11 December 2015 GBPJPY short trade. End result was +50.2 pips which was more than I expected going into the trade.
Price in the London morning moved up the intraday high recording in the overnight Asian session but was swiftly rejected. The move short consolidated and broker the previous daily low setting up a new daily low with some momentum and a daily range of 93 pips. I was alert and looking for a short. A pull back against the momentum short happened but started to break down inside the 38.2 Fib so I took an entry and price action obliged, ending the pullback and picking up momentum short again. Price broke into the previous wick consolidating my thinking to hold with an idea to exit below the previous intraday low. Price obliged again hitting and breaking that intraday low with momentum allowing me to pick up some extra gains. I got out at 183.80 with the expectation that momentum would end sooner or later.
This is a video of live Fx Trading, using foreign exchange trading platform MetaTrader 4.
The aim of the video is to demonstrate forex live trading. There are many different trading platforms, MetaTrader4 is the one that I find works best for me, though I have a different fx trading platforms for live accounts. This account is a Forex Demo account, though trades live will be taken simultaneously (for privacy, not shown).
You can also trade foreign currency and trade fx online!
If you are interested I would recommend you establish a demo fx trading account with a forex online broker, learn and understand the principles, study price action, technical indicators, risk management tools and self management in an environment of uncertainty. You may find value in the methods I use, even if you do not agree with the trade style I utilize, there should be value in learning the underlying principles of why I trade the way that I do.