Holidays

As many of you followers already know, I have been on a trading break due to the holidays. I want to wish you all a belated Happy Hannukah and a belated Merry Christmas. This week is the New Year! I am very excited for 2015. In order for me to stick to the 7 year plan, by 12.31.2015 my account will need to be at $615.28, which is very doable. Remember... the plan is $100 to $100M in 7 years. This means 15% a month. Compounding interest is an amazing thing. So, for the week of 12.28.2014, I will ONLY be placing my 2 days trades on Sunday and not placing my intraweek trades. I have already hit the goal for December 2014, so there is no need to not take my vacation. So for this half-week lineup check out the video below.

As I stated in the video, this will be the last time I simply record my orders being placed. I will be creating some educational videos for my Youtube channel and also creating some videos of my active day trading with the micro-strategy. What this means is in the weeks to come, I will be placing all of my orders, the why's and the thoughts behind each one on the blog again. Let me know which is better for you, which you like better... video or blog.

As I also stated in the video, please leave a comment, let me know if you have educational questions, do you understand Bollinger Bands, Pivot Points, etc.? Do you have questions about my system, orders, account balance, etc.? Let me know. If you don't want to leave a comment, please feel free to use the contact me form on the right hand margin.

Happy trading and HAPPY NEW YEAR!

#YoungBuffett out!

Intraweek Orders

I couldn't get my screen recorder to work properly yesterday when I placed my orders, so I am going to write about them instead.

Let's begin by going over which orders were executed from my Sunday trades. The AUD/USD was executed and within 7 minutes it took profit... giving me a 2.67% portfolio gain. This 7-year plan has one key element... I am not required to make a trade... I am merely required to make the right trades. I only trade when the signals are absolutely perfect.

As for my intraweek orders. Looking at the USD/CAD, I placed a short order at 1.17076 for 5K units, looking for a T/P at 1.16988. This entry order is a perfect split of the R2 and the upper Bollinger Band. This order is my favorite of the intraweek and all indicators point to an execution.

Next up, longing the AUD/CAD, 5K units at .93387 and a T/P at .93457. This order lines up the S2 and lower Bollinger Band perfectly.

I am very excited to be trading in the AUD/USD this week. A buy order placed at the perfect line up up S2 and my lower Bollinger Band (.81087) with a T/P at .80082.

Rather than going through all of my orders individually, I am posting the remaining orders here:

All of these orders are either a split different of R2 with an upper band, S2 with a lower band, or in some of the cases (the best cases) a perfect alignment of R2/S2 with the upper/lower Bollinger Band.

Happy trading. Merry Christmas. I will see you all on Sunday and will definitely be creating a video for that trading session.

#YoungBuffett Out

12/21/2014 Weekly Outlook

For those of you that didn't already see my newest video on YouTube, you can check it out here --- this video is an overview of my early week orders and a little insight into this week's market.

I expect to see make some money in the EUR this week, especially in my EUR/GBP and EUR/USD this week. The EUR/USD has remained relatively flat the past 3 weeks serious downward pressure due to the European debt crisis. BUT what will become of the USD in 2015? With the Fed telling us that interest rates are going to go up next year, the USD can only expect to slow down and will begin to reverse direction on most major currencies once that rate does climb (most likely around the middle of the year).

So for the week of 12/21/2014, what orders did I place? I will talk about my trades in terms of which one is next to be executed. The AUD/USD is actually being traded this week. After staying out of the AUD last week due to my S1 and S2 being above my below Bollinger Band, I placed a limi buy order at .8106 (28 pips away). My S1 is finally within the bands and my S2 is aligned perfectly with the lower band. A 5,000 unit order moving merely 5 pips will give me a very decent ROI.

Next, the EUR/GBP, like I said, I am expecting some big stuff from the EUR this week. With a 3,000 unit order placed long on this pair at .77981 (29.9 pips away) a 5.8 pip bounce will leave me with a nearly 2.6% portfolio gain.

Below are the rest of my early week orders in order of closest to farthest away from being executed:

Remember, follow me on Twitter, Facebook, and Youtube. Join the YoungBuffett movement and get your shirt today!

I am going to be making my next video on Tuesday afternoon. Be sure to keep a look out. I will go over my intraweek orders. Also, I will be posting on the blog tomorrow about some micro-trading.

Happy trading. #YoungBuffett out.

Week of December 14, 2014

It is 4:00 and I am sitting down to analyze the charts for the week. This week I will tell you which orders I placing and I may even place an image or two :) I will also tell you which pairs I am not going to place orders in. I analyze charts twice a week... Sunday and Wednesday. I set up my orders to expire after two days. 

