it's been a long road...

On the personal level

First, I am proud to announce to you that my wife gave birth to my third daughter, Alice, on April 7, she keep me pretty much busy all the time!

Second, my wife and I bought our self a new classic car!

Third, we are on lookout for buying a new house, we want to buy our first house together!

And you know its summer vacation!

On the trading level

Thing could not been any better, all fell in place perfectly a month ago. No better feeling then that! I clean up all my chart with the KISS rules. For the one who don’t know what is the KISS rule, its easy, Keep. It. Simple. Stupid.

Thanks for all the new copier that get on board lately. Your support and your trust is really really appreciated

I am also looking for a career in forex trading. I may have found a place in Montreal but their conditions doesn’t work for me. Maybe I will work on starting my own corporate fund…to follow!

Miguel Bousquet

You can now speak with me on whatsapp: (+1)4505181110

You can see my etoro profile for market update!

Let's have some discipline

Happy Sunday everyone

I hope you enjoyed a nice weekend. In the coming weeks I wish to work on my personal discipline. I made a lot of adjustment lately on the account concerning which pair I’m going to trade and what time frames I am going to use. I made some changes on the money management and on the strategy itself too as I want to simplify the way it was working. I also set up a calendar to take note of my daily statistics.

All those adjustment took a little bit of the account equity. For now I really feel that all my stuff is good and nothing need to be change anymore. So all I need to do is stick to my plan and leave it untouched for a good moment.

I wish everyone a nice week ahead!

You can see my etoro profile for market update

Miguel Bousquet

Email : miguelbousquet1986@gmail.com

Best time to trade!

Best time to trade!

Today I want to share with you the improvement that I will to bring to the account during the coming week. I want to improve the profitability of the account by focusing on the better day to trade during the week. So how it is going to work on the weekly basis on Sunday night I will open position on the weekly analysis only and on Monday to Thursday night I will open position based on my weekly and daily analysis. On Thursday night before Asian market session I will close all positions to go through Friday and the weekend without exposure.

Why I bring this improvement?

I came to this decision as I find out that I often lose money on Friday and by bringing this improvement I will reduce the risk exposure during the weekend. Sure I will have to pay the spread on position that I would have kept open before this improvement. But on good side I will cash in profit so it will produce a compound interest effect on the account has I will have a bigger equity on Sunday night.

I wish everyone a nice profitable week.

You can see my etoro profile for market update

Miguel Bousquet

Email : miguelbousquet1986@gmail.com

Lessons learn today…

Lessons learn today…

Today I lost around 7.00% on total equity (unrealised/realised equity) on the US fed interest rate decision. I made a big mistake on this one to thing that my long term position could not be affected on this risky event! So I assume my mistake and note it in my guide line book so this kind of mistake won’t happen again. And remember even if you are pretty sure of the outcome of the big new or event, the direction is not known yet!

It’s important to note your success and mistake!

I think by noting your mistake and success you will avoid making your mistake again and helping you to repeat your success. With discipline following your guide line and your plan that you have noted down you will be successful!

Have a great rest of the weekend

Miguel Bousquet

You can see my etoro profile for market update

Let this week begin!

Let this week begin!

Last week was an amazing week! I proved to myself that my stuff work on the real market, and want to continue this way! I want to thank my new copier on etoro @alervielma for his trust and hope you will give a chance to learn from me!

Let’s improve my stuff!

During the weekend I took time to analyse my last week even if it goes well it is not a reason to take it for granted, I always check the trade I did to see where it work and where it don’t. So during this weekend analysis I see that I could use one more time frame on my multiple time frame strategy to put all the chance on my side! If you want to know more on my strategy you can see this blog post My first blog post.

What’s coming for this week?

This week we have a high probality of interest rate raise by the FED on Wednesday so I will be look at the USdollar pretty closely!

You can see my etoro profile for market update

Have a great week everyone!

All the systems working fine!

All the systems working fine!

I have not much to say today, except that my system is finally working fine on the real market! I try not to be over excited about that, because too much excitation when trading can make you take bad trading decision!  I think it’s important to have this mindset when you trade.

I wish everyone a good rest of the week I will come back with more technical stuff later

You can see my etoro profile for market update

The power of backtesting

So today we will speak about back testing your strategy, I speak a little bit about it yesterday in my article on the stop loss setting.

Why back testing your strategy?

For my part I use back testing has it help me gain confidence in my stuff has i can confirm my idea on the market by using past market behavior. It can also save you a lot of time versus a normal live testing.  But always keep in mind that the past behavior of the market is not a guaranty of the future. This is why I recommend to do back testing on a regular basis and by doing it regularly you will become better at it too and the best part is that it is totally free to do it!

What to do when back testing?

The most important thing to do when back testing is to take note of everything you see. For myself I always had paper note book to write my stuff when I back test. You can leave note on the computer or anything as long as you take note its fine. Don’t do the mistake to leave it in your head as you will lose your idea or leave place to interpretation or distortion from your first idea!

Now let’s talk about how the week begins!

Last night I got a really bad sleeping night, has I enter the market with my improved strategy last Thursday, even if I got a lot of confidence in the practice mode with my strategy it put a lot of stress on me when I put new stuff on the real market! Even if it all working fine! I never find any way to deal with this stress in this 2-3 days period!

So for now my multiple time frame system that I explain a little here, is working fine and can wait to see where the market bring us!

You can see my etoro profile for market update

 

My first blog post

My first blog post.

It been a while that I want to create a blog so tonight I dive! The reason why I want to make a blog is that I want to share my trading experience with other trader. I will share some of my stuff here and if it help some traders who want to create there trading technic with my idea I will be happy!

But the main reason that I want to create this blog his to show people how to deal their emotions involved in trading activities. So more often I will share my emotion on trading. On the internet we can find a lot of stuff on trading. But no one personally share their real story. So I will share mine here I will try to do it has often has a can!

Let’s start to share now!

At the end of last January I face a long losing streak. It was so hard on me that I took really hard emotionally I was deceived and doubtful of myself, of the market and all the stuff that I done in trading you know the kind of stuff that made me think to quit. I think often about quitting when it goes this bad, even if I will never do it, its normal to thinking quitting this painful situation.

At first I put the blame on Donald Trump presidential investiture but that was not the case… and I know it.

In this situation I decide to take a little break from real money trading. By doing this I was able to review my stuff, see where it work and where it don’t work.  This way I was able to strengthen my stuff that was already good.

What I change in my strategy…

At first I trade using daily time frame chart it can work really well most of the time. During my break I was able to see where I made a big mistake. It is something that my wife shares with me while we talk about the world economic situation and the situation of my account. She tells me something that light up something in my head! I forgot to look at a bigger picture of the market by using a longer time frame… it is something really important that I learn before and totally forgot that even if I was on the good side on the daily time frame and be against the market on the weekly! So when I back tested this I see that most of the time during this losing streak when I engage myself on a bad trade on the daily time frame it was because I was against the market on the weekly time frame.

What’s coming next week?

Last Thursday I return to the real money trading. I will get back on the market progressively and I see a couple of good opportunity coming up. I will share those opportunity on my Etoro wall. I’m a little excited but not too much has I want to keep my stuff rational! In my personal life my wife is about to give birth to my third daughter.

The last word on this post is to learn from your mistake and you will get out stronger!

I hope you enjoy my first blog post, and hope to have some feedback on it!

Miguel Bousquet