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LITEchild replied Jan 5, 2014Note to self... The Puzzle I'm a wealthy and generous man, and I want to hire you to work for me for one month. Since I'm also flexible, I give you a choice: you can choose to be payed the entire month's salary up front on the first day of your ...
Book of LITE
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LITEchild replied Jan 3, 2014For now GBPJPY topping the list of highest probability pairs to trade this year based on my strength analysis and profiling.
Book of LITE
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LITEchild replied Jan 3, 2014Just saw this somewhere and couldn't agree more...note to self... Making money in trading is the easy part, but KEEPING it...the hard part! Once you cross that line of keeping your profits (withdrawing it on consistent basis) then you've crossed the ...
Book of LITE
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LITEchild replied Jan 3, 2014Trading Plan for next week Mon. 6th Jan - Fri. 10th Jan 2014. 1. Entries to be made only after Asia session on Tues. 7th Jan commences. 2. No trades to be taken after Asia session on Fri. 10th Jan closes. 3. Play GBP strength against JPY weakness. ...
Book of LITE
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LITEchild replied Jan 3, 2014After yesterdays moves, my longer term strength/weakness currency profile for the next couple of weeks or more, looks like this... 1. -GBP 2. -CHF 3. -EUR 4. -NZD 5. -USD 6. -CAD 7. -AUD 8. -JPY (1 = strongest; 8 = weakest).
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LITEchild replied Jan 3, 20141. Had a losing day yesterday after quite a while. Made a couple of deadly rookie errors. But lesson learned. 2. We are at the dangerous market situations when Daily Time Frame Trend seems to be tilting or changing. 3. To be expected after such a ...
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LITEchild replied Jan 2, 2014Similar corresponding buy setups (trend trades) taken on EURAUD and EURJPY.
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LITEchild replied Jan 2, 2014Sell trade initiated on AUDCHF. 1. Playing AUD weakness against CHF strength. 2. Trend is DOWN on Daily TF. So trade is taken in a pro-trend context. 3. Supply beginning to come into the market. Selling 'High' on first pullback. 4. Emergency stop. ...
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LITEchild replied Jan 1, 2014Last trade taken in December 2013. EURAUD Counter-Trend Trade for 90pips. 1. Playing EUR weakness against AUD strength. 2. Trend is UP on Daily TF, so trade is taken in counter-trend context. 3. Obvious Supply coming into the market, so waited for ...
The Lite Chronicles and Discussion
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LITEchild replied Jan 1, 2014Last trade taken in December 2013. EURAUD Counter-Trend Trade for 90pips. 1. Playing EUR weakness against AUD strength. 2. Trend is UP on Daily TF, so trade is taken in counter-trend context. 3. Obvious Supply coming into the market, so waited for ...
Book of LITE
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LITEchild replied Jan 1, 2014A recent EURJPY TREND TRADE taken on 26/12/12 for 200pips. 1. Playing JPY weakness(David) against EUR strength(Goliath). 2. Trend is UP on Daily TF. 3. Price was in OBVIOUS ACCUMULATION phase, so the odds are I'm still buying low. 4. Entered with an ...
The Lite Chronicles and Discussion
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LITEchild replied Jan 1, 2014Now the issue of INDICATORS....to be or not to be.... It is my opinion that it is possible to trade profitably without indicators. I also believe it is possible to trade profitably using them. It all boils down to if you really know what you're ...
The Lite Chronicles and Discussion
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LITEchild replied Jan 1, 2014I am principally a trend trader. Sometimes I''ll take a counter trend setup if it looks good enough. I'm in the school of thought that believe it's all a game of probabilities and so I look to put the odds on my side as much as possible. 1. The ...
The Lite Chronicles and Discussion
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The Lite Chronicles and Discussion
Started Jan 1, 2014|Trading Discussion|49 replies
Here I can respond to questions, inquiries, suggestions, etc based on trading in general. Let ...
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Book of LITE
Started Jan 1, 2014|Trading Journals|129 replies
This is meant to be a trading journal for a synergy of personal trading techniques whose ...
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LITEchild replied Dec 31, 2013trade explorers and/or myfxbook does the same thing more transparently don't you think? Less susceptible to record falsification. Just my opinion though. Happy 2014.

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