This post may be more technical than my normal posts, but will also give you a little inside into how my mind works... so enjoy, this may be the only time I give you a snippet into my forex strategy. To start with, I trade using the 1 week charts, having my Bollinger Bands, SMA, EMA, and WMA on the chart and then I draw my pivot points over the weekly chart too. 

So let's start with the AUD/CAD, AUD/CHF, AUD/USD, GBP/AUD, and USD/CHF. I am not placing any orders in any of them today. The pivot points are way below the Bollinger Bands, which means that the technical indicators are not lining up. To explain what I mean, see the image below, which is a chart of the AUD/CAD and the same thing is happening with all of these pairs. 

Next is the CAD/CHF. I will be placing a limit sell order for this pair, but no limit buy. The reason is because my R2 and my upper Bollinger Band line up almost perfectly. This means to me that if the pair manages to jump that high, it will hit that ceiling and have to drop back down... at least a few pips, which is all I need in order to make a profit. For the USD/JPY, I placed a very similar order. However, R2 was slightly above my upper Bollinger Band, so I split the difference (see my last chart for what I mean on splitting the difference.) Here is the CAD/CHF chart:

Next we come to the EUR/GBP. This is one of the most stable pairs that I trade. Typically they are pretty similar in movement because their economies are so closely related and intertwined. This pair stays within their Bollinger Bands almost always and typically adhere to their pivot points. So I have placed  limit buy AND a limit sell with this pair. I also placed limit buy and limit sell orders for the NZD/USD due to the exact same technical indications. Here is the EUR/GBP chart:

The EUR/USD, EUR/CAD, GBP/CHF, GBP/USD, and NZD/CAD are all very similar in my CAD/CHF except I am placing a limit buy only, my S2 is a tad below the lower Bollinger Band, so I split the different and placed a limit buy order. The only difference is the GBP/USD (the lower band and the S2 are perfectly lined up.) Here is the EUR/USD chart:

So, that is my outlook for the week, or at least the first couple of days. If you are wondering about the USD/CAD, I am actually short in the pair currently and up a few pips, waiting for it to hit a 12 pip profit then my T/P will be engaged. I have also been asked about my use of the MACD... well I don't use it too often. Honestly, I use the MACD when I am already in a trade and my T/P or Stop Loss has not been engaged for a couple of days, so I look at the daily MACD to see if I should just get out or hold on.

Happy trading this week. 

#Young Buffett out. 

Thanksgiving Week

Thanksgiving week is a half week for me. I will be leaving town on Wednesday morning with only a couple limit orders placed with small TP margins... just be looking for a 10 to 15 pip jump while I am gone. Buuuut, the first few days of the week I am keeping my eye on the GBP/USD. It has been bouncing off of that lower Bollinger Band for a few weeks now. I am thinking there will be a large bullish trend. I am setting a limit buy for 1.55876 and a TP at 1.59500. This will be a long move for the week for me. I like to balance my week with about 30% long (time wise, not long in the buy/sell sense) trades, 50% day trades, and 20% mid trades (2-3 days).

I also have my eye on the EUR/USD. I bought in long at 1.23927. It is down a couple pips right now, but I expect a bullish run into the low 1.26 range, I did have a conservative TP at 1.25, a whole 100 pips or so lower than my expectation, but I changed it today to a 1.26 TP order. I really see a long position that will pay off.

The AUD/CAD has been bouncing for three weeks now. Up and down, leaving it almost neutral over a three week time. I think it will drop a little more to .97054, if it does, I will pick up a bullish position to run to .9788. It will be a decent 83 and change pip move.

If the EUR/AUD drops to 1.46742 I will sell it short and look for a bearish run to 1.4424. this 250 pip run is very reasonable I think. I think if it hits the 1.46742 mark, it would take a week tops to drop 250 pips. Honestly, it could happen in 2 days I think.

The SGD/CHF was a nice ride for me last week. I bought long at .7353 and rode to .7400. It is now at  the .7460 area and I see a continual bullish run. I have a limit buy at .73891, which probably won't hit because it is so far below where it is right now and I do see it continuing to rise, but I don't want to risk that much when you can only margin 20:1 on that pair.

Now the AUD/SGD is a fun pair to trade. The Bollinger Bands, pivot points, and the SMA, WMA, EMA all point to a decline... at least that is what I see. I am setting up a limit buy on the pair at 1.10185 and looking for a 225 pip run up.

