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	<title>somewhat-hypothesis.com &#187; forex</title>
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	<description>more or less :: explanations for certain observations</description>
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		<title>Personal Updates</title>
		<link>http://somewhat-hypothesis.com/2008/07/29/personal-updates/</link>
		<comments>http://somewhat-hypothesis.com/2008/07/29/personal-updates/#comments</comments>
		<pubDate>Tue, 29 Jul 2008 03:20:58 +0000</pubDate>
		<dc:creator>colson</dc:creator>
				<category><![CDATA[Personal]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[fxcm]]></category>
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		<description><![CDATA[Law school: Test in October &#8211; studying commences hardcore in August.Grad school: I&#8217;m enrolled and entering Bellevue University&#8217;s MBA program in the interim. Since work will pay for a good chunk of it, I&#8217;m taking the plunge and going to continue my education with law school on the horizon.
Craziness: I&#8217;ve been wrapped up in learning [...]]]></description>
			<content:encoded><![CDATA[<!-- sphereit start --><p>Law school: Test in October &#8211; studying commences hardcore in August.Grad school: I&#8217;m enrolled and entering Bellevue University&#8217;s MBA program in the interim. Since work will pay for a good chunk of it, I&#8217;m taking the plunge and going to continue my education with law school on the horizon.</p>
<p>Craziness: I&#8217;ve been wrapped up in learning the fundamentals and technicals of Forex trading. To be honest, it scares the living shit of me. But it is also fun to learn about many of the tools used in stock and commodities with even less of a required commitment of capital. I&#8217;m starting to trade minis (10k) in the practice environment right now.</p>
<p>I was partly on track &#8211; after a slight slide I got a bounce back to close out several trades with some good pips to take. However, I had other trades that were sucking a lot of wind because the overall picture was a slight downward trend going sideways when I expected a slight upward trend sideways or movement upward. What saved my butt was going back to the SMA/EMA signals I was watching for which proved to help me out and cut some losses at a better price than if I had just rode the process out as I was.At the end of the day, I took 25 pips on 10k lots using very little margin or leverage on the demo account.</p>
<p>Admittedly, that isn&#8217;t too bad for just an hour or two of trading.  But it really wasn&#8217;t worth the couple of bucks added to the account. And I got lucky. Very lucky.I&#8217;ll make another post about my next idea to work with: 3-line moving averages with progressive buy/sell, no stops with opposing trades to limit risk.<span style="white-space: pre" class="Apple-tab-span">	</span>Anyway, thanks for listening.</p>
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