Great site for news that affect the market

Usually, here's how my trading day will go.

Although I don't trade based on news, I'll just run through some of the important news for the day so that I'll take note of what is happening at what time. Usually I would not trade half and hour before and after the news is going to come out.

I would go to http://forexfactory.com/ and also http://forexfactory.com/ for the latest news that affects the market.

Then I would decide which pairs to trade for the day.

Have not been trading much since I've been busy with a lot of other stuff :þ

Hit my stop loss... sigh..

Guess luck wasn't on my side. hit my stop loss(red line) with 20pips loss... sigh...

Live Trade

Here's what I just entered 2 minutes ago on EUR/USD pair. Let's see how it goes...

Best forex trade...

Today, I'm testing to trade using divergence on the currency Pair USD/JPY on a 5 minutes chart. Usually it's pretty hard to find a divergence, sometimes there's no trade for the whole day. But for today, there seems to be a few nice trades consecutively. Have made about 75 pips within about 2 hours time.

And the exits seems to be quite perfect as well. Using the stochastic (20,3,3) I was able to identify the divergence up and down (consecutively).

1st, the blue bars signals a divergence up, hence I bought the USD/JPY pair and hold it until there was a divergence down and exited, hence giving me a profit of about 50 pips. Thereafter, I sold the pair and made about 25 pips before exiting and headed for bed....

Let's see what's there tomorrow....