Tough times for trading.

The last part of December is never easy to trade and this year is no exception. The big players have all left for the season holidays and are busy counting their bonuses. Despite the very volatile market we managed to come out with a small plus.
Next year I will definitely also stay away from the market during this period - I know that some traders are making a lot of pips these days but in my opinion it is simply not worth the risk.
Starting from January 2010 I will focus more on the 4 hrs and daily charts so there might be less but hopefully more profitable trades next year.

Check out my performance here:
Munguba Invest on ZuluTrade.com

Week 50

Not a bad week after all but I did miss some really great opportunities. My entries were almost spot on but I need to work on my exit strategy - I tend to exit much to early and missed some of the big moves. Oh well, stay tuned for some more pips next week!

Check out my performance here:
Munguba Invest on ZuluTrade.com

Welcome.

Welcome to Munguba Invest!
After having tested an endless number of forex signal providers - and wasted a lot of money in the process - I finally realized that I if I was ever going to make a decent income from forex I would have to do the trading myself.
Unlike most other signal providers on ZuluTrade.com I do not use a martingale strategy and you will very rarely see me have more than 3 trades open at the same time.
Most of my trades are short time trades based on support and resistance levels - I do not use any EA (robot). Occasionally I will take a trade off the 4 hour or daily chart so expect it to run a little longer.
My target is an average of 20 pips per day which doesn't sound like much but it is actually enough for me to make a decent living - besides I still have a daytime job.

Check out my performance here:
Munguba Invest on ZuluTrade.com