not to try to do trades in the early morning while distracted. That has led to some real blunders and some losses as well. Definitely not a good idea.
If you have been following my recent daily trading reports, you know that I have had quite a few fantastic Silver trades over the past couple of months. I also like to purchase Silver Eagles, such as the one pictured to the right.
I am also behind on my daily trading reports. It has been an exceptionally busy last couple of weeks and I have no been able to write my reports as I would have liked. I plan on writing a lot more over the next couple of weeks in order to catch up.
Morning Tuesday 4/26/2016
Signal: Silver / US Dollar
I had entered this trade with two positions. Silver jumped up and quickly hit both profit target one and profit target two. A very nice way to start the morning. I just love silver and silver trades.
Evening Tuesday 4/26/2016
Signal: British Pound / Australian Dollar
I took two positions in this trade, we will see how it turns out.
US Dollar / Canadian Dollar (USDCAD) Harmonic Shark Pattern
This trade fooled me .It looked like a good reversal was in progress, then bam, it rockets upward to stop me out. Frustrating. Very frustrating.
Euro / US Dollar EURUSD) Harmonic Crab Pattern
A very nice trade on the five minute chart. It quickly hit both profit targets giving me two quick but smaller profits.
Today’s Geography Lesson: Mines of Laurion
“The mines of Laurion (or Lavrion) are ancient silver mines located in southern Attica, between Thoricus and Cape Sounion, approximately 50 kilometers south of Athens, in Greece. A number of remnants of these mines (shafts, galleries, surface workshops) are still present in the region.
Abandoned in the 1st century BC, the mines were “rediscovered” in 1860 and exploited by French and Greek companies until 1977.
In fact, the exploitation of the mines stretches from the Bronze Age: isotopic analyses of lead present in objects of this era indicate that they were made in large part from metal extracted from the Laurion mines.”
Interestingly, for over 1,000 years from 1,200 BC to the 1st century AD the Laurion mines were the largest source of silver production in the world.
Mines of Laurion, Greece
Lessons Learned 1: Don’t trade while distracted. This morning my boy needed attention. I was back and forth with making him breakfast and I wasn’t able to spend the time analyzing the signals that needed to be done in order to select the trades. Therefore, I abstained from entering any trades in the morning after the first one I entered before he woke up and wanted me. I have learned painful lessons about rushing or trading when you can’t give it your full attention. I was wise to have learned from these lessons and didn’t make the same mistakes today. Progress!
Lessons Learned 2: Not all trades work out. The US Dollar / Canadian Dollar trade turned out to be a loser. However, I really don’t think I did anything wrong on this trade. Not all trades work out and this just turned out to be one of those times when it didn’t work out.
My Forex trades were a wash today. One gave me two winners and another gave me two losers. The profits for the day will have to come from the Silver trade if there are to be any. Tune in tomorrow to see what is up with Silver and the other open trade. I have high hopes for the Silver trade in particular. Silver is usually one of my best and most profitable trading options.
As I said previously, for additional information on a fully automated, set it and forget it, artificial intelligence currency trading algorithm called RYZE.Ai from Hodo Global , watch out the videos below.
Today, if you have questions, comments or suggestions, please leave then below as usual or feel free contact me.