I am also setting up a limit buy for the AUD/CHF at .82122 looking for a 100 pip run on that one. I don't think it will get picked up this week. The pair is relatively flat and the bands and points show it staying flat for another week or two. Again, the way I read it.

HOLY COW, can we just look at the AUD/HKD for a moment. The bands are SOOOOOO wide. It doesn't know what to make of the pair. The pivot points are all in the lower channel too, so I don't know what to make of it. I will set up a limit there... a buy at 6.6 with a run to 6.9. This one definitely won't hit this week, but I shall see.

EUR/NOK, limit sell at 8.54187, looking for a bear movement to 8.5 flat.

EUR/NZD... it can be expensive on the long trade, but if it drops to 1.55602 I will buy it long to 1.56799. If it happens to spike up to 1.62461, the R3 pivot point, I will short it to 1.60552. Shorting this pair is nice because it actually pays a pretty decent interest rate per day... but longing it can cost you, so if you do long it, make sure you are positive you will make a nice movement on it.

The NZD/HKD pays a great interest rate on a long trade. So I am setting up a limit at 5.91343 and going to ride it long for 1,750 pips (really not a lot for this pair).

Where I am currently getting some pain is in the USD/CAD. I am about to hit a stop-loss there. I bought in at 1.13485. I have a TP set at 1.1376. For how much I have lost, I might cut the loss tomorrow when the markets open. The loss is not even worth the small gain. IDK, I am up in the air with this one.

The ZAR/JPY, USD/JPY, TRY/JPY, CAD/CHF, CAD/JPY EUR/HUF (took it off my radar completely actually), and GBP/CHF... are all positions I am staying away from this week. They are way above their Bollinger Bands and their pivot points, so I will wait for them to neutralize. Honestly, the JPY has been fucking crazy lately. Pardon the French, but its so true. It has dropped sooooooo much. It is 2004 all over again. Maybe a new George Soros will rise from its ashes... maybe it will be me :).

So this is a long post with a lot of data, but I think it is all good stuff. Some may not agree with some of my limit order or even some of the ways I read my tables, but most people thought Warren Buffett and George Soros were fools too.

-The World Goes To The Doers
-You miss 100% of the shots you don't take.
-If you don't have haters, then you doing something wrong.

#YoungBuffett out

The Beginning

This blog is dedicated to my journey through Forex. It all began with a $500 investment on October 15, 2014. I had been working for a while on developing a system based loosely off of George Soros, Warren Buffet stock strategy, and the plethora of data on dailyfx.

I killed it for 2 weeks. I was gaining an average of 2.7% a day on a 5 day a week trading pattern. I had my account to $652 and change by the Halloween. Well, I lost track of my own rules, which I knew I needed to be following strictly! I put WAY to much into a trade that went south quick. I mean, who woulda thought that a report from the Fed about the buy back of bonds would make such a drastic jump. Within a weekend my account was obliterated to $228. I had a margin call and lost it. I was not happy, but it I am happy it happened.

Why am I happy? Well this huge loss happened near the beginning of my journey (well my third journey, but the first time I had a plan and a system). This means I had a quick wake up call, if I stick to my system and follow my rules, I will indeed do well. I showed it by making $152 (30.4%) in 2 weeks.

Today is November 11, 2014, Happy Veteran's day. My account over the last 11 days has been doing great. I turned the $228 into $290.77 (27.53% gain). I have been following my rules and sticking to my system. The best part, my wife keeps me accountable. She doesn't know my rules or anything about Forex... except for the fact that the charts give her a panic attack in 3 seconds and that the analysis is boring as hell haha. For me on the other hand, I LOVE IT! I can look at the charts and analyze them quickly, love love love it! Off the bunny trail... my wife keeps me accountable.

Every day my wife says, "Are you sticking to your rules?" or a I will get a text while at work, "Remember your rules." I love it and I love her for it. It truly does keep my honest to the system. Today was tough... the AUD/JPY has given me a battle and as much as I want to keep in it and reinvest (past where my rules and system allow me) while it was going the wrong way, I didn't. I knew that if my wife asked if I stuck to my rules that day, I wouldn't want to disappoint her.

So, this is just an intro to this blog. Honestly, I have blogged a little before, but never really stuck with it. We will see if I do with this one. No promises will be made to a daily or even weekly update haha. I will not be putting technical charts and jargon on here. This is simply a catalogue of my journey. I will keep you updated with my progress. I will also post my goals here soon so you can see where I hope to be. The basic is a goal of 2.5% a day, which I have been doing a fairly good job at. My record was a tad over 8% in a day. Cest la vie. Here goes nothing.